A16Z Lead a $24M Funding Round For Blockchain Gaming Firm Metatheory

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Metatheory, a Web3 gaming startup founded by Twitch co-founded Kevil Lin raised $24M in a funding round.

The money raised will be used for upcoming nonfungible tokens, comics, and a play-to-earn game expected to launch later this year called Dusk Breakers. The round was led by crypto capital venture Andreessen Horowitz (a16z). The round saw participation also from:

  • Pantera Capital.
  • FTX Crypto Exchange.
  • FTX Ventures.
  • Breyer Capital.
  • Metic Circle and more.

“Building immersive digital experiences has always been a passion of mine, and after stepping away from Twitch to explore what’s next in the industry, I truly believe blockchain will open the door to even more possibilities and have a major impact on the gaming, storytelling and community building space.”

These were the words Kevin Lin said about his web3 gaming company and why he left Twitch to go after his true passions.

When Kevin left Twitch and created Metatheory back in November of 2021, he wrote in a medium article that “nearly a year has gone by since I left Twitch.” He stated that the time he took off was to explore and finally wrap his mind around the world of blockchain and that its potential for the future has reenergized him.

That’s how Metatheory was created!

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