Paramount Capital
Room C, 10/F, King Palace Plaza 55 King Yip Street, Kwun Tong, Kowloon, Hong Kong
Overview
Paramount Capital is a proprietary trading and venture firm that operates based on a well-defined investment thesis.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Cryptocurrency
- Decentralized Finance (DeFi)
- Venture Capital
Investment portfolio
- Ascenders
Led · Equity · Mar 2022
Ascenders is an upcoming AAA action role-playing game being developed by Legendary Foundry Games that combines traditional high-end game design with blockchain mechanics. Set in a sci-fantasy open world, the title lets players choose among multiple economic “lanes” (Explorer, Fighter, Builder), own their in-game assets as NFTs, and participate in a self-sustaining, player-run economy. The development team includes veterans from Activision, Rockstar North, Ubisoft, and Electronic Arts who have shipped blockbuster franchises such as Call of Duty, Grand Theft Auto, and Marvel’s Avengers. The company plans to use Avalanche’s Subnet technology to deliver richer on-chain gameplay features and frictionless user experiences. Fresh capital will be deployed to expand the studio’s roster of world-class developers and accelerate production toward launch, while community-building events are slated for the coming months. To date, Ascenders has raised US$6.4 million, giving it financial runway to scale game development and marketing efforts ahead of its Web3 release.
Team
No current team members are available.