Halliday brings $6M for ‘Buy Now, Pay Later’ Ethereum NFTs

Web3 development company Halliday has reached $6M in a new seed session directed by Andreesen Horowitz to transform how players purchase while using digital products into an in-game reality as more development studios search to integrate digital products and gems into their characteristics.

Griffin Dunaif, the founder of Halliday, stated during a press conference that they began collaborating in November. As such, employees created their demos and pushed that to Andreessen, who was impressed.

SV Angel A.Capital, Hashed, and many other business angels have joined a16z during the $6M round.

Halliday, which also shares its title with Ready Player One’s main character James Halliday, was unveiled in November of last year by Griffin Dunaif and Akshay Malhotra. It allows video game players to “start a game now, charge later.” Halliday’s goal is to create in-game transactions and NFT evidence of possession more cost-effective and comfortable for video game players who may be put off by the inflated prices of NFTs in their gameplay.

Founder Malhotra stated that they intend to create a game and virtual world NFTs quite approachable to gamers, so they must not be costly. They enable the customers to compensate over a period and access their NFT.

Halliday asserts it will begin testing its crypto video game called “League of Kingdoms” within the coming weeks, with an initial announcement this year.

How can Halliday afford to do that?

According to Malhotra, Halliday grants gamers control of the NFT online markets. Without abandoning the video game, gamers can choose a virtual collector’s item and purchase it immediately, or they could work out a financing proposal with Halliday.

Purchase now, charge later initiatives are a relatively new addition to the thriving play-to-earn video games sector. Teller, a DeFi payment system, initiated its Ape Now, Pay For it later provider for NFTs steadily for the past month, which performs on Ethereum leveling system Polygon.

Halliday integrates with video games or online stores as an alternate payment method on the payment page. However, except for conventional accessible installment facilities, Halliday provides the player full access to that NFTs.

He stated that a player who falls behind on payment transactions may have a more challenging time using Halliday’s services down the road and would be less inclined to receive approval. However, he stated that borrower defaults would not have the same impact on a person’s credit history as loan defaults on borrowed funds.