Tuesday, April 2, 2019

Lucid Sight, Backed By MLB, Finds Another $6M To Combine Video Games, Blockchain

Los Angeles-based video game startup Lucid Sight, which is combining both videogames with blockchain, has raised $6M in a funding round, the company is announcing this morning. According to the startup, the new round of funding included Salem Partners, The Galaxy EOS VC Fund, Digital Currency Group, Breakaway Growth, Frontier Venture Capital, and Animoca Brands. Lucid Sight is developing blockchain-based games, including MLB Champions and Crypto Space Commander (CSC), which use blockchain as a fundamental piece of the games to enable "digital scarcity" and ownership of assets. The startup says the new funding brings its total raised to $11M. The company's other shareholders include Major League Baseball (MLB), Rana Capital Partners, Los Angeles Lakers VP Research & Development Joey Buss, and AppOnboard Founder Jonathan Zweig. The company's MLB Champions game allows users to buy, trade, and own their own digital collectibles based on MLB players and the actual results of MLB games, all based on the Ethereum blockchain to enforce scarcity of those players. The startup's CEO is Randy Saaf. More information »