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Versed: The AI-Powered RPG Creator
Generative AI has been a major buzzword in recent times. The ability to create fresh content from a simple prompt raises several societal and ethical questions, but it also opens doors to businesses that were impossible just 12 months ago. Venture capitalists have injected large amounts of money into generative AI startups, and some investors have launched dedicated funds specifically for it. European startup Versed is one of such companies and it allows anyone to create their own role-playing game (RPG) using text-based stories and instructions.
Versed claims that its AI interprets the narrative and assigns characters and locations from an in-house database to create immersive worlds. The company, founded just four months ago by CTO Cat Burton and CEO Robert Gaal, recently raised €1.6 ($1.7 million) in pre-seed funding led by Google’s Gradient Ventures. As the business prepares to scale from early-alpha to a full-fledged commercial product next year, Versed hopes to revolutionize game development by allowing storytellers to generate a 3D immersive game just by writing a story.
Breaking Down the Content
Generative AI and its Investment
Generative AI has become a buzzword in recent times. It opens doors to several businesses and raises various societal and ethical questions. Venture capitalists have invested a lot of money in generative AI startups, and some investors have launched dedicated funds specifically for it. Microsoft-backed OpenAI and ChatGPT have been the major drivers of generative AI in recent times.
Versed’s Mission
Versed allows anyone to create their own RPG using text-based stories and instructions. The company claims that its AI interprets the narrative and assigns characters and locations from an in-house database to create immersive worlds. Versed aims to remove all technical and design know-how from game development and allow storytellers to focus on what they know best.
Versed’s Team and Funding
Versed was founded just four months ago by CTO Cat Burton and CEO Robert Gaal. The company recently raised €1.6 ($1.7 million) in pre-seed funding led by Google’s Gradient Ventures. The company has a remote-first team of seven people spread across the U.K., Denmark, Bulgaria, and the U.S.
Versed’s Technology
Under the hood, Versed uses a combination of LLMs and its own algorithms to match assets and build worlds. Versed uses OpenAI’s GPT-4, and the platform is engineered to switch to a different LLM should a suitable language model arrive on the scene. Versed leans on the Unity game engine for gameplay, which will allow games to be played on various platforms. Versed’s attempt to let creators generate an entire RPG through a story alone — zero coding — could take things to the next level.
Versed’s Target Market and Business Model
Versed is targeting creators that are already active in the worlds of interactive storytelling. The company is focusing on role-playing games first because it is a well-established format for storytelling. Versed is looking at a subscription-based model where gamers subscribe to individual creators or types of adventures, with Versed taking a cut.
Conclusion
Versed is a promising startup that is looking to disrupt the game development industry by allowing anyone to create their own RPG using text-based stories and instructions. With Google’s Gradient Ventures investing in Versed, the company is well-positioned to take on the competition and change how games are developed. With Versed, storytellers can focus solely on writing their stories, while the platform handles everything else. While the company may face challenges in developing its own assets to match with stories, the potential for something revolutionary is undeniable.
FAQ
What does Versed do?
Versed allows anyone to create their own role-playing game (RPG) using text-based stories and instructions. The company claims that its AI interprets the narrative and assigns characters and locations from an in-house database to create immersive worlds.
What is generative AI?
Generative AI is a technology that allows computers to generate content from a simple prompt.
Who invested in Versed?
Google’s Gradient Ventures recently led a pre-seed funding round for Versed.
What is Versed’s business model?
Versed is looking at a subscription-based model where gamers subscribe to individual creators or types of adventures, with Versed taking a cut.
What is the ultimate end-goal for Versed?
The company plans to generate its own in-game assets using generative AI, allowing users to create their own assets rather than relying on a library of characters and scenes created in-house at Versed.
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