MatchboxDAO, a Starkware-based on-chain gaming ecosystem, has raised $7.5 million in its first funding round to continue improving crypto games built on the Ethereum scaler StarkNet.

The funding round was backed by prominent blockchain investors, including Starkware, Geometry Research, Ready Player DAO, Neon DAO, Road Capital, Formless Gamma and Bonfire Union.

MatchboxDAO is helping new gaming apps to set foot in expanding the gaming realm of the StarkNet ecosystem. Their support and mentorship for game builders are an important contribution for StarkNet.

Uri Kolodny, StarkWare’s co-founder and CEO

StarkNet is a scaling solution for Ethereum built by Starware and uses rollups. Instead of processing transactions on the blockchain’s mainnet, rollups move activity off-chain to ease congestion. 

Matchbox is on the route to building the next wave of infrastructure for the next-gen of games. Composable games and Dapps that empower devs and creators as well as  hundreds of millions of users.

Yonatan Ben-Shimon, Matchbox Foundation’s CEO

The freshly-raised funds will be used to develop the two core products of MatchboxDAO, namely Matchbox Spark and Matchbox Studios. Matchbox Spark incubates gaming products on StarkNet, while Matchbox Studios is a set of development tools to accelerate game development on Starknet.

Side note: FIFA launches NFT platform on Algorand.