What investors need to know about PLAI Labs project

What is PlaiLabs?

PLAI Labs is a technology company developing the next social platform, using cutting-edge techniques in the fields of Social Media, Game Mechanics and Technology to create products that attract hundreds of thousands of people. million users around the world.

What investors need to know about PLAI Labs project

The main goal of the project is to build a decentralized infrastructure for the digital economy, with transparency and easy access for all. The platform offers a wide range of services such as data storage, computation, and messaging, designed to aid in building and deploying decentralized applications.

In addition to platform development, PLAI Labs continues to research and develop new technologies to improve and expand the platform's features. This is to meet the growing demand for the digital economy and create a global community of users of the decentralized social platform.

Development team

PLAI Labs is a Web3 game company led by Chris DeWolfe and Aber Whitcomb. Both have succeeded in building hit titles like "Cookie Jam" and "Harry Potter: Hogwarts Mystery" at the game company Jam City. In the past, the two have also successfully launched the development of the social network MySpace and run the company for many years. Currently, PLAI Labs focuses on cutting-edge technologies such as Web3, AI, blockchain, games, and NFT. This helps Plai Labs meet the needs of the technology investment community and create breakthrough products on the digital platform.

What investors need to know about PLAI Labs project

Product

PLAI Labs is a Web3 startup founded by Chris DeWolfe and Aber Whitcomb, two experienced leaders in building quality games and having success with MySpace in the past. PLAI Labs focuses on developing products and services for the decentralized digital economy platform, including blockchain, gaming and NFT related products.

What investors need to know about PLAI Labs project

The company's first product was a metaverse called Massina, developed by a team of 50 people, which included a blockchain-first game called "Champions Ascension". This game is a massively multiplayer online role-playing game (MMORPG), allowing the player to choose from a variety of character classes and abilities to fight in the large-scale colosseum, perform quests, build and compete in custom dungeons and trade in digital items.

What investors need to know about PLAI Labs project

A special feature of "Champions Ascension" is that players can own their character in the form of NFT. PLAI Labs sold the first batch of NFTs in February 2022, and the first users who purchased NFTs were given access to the beta version of the game in September 2022. The company is developing services for allows users to buy, sell, and exchange NFTs and plans to release other products and services on their platform in the future.

According to DeWolfe, PLAI Labs is planning to develop a general AI-based artificial intelligence (like ChatGPT or Midjourney) to assist users in creating and sharing their own digital content in games. For example, collecting information and creating their own characters in the game. DeWolfe said that PLAI Labs aspires to reinvent society from the ground up, rather than relying on a group of content creators on a daily basis, following a model similar to MySpace or Roblox, where communities of players create content.

Investors

A $32 million seed round for Plai Labs ended January 13 with support from Andreessen Horowitz (a16z) . a16z investors, Andrew Chen, Robin Guo and Arianna Simpson, shared that they believe the future of social networking begins with games, which is why they decided to invest in this company. .

Roadmap

The project has not released official information about its development roadmap. We will provide this information to readers if there is official information from PLAI Labs.

Community

Web: https://plailabs.com/

Twitter: https://twitter.com/PlaiLabs

Discord: updating…

Github: updating…

Epilogue

Chris DeWolfe and Aber Whitcomb, the founders of MySpace, founded PLAI Labs to develop a new social networking platform using artificial intelligence and web3 technology. They are focusing on building an MMORPG (massively multiplayer online role-playing game) called Champions Ascension, where players can own and trade non-fungible tokens (NFTs) and build their own dungeon. They are developing an AI protocol platform to support everything from user-generated content (UGC) to splicing to rendering 2D to 3D content. PLAI Labs is backed by Andreessen Horowitz (a16z), which invests in the company because they believe the future of social networking begins with games. This is a promising trend of the cryptocurrency market. Please continue to follow the progress of PLAI Labs.



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