Parallel develops an NFT card game that integrates NFTs, augmented reality (AR), and physical cards. The game is built on a science-fiction background and lets users purchase and collect cards using tokens. The company's product combines digital ownership with AR experiences and tangible collectibles. According to the article, Parallel completed a $35 million financing described as a strategic investment. Participating investors named include Solana Ventures, Distributed Global, OSS Capital, VanEck, and Focus Labs. The article does not disclose revenue, user metrics, valuation, or prior funding details. Parallel is a sci‑fi card game built on the Ethereum blockchain that uses realistic, science‑fiction–styled NFT cards. The platform’s core product today is NFT pack drops and an on‑chain marketplace; the playable game layer has not yet been released and early funding has been used to build it out. Parallel operates its own drop system and takes a 10% royalty on secondary NFT sales, with half of that directed to in‑game prize pools and the remainder to the company. After its first pack drop in August the platform did nearly $105 million in transaction volume (per CryptoSlam) and one “Masterpiece” card sold for $1.1 million in ETH; sales declined to just over $11 million in September. The company is preparing another drop and is focused on balancing rarity-driven secondary-market dynamics with accessibility for new players.

Total raised

$85M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2024