Art for Core Loop's first game.
Art for Core Loop's first game.
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Core Loop raises $12M to develop sandbox MMO with blockchain

  • Posted byby Dean Takahashi
  • Updated
  • 6 min

New game studio Core Loop has raised $12 million to develop a sandbox massively multiplayer online game using blockchain technology.

The company was started last year by mobile game veterans Vincenzo Alagna and Dan Chao. They fired up Core Loop and raised $2.4 million, but they didn’t talk about the blockchain part at the time. Since then, that part of the industry has exploded. Their MMO will have a player-driven economy, a dynamic changing world, and some blockchain components as well.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.