Tencent led a $26m Series A funding round in Mod.io.

Tencent led a $26m Series A funding round in Mod.io, a video games developer, with participation from LEGO Ventures, OIF Ventures and existing investors Makers Fund, Play Ventures, Sequoia Capital. “The metaverse will be built with UGC as foundational components. Player-made content, hand in hand with professional content, made by game studios. Our goal at mod.io is to enable games to launch their own creator economy, providing studios with the building blocks wanted and needed by players,” Scott Reismanis, mod.io CEO and Co-Founder.