SkyArk Studio, a developer of blockchain-based video games, has secured $15 million from over 40 investors in its latest funding round.

In an X announcement on Jan. 12, SkyArk Studio said the funding was led by Binance Labs, with the participation of 40 institutions, including LayerZero CEO Bryan Pellegrino, and Tangent Ventures co-founder Darryl Wang.

While the firm did not elaborate on who it plans to use the proceedings from the round, this appears to be the second time Binance backs the video game developer. In late 2021, Binance Labs included the Singapore-based blockchain gaming studio in its incubation program. It is unclear if Binance backed SkyArk Studio financially or through mentorship at the time, however.