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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.
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.
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- 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.
See also: Polygon Launches Unit to Grow Blockchain Gaming, NFTs
UPDATE (JULY 21, 12:43 UTC) Adds game description, development plans.
Sheldon Reback
Sheldon Reback is CoinDesk editorial's Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble of 2000-2002. He managed the Bloomberg Terminal's main news page and also worked on a global project to produce short, chart-based stories across the newsroom. He previously worked as a journalist for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk's notifiable limit.
