PANews reported on February 5 that according to The Block, decentralized gaming infrastructure platform Beamable completed a US$13.5 million Series A financing round led by Bitkraft Ventures, with participation from Arca, Advancit Capital, 2Punks, P2 Ventures, Solana Foundation, Scytale Digital, defy.vc, GrandBanks Capital and Permit Ventures.

The new round of funding is intended to accelerate the development and expansion of the Beamable Network, a decentralized physical infrastructure network (DePIN) that aims to change the way gaming backend infrastructure is built and operated.