NPC Labs Secures $21 Million to Boost Game Development on Coinbase’s Ethereum Layer 2 Network, Base

NPC Labs, a new gaming infrastructure startup founded by three former Coinbase employees, has successfully raised $21 million in funding to enhance game development on Coinbase’s Ethereum layer 2 network, known as Base. The funding round was notably led by Pantera Capital, which invested $18 million. Other contributors included Makers Fund, Hashed, Mirana Ventures, and several additional backers. This substantial investment aims to support the growing demand for GameFi projects and provide developers with more resources.

The CEO of NPC Labs, Daryl Xu, highlighted the challenges faced by game developers in a competitive market dominated by major publishers. He pointed out that after spending significant time creating their games, developers often relinquish control by partnering with publishers that may not prioritize their creations. Xu emphasized that this move is about returning power to developers and gamers, allowing them to retain more of their earnings and maintain the integrity of their work.

To facilitate this vision, NPC Labs will contribute to B3, a blockchain designed specifically for GameFi projects that operates on top of Base. This blockchain will streamline transactions and reduce the complexities associated with in-game asset transfers and gas fees, allowing developers to focus on creating enjoyable gaming experiences. Viktoriya Hying, another founder and former Coinbase employee, expressed confidence in Base’s potential to connect with Coinbase’s vast user base, making crypto more accessible and enjoyable for everyday gamers.