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You are at:Home » LightningWorks Raises $2.5M in Seed Funding
Investment & Funding

LightningWorks Raises $2.5M in Seed Funding

LightningWorks aims to preserve the magic of comics in the digital realm and revolutionize storytelling while reshaping the future of entertainment.
Ravi KumarBy Ravi KumarJune 12, 2023Updated:June 13, 2023No Comments3 Mins Read
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LightningWorks Raises $2.5M in Seed Funding
LightningWorks Founder, Geoff McCabe
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LightningWorks, the company merging comic books with interactive games and NFTs, secures $2.5 million in seed funding to launch the world’s first NFT comic book. LightningWorks aims to preserve the magic of comics in the digital realm and revolutionize storytelling while reshaping the future of entertainment.

LightningWorks Transforms Comic Books into Interactive Digital Adventures

LightningWorks, a company focused on combining comic books with interactive games and NFTs, has announced that its founder, Geoff McCabe, has invested $2.5 million in seed funding to bring his vision to life. After self-funding the company since 2020, LightningWorks says that it is now prepared to launch the world’s first NFT comic book.

McCabe believes that the excitement of owning limited-edition storytelling art remains as exhilarating as it was in his childhood. However, with the increasing digitization of the world, there is a risk that collectible comic books may fade into obscurity. To prevent this, McCabe has dedicated his life savings to preserve the magic of comic books in the digital realm.

By digitizing legendary characters and immortalizing comic books as NFTs, LightningWorks aims to safeguard their cultural significance and revolutionize storytelling.

The comic book industry, including manga, is experiencing a 16% compound annual growth rate (CAGR), with a global market size exceeding $10 billion. McCabe’s project is timely, as the consumption habits of fans are changing and the chance to collect unique physical items is diminishing. The business of comics is much larger than commonly known, with sales exceeding $10 billion per year and the overall value of characters, movies, toys, and merchandise surpassing $200 billion.

LightningWorks says that it is redefining comics and manga in the digital age by introducing interactive comic book NFTs connected to play-to-earn (P2E) gaming. Their first offering, Siege Worlds Zero, merges the classic comic genre with gameplay, allowing readers to solve puzzles, engage in battles, and share adventures in a heroic digital world.

Owners of Siege Worlds Zero or the “LightningWorks Portal” can influence story outcomes, create their own comics using a Derivative IP License, and own unique digital collectibles within the comic universe. Each NFT holds intrinsic value and can be traded, sold, or showcased within the LightningWorks ecosystem.

The platform also empowers artists, writers, and creators by leveraging AI technology to bring their visions to life, monetize their creations, and directly connect with their audience.

LightningWorks aims to foster a community where creativity flourishes and artistic expression knows no bounds, reshaping the way stories and entertainment are experienced.

With unique deflationary NFT tokenomics called Forging, LightningWorks allows users to combine multiple comics to create rarer tiers, simulating the diminishing supply of physical paper comics and increasing the inherent collectibility of digital counterparts.

Read Also: Big-Name Creators Make Emergents Comic Book Series A Masterpiece

Comics LightningWorks NFTs Seed Funding
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Ravi Kumar
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Ravi is Founder and Chief Content Officer of AlexaBlockchain. He writes about everything at the cross-section of blockchain, crypto, AI, markets, and the economy. Ravi can be reached at ravi@alexablockchain.com

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