NPC Labs has successfully raised $18 million in a funding round led by Pantera Capital to revolutionize the Web3 gaming landscape. 

This funding round raised NPC Labs’ total to $21 million, including an earlier $3 million pre-seed round.

Web3 gaming a priority for NPC Labs 

NPC Labs was founded to expedite the integration and growth of on-chain gaming. The company plays a key role in B3.fun, a gaming ecosystem that operates on Coinbase’s Layer 2 blockchain network, Base.

The funds raised will be used to enhance the B3.fun ecosystem, making it easier for non-Web3 users to discover and engage with crypto games. NPC Labs is building discovery portals like Basement.fun to facilitate this process.

B3.fun creates a horizontally scaled, microservices-like Layer 3 ecosystem on Base, offering high transactions per second and gasless transactions.

“Our mission is to restore economic freedom for game developers and players,” NPC Labs CEO Daryl Xu said, emphasizing the company’s mission to empower game developers and players by providing a simple and frictionless gaming experience. 

NPC Labs hopes to address the challenges developers face in the current gaming market and the potential for blockchain technology to offer more control and revenue opportunities.

NPC Labs was founded by former Coinbase employees Daryl Xu, Viktoriya Hying, and Sean Geng.

Key investors from this fundraising round include Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana Ventures, Bitscale Capital, and Mantle EcoFund.