John Smedley Raises $30.5M For New Game On Etherlink

John Smedley, a gaming industry veteran and former CEO of Daybreak Game Company (formerly Sony Online Entertainment), is making his first foray into Web3 gaming with a new AAA shooter featuring Tezos layer-2 (L2) blockchain Etherlink.

The Smedley-led Distinct Possibility Studios (DPS) has raised $30.5 million in a funding round led by the gaming-focused venture capital firm Bitkraft and the European hedge fund management company Brevan Howard, according to a statement shared with Cointelegraph on Thursday.

The funds will be used to develop its new…