Zed Run Developer VHS Raises $20M in Funding Round Led by TCG
The Australian company, founded in 2018, has developed a blockchain-based, virtual horse-racing game called Zed Run.
Jul 21, 2021 at 12:32 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/T5J77S2WJZCH5GGSVKGEACY5FM.jpg)
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)
Virtually Human Studio (VHS) has raised $20 million in a Series A funding round that was led by TCG (The Chernin Group) and included venture capital firms Andreessen Horowitz and Red Beard Ventures.
- The Australian company, founded in 2018, has developed a blockchain-based, virtual horse-racing game called Zed Run.
- It will use the funds to expand its project and engineering teams.
- Game participants can buy non-fungible tokens (NFTs) representing racehorses with differing racing and breeding characteristics.
- The company has sold more than $30 million in racehorse NFTs since the product was launched in 2019.
- VHS plans to develop the game so that "players can work in professions such as stable owner, race track owner, breeder, accessory designer and more," CEO Chris Laurent said.
UPDATE (JULY 21, 12:43 UTC) Adds game description, development plans.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/LMSBDA36KBDBBCM5F5YAZU4WTU.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PJTR3KRDWJCRVE3QREM6KUOK7A.png)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/BCL2F4QEBFHF7KZRYGASU4I4IU.jpg)