# Core Loop Raises $12M to Develop an NFT Sandbox MMO With Play-To-Earn Economy

Core Loop, a VC funded game studio established in 2020 by the mobile game veterans Vincenzo Alagna and Dan Chao, aims to create a sandbox virtual-world with a player-owned economy. Core Loop has raised capital in a funding round led by Andreessen Horowitz(a16z) which also included investors such as

| Fact | Value |
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| Published | 16 November 2021 |

Source: https://egamers.io/core-loop-raises-12m-to-develop-an-nft-sandbox-mmo-with-play-to-earn-economy/