Parallel Studios Raises $35M from Major Crypto Investors to Expand Hit NFT Game and Develop New AI-Powered Title

Parallel Studios raised $35 million in funding from major crypto investors like VanEck and Solana Ventures to expand its Ethereum NFT game Parallel and develop new Solana game Colony

Funding will support onboarding more Parallel users, launching on Epic Games and Steam, releasing the Planetfall expansion, and developing the Colony game powered by generative AI

Colony aims to launch a public beta by end of 2023, utilizing the Wayfinder AI protocol that Parallel Studios unveiled

Parallel game token PRIME has surged over 60% in the last month to $23 on the funding news and growing interest in Colony

New funding will help Parallel Studios quickly hire more staff to meet development goals for both Parallel and Colony blockchain games