Mobile game developer Limit Break has just announced it has raised $200 million in two funding rounds.
According to the company, it plans to incorporate Web3 elements into the Free-to-Play (F2P) model of online multiplayer games for mobile devices.
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The rounds have reportedly been led by Paradigm, Standard Crypto and Mino Games CEO Josh Buckley. Notably, FTX, Coinbase and Positive Sum have also taken part in the funding rounds.
The company intends to use Web3 to transform F2P into a Free-to-Own model.
Limit Break was founded by former Machine Zone CEO and COO Gabriel Leydon and Halbert Nakagawa. The studio is known for bestsellers such as Game of War, Mobile Strike and Final Fantasy: XV.