About Faraway
Faraway is a company based in Miami (United States) founded in 2021 by Dennis Zdonov and Alex Paley. Faraway has raised $29 million across 2 funding rounds from investors including FTX, Solana and Lightspeed Venture Partners. Faraway offers products and services including Faraway Shop, Developer Portal, Secondary Marketplace, and UGC Tools. Faraway operates in a competitive market with competitors including Animoca Brands, Dapper Labs, Jambo, Sky Mavis and Enjin, among others.
- Headquarter Miami, United States
- Founders Dennis Zdonov, Alex Paley
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Sectors
TechnologyMedia & Entertainment Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Faraway Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$29 M (USD)
in 2 rounds
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Latest Funding Round
$21 M (USD), Series A
Nov 04, 2021
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Investors
FTX
& 6 more
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Employee Count
Not available
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Products & Services of Faraway
Faraway offers a comprehensive portfolio of products and services, including Faraway Shop, Developer Portal, Secondary Marketplace, and UGC Tools.
Enables buying and trading of in-game assets
Facilitates web3 integration for game creation
Allows players to trade game items securely
Supports creators in making and selling game assets
People of Faraway
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Funding Insights of Faraway
Faraway has successfully raised a total of $29M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $21 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Faraway
Faraway has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include FTX, Solana and Lightspeed Venture Partners.
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Sequoia Capital is engaged in venture capital investments.
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Investor details for Faraway
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Investments & Acquisitions by Faraway
Investment portfolio details for Faraway
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Financial Statements - Faraway
Detailed financials for Faraway
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Faraway Comparisons
Peer comparison for Faraway
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Competitors of Faraway
Faraway operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Animoca Brands, Dapper Labs, Jambo, Sky Mavis and Enjin, among others.
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Blockchain-based PC and mobile games are developed and published.
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Blockchain-based games developer for PC and console
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Web3 mobile infrastructure solutions are developed for a super app.
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Blockchain-based NFT games are developed for strategy and role-playing genres.
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Virtual assets are created via a blockchain-based gaming platform.
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Spatial is focused on creating immersive virtual experiences.
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Detailed competitors of Faraway
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Latest news on Faraway
Complete news archive for Faraway
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Frequently Asked Questions about Faraway
Faraway was founded in 2021.
Faraway is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Faraway is a funded company, having raised a total of $29M across 2 funding rounds to date.
Faraway was founded in 2021 and is based in Miami, United States. A blockchain-based platform is maintained, focused on the gaming sector. Development tools for creating games are offered, including open economy titles like Mini Royale Nations. Services such as NFT minting, a creator suite, and new heroes for integration in Mini Royale games are also provided to support creators and users.
Faraway's top competitors include Animoca Brands, Dapper Labs and Sky Mavis.
Faraway offers Faraway Shop, Developer Portal, Secondary Marketplace, and UGC Tools.
Faraway has 7 investors. Key investors include FTX, Solana, Lightspeed Venture Partners, Andreessen Horowitz, and Sequoia Capital.