Core Loop raises $12M to develop sandbox MMO with blockchain

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.