Moonveil Entertainment Raises $5.4 Million in Seed Funding
Moonveil Entertainment, a web3 game studio based in the Cayman Islands, has secured $5.4 million in a seed funding round. The investment was led by Gumi Cryptos Capital and Arcane Group, with participation from Longhash, IOSG, and Infinity Ventures Crypto.
About Moonveil Entertainment
Moonveil Entertainment is a newly established company that has been operating in stealth mode until now. The leadership team consists of industry veterans formerly with Riot Games and Tencent. The company is currently developing two games: Astrark, an immersive tower defense mobile game, and Project B, a multiplayer strategy game.
A Pure Meritocracy Approach
Moonveil Entertainment advocates for a pure meritocracy approach in gaming. They believe that gamers should have the freedom to choose the games they want to play without being restricted by platforms, channels, or equipment requirements. The company aims to compensate gamers based on their contributions, which will be meticulously tracked alongside their identity. This approach incorporates tokenomics and NFTs to enhance a player’s journey.
No Valuation Disclosed
Moonveil Entertainment did not disclose its valuation as part of the funding announcement.
Hot Take: Moonveil Entertainment’s Vision for a Meritocratic Gaming Experience
Moonveil Entertainment’s seed funding round demonstrates investor confidence in the company’s vision for a meritocratic gaming experience. By advocating for freedom of choice and fair compensation based on contributions, Moonveil aims to create an inclusive gaming ecosystem. With its experienced leadership team and focus on developing immersive games, Moonveil has the potential to disrupt the gaming industry and redefine the relationship between players and game developers.
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