Faraway
Latest round
- Series A
Last raised
- Nov 2021
Total raised
- $29M
Investors
- 7
About Faraway
Founded in 2021 in the United States, Faraway Inc specializes in developing a platform that enables game developers to incorporate Web3 functionalities.00 mn. The founders, Alex Paley and Dennis Zdonov, have a background in tech entrepreneurship, although specific prior ventures are not detailed.Faraway Inc. offers a comprehensive suite of products aimed at facilitating the integration of Web3 open economies into video games. Their core offerings include a user-friendly platform that allows game developers to implement essential functionalities such as embedded wallets, smart contract management, and multi-chain indexing without requiring deep technical expertise. This platform caters to a diverse range of game genres, including first-person shooters (FPS), city-building simulations, and casual idle games, thus appealing to a broad customer base of gamers and content creators. End users can create and manage custom content within the Faraway ecosystem, monetize their creations through the Faraway Shop, and engage with various decentralized applications.Revenue generation for Faraway Inc. is primarily facilitated through transactions occurring within its ecosystem, notably through the sale of in-game assets and user-generated content via the Faraway Shop. Game developers and creators can set up storefronts to sell items such as Rift Keys, Ascension Material, and other game-specific collectibles, allowing them to earn up to 90% of the sale price from their assets. The platform supports both cryptocurrency and fiat transactions, providing flexibility for users.
Who invested in Faraway
7 investors across 2 rounds
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Questions about Faraway
Who invested in Faraway?
Faraway has 7 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Faraway raised?
Faraway has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Faraway last raise money?
Faraway's most recent round on record is a Series A, in Nov 2021.
What does Faraway do?
Founded in 2021 in the United States, Faraway Inc specializes in developing a platform that enables game developers to incorporate Web3 functionalities.
Where is Faraway headquartered?
Faraway is headquartered in US.
Which VCs invest in companies like Faraway?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Faraway's stage. Their profiles are linked below.
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