Investing in PLAI Labs | Andreessen Horowitz

Date:

Share post:


Within every era of technology, the most talented entrepreneurs have taken unsolved problems and open questions and turned them into businesses.

In the early 2000s, the biggest open questions were social: how do you take a read-only interface and allow people to write to it, making it interactive and personal? In the 2010s, the possibility space opened up as mobile proliferation grew: suddenly, the questions were around what you could do when everyone had a device you could use to communicate, make micropayments, and play games.

Today, we have two new computing technologies reaching production scale: AI and crypto. We’re already seeing some of the most talented entrepreneurs in the world beginning to explore what can be unlocked when you use the two technologies.

That’s why we’re thrilled to announce our investment in PLAI Labs, founded by Chris DeWolfe and Aber Whitcomb, technology veterans who previously were the founders of both the social media platform MySpace and the game studio Jam City.

MySpace, founded in 2003, was one of the first social networks to reach a global audience of millions of users. Jam City is best known for mobile games like Cookie Jam, Harry Potter: Hogwarts Mystery, and Disney Emoji Blitz. With over 30 million monthly active users, billions of downloads, they’re one of the most successful game studios in the industry.

Chris and Aber have been at the forefront of past eras of technology, and now they are laser-focused on the future.

PLAI Labs, Chris and Aber’s new venture, is focused on building the next generation of social platforms leveraging AI and web3. With their shared experience in social media, game design, and technology they are creating a new platform for users to play, talk, battle, trade, and adventure together.

Their first entertainment experience is a game built on the platform, Champions Ascension, a massively multiplayer online role playing game (MMORPG) where players can port in their existing non-fungible token (NFTs) characters, go on quests, trade items, fight in the colosseum, build their own custom dungeons and more. They’re also building an AI protocol platform which will help with everything from user generated content (UGC) to matchmaking to 2D to 3D asset rendering.

We believe that the future of social networks begins with games, and the best games have strong communities, enticing core gameplay, and robust meta-progression systems that together define how players interact and socialize with each other. Web3 games in particular have the opportunity to create the decentralized metaverse of the future with their distributed infrastructure and focus on empowering players through asset ownership. Chris, Aber, and their team are one of the best equipped to go after that opportunity.

We’re excited to support their team going forward, and you can see a preview of what they’re building here: https://www.champions.io/

 

***

The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the current or enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; a16z has not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments for which the issuer has not provided permission for a16z to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://a16z.com/investments/.

Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://a16z.com/disclosures for additional important information.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Proxies, Freelancers, and Moscow’s Struggle for Ukraine’ — Meduza

Anna Arutunyan discusses her book, ‘Hybrid Warriors: Proxies, Freelancers, and Moscow’s Struggle for Ukraine’Writer Anna Arutunyan, author...

Top 20 Web Development Companies in India

In the present digital age, websites are regarded as a company’s face, representing its offerings. From MNCs...

We are committed to investing in public toilets

Public toilets in Highbury Crescent • IT’S absolutely vital Islington has good, accessible, public toilets so residents and...