Parallel, the groundbreaking sci-fi NFT card game, recently secured $35 million in funding from a variety of investors. The game, which utilizes the Ethereum blockchain and Base layer-2 chain, made the announcement in a post dated March 28th. The investment round attracted support from reputable entities such as Distributed Global, The Operating Group, VanEck, Solana Ventures, Base Ecosystem Fund, and Amber, among others. While the post-funding valuation of Parallel remains undisclosed, the developers have revealed plans to utilize the funds to expand the Parallel universe across new mediums and platforms.
Since its launch in 2021, Parallel has been available in open beta, allowing players to collect, trade, and interact with unique in-game assets represented as NFTs. The game’s narrative delves into humanity’s journey into space as a solution to a global energy crisis, blending traditional trading card game elements with cutting-edge digital gaming. Players are immersed in a universe where play-and-earn features are integrated, set against a backdrop of interstellar exploration and societal development. Central to the game are the Parallel NFTs, digital assets that define the game’s factions or “Parallels.” These NFTs play a critical role in gameplay, as players construct decks to compete against each other.
To participate in Parallel, players must assemble a complete deck from one of the Factions, consisting of 40 cards, including Faction-specific and Universal cards. Universal cards can be utilized in any deck, with a deck able to contain up to three copies of a card, but only one Legendary card. The objective of the game is to reduce your opponent’s health from 30 to 0. Each card, a unique 3D art piece crafted by the game’s artists, is an ERC-1155 Digital Collectible on the Ethereum network. While owning Digital Collectibles is not mandatory to play, it provides an opportunity to earn PRIME, the game’s governance token.
The Parallel team recently launched the open beta of the game at the end of February, accompanied by a game update that introduced gameplay enhancements and new content. Confident in the game’s balance and preparedness for a wider audience, the developers have outlined the upcoming Open Beta Season 2: Void-forged Oath, beginning on April 1st @ 00:00 UTC. This new season will introduce a battle pass featuring a unique Shroud Legendary card, Argoel’s Fealty, along with exclusive cosmetics and rewards. The update will also include a new game mode, fixes for previously reported issues, various bug fixes, and details on pending raffles from earlier seasons.
In addition to Parallel, Parallel Studios launched Colony in March, a survival simulation game on the Solana blockchain that incorporates AI technology. This innovative game has quickly captured the attention of gamers. A white paper released on March 14th explains that Colony aims to enhance AI utilization in blockchain gaming by introducing AI agents that learn and evolve, creating distinct personalities and viewpoints.
Parallel has emerged as a leading player in the world of sci-fi NFT card games, combining innovative gameplay features with the latest advancements in blockchain technology. With its successful funding round and plans for expansion, Parallel is poised to continue captivating players and pushing the boundaries of gaming in the metaverse.