News Report
August 05, 2022

Halliday raises $6M to launch a payment solution for in-game NFTs

Halliday raises $6M to launch a payment solution for in-game NFTs

Web3 startup Halliday raised $6 million in a seed round led by top crypto investor a16z. The company is launching a solution that enables ownership of game and metaverse NFTs through later payments, thus making blockchain gaming more accessible to a broader audience.

Besides a16z, participants included a_capital, Hashed, Immersion Partners, Sabrina Hahn, SV Angel, and others. The firm was advised by Web3 experts, such as Stanford professor Dan Boneh.

Play-to-earn and blockchain gaming are becoming more popular, yet they often have high entry barriers. Players must purchase NFTs to begin playing and need to spend some extra money on upgrades. Platforms such as Halliday allow users to start playing immediately and pay for the asset later or in parts.

Halliday, founded by Akshay Malhotra and Griffin Dunaif last November, integrates with blockchain games and NFT marketplaces and ensures secure ownership and overtime payments for players without hidden fees. The company is implementing the “buy now, pay later” system so that players can pay off their assets as they’re earning in-game. 

Halliday is introducing new partnerships and integrations with gaming companies and marketplaces. First, the platform is launching in a beta stage with a blockchain strategy game, League of Kingdoms, and the official rollout is planned for the end of this year. 

“Our mission is to build the economic infrastructure for this blockchain-based network of games and virtual spaces—digital civilization—and empower its citizens with ownership, choice, and open access,” Halliday wrote on Twitter.

Halliday’s approach is similar to that of Unitbox, which aims to improve the traditional NFT rental system by providing collateral-free NFT rentals through rent-to-earn.

Read related posts:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

More articles
Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

Hot Stories
Join Our Newsletter.
Latest News

Supply and Demand Zones

Cryptocurrency, like any other currency, is a financial instrument based on the fundamental economic principles of supply ...

Know More

Top 10 Crypto Wallets in 2024

With the current fast-growing crypto market, the significance of reliable and secure wallet solutions cannot be emphasized ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Binance Unveils Launchpool Project Ethena for BNB, FDUSD and TUSD Staking
News Report Technology
Binance Unveils Launchpool Project Ethena for BNB, FDUSD and TUSD Staking
March 29, 2024
Parcl Unveils Tokenomics Ahead of PRCL Launch, Allocates 75M Tokens to Point Holders
News Report Technology
Parcl Unveils Tokenomics Ahead of PRCL Launch, Allocates 75M Tokens to Point Holders
March 28, 2024
Circle to Introduce Native USDC On zkSync Network for Enhanced Liquidity
News Report Technology
Circle to Introduce Native USDC On zkSync Network for Enhanced Liquidity
March 28, 2024
GoPlus Report Unveils How Utilization of API Security Data by Blockchain May Communities May Aid in Addressing Web3 Threats
News Report Technology
GoPlus Report Unveils How Utilization of API Security Data by Blockchain May Communities May Aid in Addressing Web3 Threats
March 28, 2024
What You
Need to Know

Subscribe To Our Newsletter.
Daily search marketing tidbits for savvy pros.