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Faraway
New game studio leveraging blockchain technology to unlock player-driven and decentralized game economies
About Faraway
Faraway.gg is a startup operating in the gaming industry, specifically in the realm of blockchain games. The company offers a suite of Web3 technology and tools for partner projects built on the Faraway Platform. Their primary offering is on-demand NFT (Non-Fungible Tokens) minting, which allows users to create an infinite number of unique items and manage royalties, metadata, and visual variations with ease.
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The company's business model revolves around the creation and sale of assets for use in their games, such as Mini Royale. Users can create new heroes, weapon skins, and even design new maps for the game. Additionally, users can design new skins for their Community, Energy, and Production buildings within Faraway Land, a feature that allows players to personalize their gaming experience.
Faraway.gg also operates in the play-to-earn market, where players can earn NFTs through gameplay. This model is becoming increasingly popular in the blockchain gaming industry, as it allows players to earn real-world value from their in-game achievements.
The company has recently raised $21 million in funding to further develop social and multiplayer blockchain games with player-driven economies. This indicates a strong market interest in their offerings and potential for future growth.
Faraway.gg serves a broad range of clients, from individual gamers to larger gaming communities. Their focus on player-driven economies and user-generated content suggests a commitment to serving the needs and interests of their user base.
Latest news
Press, funding announcements and product moves mentioning Faraway.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Nov 2021 | $21M | $84M | FTX · Pantera Capital · Jump Capital · Sequoia | — |
| SEED✓Equity / VC | Jul 2021 | $8M | $32M | Sequoia · FTX · Lightspeed Venture Partners · Andreessen Horowitz | — |
Growth signals
Latest recorded traffic for Faraway is 480 monthly website visits, down 56.4% over the last three months. Faraway's team grew 0% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed7 investors entered at this stage
Sequoia
FTX
Lightspeed Venture Partners
Andreessen Horowitz
Pantera Capital
Solana
Jump Capital
Other known investors4 additional known investors
- ECEden Chen
MANTIS
Night Ventures
NxGen Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Faraway on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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