Eterlast, a Barcelona-born, London-based Web3 gaming company, has gone out of stealth mode and raised $4.5 million in a funding round led by Supernode Global (also invested in Howbout), with participation from Play Ventures, Active Partners, Founders Factory, Stake Capital, and Immutable X.
The Spanish company will use the funds to acquire users and grow brand partnerships as it establishes thriving and sustainable communities in the next 12 months.
Joan Roure, CEO and founder of Eterlast says, “We are embarked on a mission, building the bridge for the next billion fans to enter Web3. We are targeting to consolidate fragmented global sports that tap into hundreds of millions of fans that enjoy their sport regularly. We understand NFTs not as a product but as a technology that enhances the experience of current use cases around gaming, collecting, and experiencing live events. With that view, we are building holistic ecosystems that combine those three elements. This funding will enable us to launch our first officially licensed products and build robust pillars to keep scaling.”
Building Web3 Games
Founded by Joan Roure, a Spanish native who comes from a background of gaming and finance, Eterlast is a Web3 company that builds branded Web3 games by partnering with world-leading media and sporting organisations.
Spun out of Founders Factory’s venture studio, the Spanish company works within two of the largest global sports – boxing and rugby – partnering with Queensberry Promotions.
As a part of the partnership, the company is obtaining the largest boxing archive of fights featuring Mike Tyson, Tyson Fury, and Ricky Hatton, among others.
Eterlast is powered by Immutable X, a scaling solution built with StarkWare’s industry-defining zero-knowledge proof technology.
The Layer 2 solution will ensure these assets remain in a decentralised ecosystem and are secured by Ethereum’s battle-tested security.
This partnership allows renowned sports brands to utilise gasless seamlessly and carbon-neutral NFTs to expand their digital reach and monetise vast libraries of content by creating digital assets for fans without compromising brand protection.
Currently, the company employs around 16 people.
Oli Strong of Supernode Global adds, “We are incredibly excited to be leading Eterlast’s Seed round. The team has done a fantastic job securing impressive partnerships and IP to integrate with their platform. In our view, there is a huge opportunity at the intersection of Sport and Web3, and Eterlast is uniquely positioned to capitalise on this. This is a pivotal point for the company, and we’re delighted to be participating alongside many other specialist investors.”