Supervillain Labs has raised new funding from Aptos Labs and Neowiz’s Intella X.
Both Aptos Labs and Neowiz’s Intella X, a Web3 gaming initiative, have each completed an equity investment in the Web3 game studio, Supervillain Labs.
This investment round was co-led by Intella X and Aptos Labs and supported by a consortium of leading global investors, including Spartan Capital, Crit Ventures, Presto, and Planetarium Labs.
This strategic investment reflects Aptos Labs’ and Intella X’s confidence in the growth potential of Supervillain Labs and its commitment to developing high-quality blockchain-based games.
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“We are delighted to continue our investment and partnership with Supervillain Labs, a team we’ve deeply respected since their inception,” said Christie Lee, head of Korean partnerships at Aptos Labs, in a statement. ”Supervillain Labs is actively fusing Web2 familiarity with Web3 innovation. In the process, the team is showcasing the cutting-edge capabilities of Aptos technology, and erasing the traditional boundaries of a gaming experience. This collaboration propels us towards a future where gaming and blockchain are indistinguishably linked.”
The capital raised will help enable a global Web3 gaming launch for Supervillain Labs, a studio focused on a deep understanding of both the gaming and Web3 markets, as well as its technical expertise in blockchain game development.
Emphasizing a trust-centric approach within the Web3 space, the studio leverages Aptos’ on-chain technology to transparently manage in-game items and provide equitable rewards to its community of fans, gamers, and influencers. Supervillain Labs is poised to release its internally developed Web3 game, Supervillain: Idle RPG, in the first half of this year.
Additionally, Intella X and Supervillain Labs are discussing other collaborations. Through this partnership, both parties will initiate joint gaming projects featuring the ERCC: Early Retired Cats Club non-fungible token (NFT) collection, as well as more in-depth collaboration within the Intella X ecosystem and the games developed by Supervillain Labs.
These efforts aim to enhance the Web3 ecosystem with innovative and engaging experiences while fostering the growth of the Intella X ecosystem to encourage Web3 mass adoption.
Jose Ko, CEO of Intella X, said in a statement, “We are excited about the unique dynamism Supervillain Labs brings to the blockchain ecosystem with this investment. We are currently reviewing further collaboration opportunities, with an aim to enhance the Web3 market’s accessibility and enjoyment for all users.”
Joseph Lee, CEO of Supervillain Labs, said in a statement, “At Supervillain Labs, we are dedicated to creating Web3 games on Aptos that emphasize the intrinsic fun of gaming while expanding what’s possible in new and exciting ways. With the leadership and support from Intella X and Aptos Labs, we are eager to introduce immersive experiences to the Web3 market.”Aptos Labs and Neowiz’s ‘Intella X’ Announce Equity Investment in Web3 Game Studio ‘Supervillain Labs’