John Smedley Raises $30.5M For New Game On Etherlink

July 3, 2025

, By Cointelegraph

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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 data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/bitkraft-launches-275-m-gaming-fund-web3-total-managed-assets-1-billion” title=”null”>gaming-focused venture capital firm Bitkraft and the data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/how-hedge-funds-are-making-major-moves-in-the-crypto-market” title=”null”>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…

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John Smedley Raises $30.5M For New Game On Etherlink

July 3, 2025

, Published By Cointelegraph

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 data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/bitkraft-launches-275-m-gaming-fund-web3-total-managed-assets-1-billion” title=”null”>gaming-focused venture capital firm Bitkraft and the data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/how-hedge-funds-are-making-major-moves-in-the-crypto-market” title=”null”>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…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Building Sustainable Futures: Gohemp Transforms Crop Waste into Livelihood and Low-Carbon Homes

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