Japanese VR studio Thirdverse today revealed it’s raised $15 million, something the Swords of Gargantua developer says will be used to expand global recruitment and develop new Web3 and VR titles.

In its latest round, MZ Web3 Fund has signed on as the lead investor, bringing the company’s overall outside funding to $33 million.

As an investor in Thirdverse, MZ Web3 Fund joins 8DAO, B Dash Ventures, double jump.tokyo Inc., Fenbushi Capital, FLICK SHOT, Holdem Capital, KUSABI, OKCoinJapan, OKX Ventures and Yield Guild Games.

The Tokyo-based studio says it plans to release more than 10 Web3 games through 2023 beyond its upcoming title, Captain Tsubasa – Rivals, and is currently recruiting more game developers to expand the development line.

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As for VR, Thirdverse announced it’s bringing its latest sword-fighting game ALTAIR BREAKER (2022) to PSVR 2 at some point, which was initially released on Meta Quest 2 and SteamVR headsets in August.

The studio’s upcoming multiplayer tactical hero shooter, called X8, is also coming to PSVR 2 in addition to Quest 2 and SteamVR headsets. XR was developed by Thirdverse’s US-based studio.

Thirdverse says in a press statement it aims to “strengthen the recruitment of VR game creators for the development of new titles, scheduled for release in 2023 and beyond.”

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Scott Hayden
Well before the first modern XR products hit the market, Scott recognized the potential of the technology and set out to understand and document its growth. He has been professionally reporting on the space for nearly a decade as Editor at Road to VR, authoring more than 4,000 articles on the topic. Scott brings that seasoned insight to his reporting from major industry events across the globe.
  • Guest

    Sword grip wrong, that is, unless its being used as a dildo!

    • NinjaMonkeyMark

      The man speaks the truth.

  • namekuseijin

    pretty crappy games, but at least I enjoyed the melee swordfighting combat in Gargantua, based on weak points on challenging enemies rather than boring wonky physics on passive ragdolls. however, their games are a service and can just be turned off on a whim…

    btw, that shooter didn’t get great reception in the playstation twitter. flatlanders understandably mad at a game that looks like PS2 – to run well on Quest – requires an add-on more expensive than the console itself. that’s a very hard sell indeed. perhaps if they showed CoD, Destiny 2, full GT7 game in VR there would be more good will…

  • Awesome! Now maybe if I buy one of their games it will stay active for more than 2 months before they shut it the fuck down.