Former Riot Games Executives Raise $55 Million for New Game Studio, The Believer Company
A new game studio called The Believer Company has raised $55 million in Series A funding, led by Lightspeed Ventures and supported by Andreessen Horowitz, Riot Games, Tornante Company, and Bitkraft Ventures. The studio was founded by former executives from League of Legends maker Riot Games, and despite being backed by prominent Web3 investors, The Believer Company has made it clear that they are not interested in NFTs.
In a statement, The Believer Company’s co-founder and Chief Product Officer Steven Snow made a biting allusion to the online joke among NFT haters that the acronym actually stands for “no fucking thanks”—rather than “non-fungible token.” Snow stated, “It is our privilege to have the opportunity to create games that are accessible to everyone, regardless of their financial situation. We believe that NFTs are not the way to achieve this goal, and we are saying ‘no fucking thanks’ to them.”
The Believer Company plans to use the funding to develop games that are free-to-play and accessible to everyone. The studio’s focus is on creating games that are fun, engaging, and inclusive, without relying on NFTs or other blockchain-based technologies.
The funding round was a major success for The Believer Company, and the studio’s founders are excited to begin work on their first game. “We are thrilled to have the support of such amazing investors, and we can’t wait to show the world what we can do,” said Snow. “We believe that games should be for everyone, and we are committed to creating games that are fun, engaging, and accessible to all.”
