PANews reported on March 7 that according to TechCrunch, Believer, a gaming startup founded by former Bitcoin mining company Riot executives Michael Chow and Steven Snow, has completed a $55 million financing round led by Lightspeed Venture Partners, with participation from Andreessen Horowitz (a16z), Bitkraft Ventures, Riot Games, 1Up Ventures, Don Thompson's Cleveland Avenue and Michael D., etc.

Believer will first develop original IP, narrative and technical games. Believer founder said it is unlikely to launch any products within 3-5 years. Steven Snow said the company hopes to do more with generative AI.