blockchain, accelerator, MouseBelt, startup, stardust

MouseBelt Accelerator Alumni Stardust raises $5 million for NFT project

Ahead of its slated Nov. 1 launch date, Stardust announced Sept. 20 they raised $5 million for an nonfungible token project. The company, a software platform focused on infusing video games with crypto functionality and security, said in a blog post that the money raised will go to enabling players in games to buy NFTs with U.S. dollars.

Canaan Linder, an indie game developer, started Stardust in 2018. Currently, there are 20 games in beta testing right now, including Star Atlas, a Solana-based grand strategy game of virtual space exploration. Stardust enables these companies to launch scalable in-game economies with blockchain security and fiat payments.

Linder told VentureBeat that he believes devs shouldn't have to know everything about blockchain to build a game with it and said he wants customers to be able to put an NFT in a game in 15 minutes.

Linder and Stardust are alumni of the MouseBelt Accelerator - Class 1. "MouseBelt has helped Stardust move our company from the idea phase to conceptualizing our product and getting ready to go to market," Linder said of his time at the Accelerator. "To this day they are supportive of Stardust long after participating in their accelerator program."

The most recent $5 million of funding for Stardust came from several places, the largest chunk from Framework Ventures and Michael Anderson. Other investors include Blockchain Capital, Distributed Global and several more.

The company has 15 employees and has raised $6.7 million to date.

As NFTs continue to rise in popularity, more and more companies are getting involved in the space. Most recently, a popular meme called “Side-eyeing Chloe” sold as an NFT for more than $74,000.

A graphic designer from Charleston, S.C., known professionally as Beeple, sold an NFT in early 2021 for $69 million.

While early in their life, NFTs were thought of as “digital artworks” — paintings and the like — more recently, creators and entrepreneurs are creating all sorts of items that can be bought and sold on the blockchain, both tangible and intangible.

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About MouseBelt
MouseBelt is an ecosystem promoting blockchain innovation by supporting hands-on development of the emerging projects and leaders in the industry. The leaders they support are:
Startups - MouseBelt accelerator supports early-stage companies with capital and in-kind investments;
Builders - MouseBelt Engineering supports developers and projects with open-source tools and a development shop; and
Community - its media and university projects encourage newcomers to get involved with blockchain.

About Stardust
Stardust is building the metaverse - an interconnected world of games enabled by blockchain and NFTs.
We started in 2018 with a vision that games will be a part of a broader connected ecosystem. In this metaverse, players can use their swords within multiple games, trade Runescape gold on the stock market, and post their latest quest to Facebook.
Today, we offer an easy-to-use platform to build your game in the metaverse.

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About MouseBelt Team

MouseBelt is an ecosystem promoting blockchain innovation by supporting hands-on development of the emerging projects and leaders in the industry. Startups. Builders. Community.