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Parallel Studios Secures $35M in Funding for Ethereum NFT Game Parallel and AI-Powered Colony

Parallel Studios, the startup behind the popular Ethereum NFT card-battler game Parallel, has announced a successful funding round, raising $35 million from major firms in the crypto industry and notable angel investors. The funding comes from prominent names such as investment management giant VanEck, Solana Ventures, the Base Ecosystem Fund, Collab + Currency, and The Spartan Group. This latest round of funding follows Parallel's previous raise of $50 million from Paradigm in 2021, which valued the studio at $500 million. The studio intends to expand its user base by onboarding more players through the Parallel Ambassadors program and engaging influencers.

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