Lucid Sight Collects $6 Million to Introduce Its DLT-Powered Games In Traditional Platforms

VentureBeat, which provides tech news, has reported that Lucid Sight, a blockchain games builder, has collected $6 million to fund its expansion plans ranging from digital scarcity-powered games to conventional game platforms.

Lucid Sight, headquartered in Los Angeles, currently has $11 million in grants to increase its offerings of electronic ownership games by closing the space between blockchain and conventional gaming.

The latest funding round was attended by top ranking investment bank and wealth management company Salem Partners, in addition to blockchain venture capital firms including the Digital Currency Group and the Galaxy EOS VC Fund.

Scarcity Engine, a coding tool modeled to launch Lucid Sight’s blockchain-fueled games on gaming gadgets such as consoles, PCs and mobile devices, will be launched by the company using the funds.

The tool will be introduced in the second half of 2019, notes the report. In particular, Lucid Sight aims to deliver blockchain games such as Major League Baseball (MLB) and Crypto Space Commander (CSC) to conventional gaming systems while retaining the advantages of disruptive technology’s digital scarcity, the company’s CEO Randy Saaf said in the statement.

MLB Champions is a game of digital collection published during the 2018 MLB season where participating gamers can purchase souvenirs that accrue rewards when real world baseball games happen. The game’s fresh season is scheduled for the 2019 MLB season.

Recently, Animoca Brands, a blockchain startup, announced that it had entered into a worldwide licensing deal with Formula 1 to launch a racing-based blockchain game. South Korean identity blockchain startup Metadium had earlier revealed the launch of its Software Development Kit on Unity’s Asset Store, the foremost game engine.