PANews July 11 news, according to Blockworks, the game development platform Remix has completed a $5 million seed round of financing, led by Archetype, with participation from Variant, Coinbase Ventures, Lemniscap, and Zynga co-founder Justin Waldron, bringing the total financing amount to $6.75 million. The platform combines AI code generation with hyper-casual games, and currently, 570,000 players have experienced the 800 games available on the platform.
Remix, formerly known as Farcade, is characterized by allowing creators to quickly generate games through text prompts and to perform 'mashup' style remixes of existing games. The platform plans to achieve profitability through in-game advertising and item commissions and is about to launch on-chain monetization tools. It currently supports Telegram (based on the TON network) and World App, and will soon be available on the new version of Coinbase wallet.
