Nerdystar, Line Games' Web3 gaming division, raises $5.8 million in seed funding

According to The Block, Nerdystar, the Web3 game division of Line Games, a subsidiary of Japanese social media giant LINE, announced the completion of a US$5.8 million seed round of financing, led by South Korean investment company Blocore, Bitkraft Ventures, FTX Ventures, GuildFi, Formless Capital, VistaLabs, Seum and SBXG participated in the investment. The round brings Nerdystar’s total funding to nearly $11 million. Nerdystar launched in February this year, with Alan Huh, a former business executive at Line Games, serving as CEO. Nerdystar currently has a team of over 100 developers and artists, most of whom were transferred from Line Games' Oozoo studio. The company’s first game, Desperado B218: The Scars of Exos, will launch on Polygon later this year through Luxon, Nerdystar’s blockchain gaming platform.