Farcana Raises $10 Million in Seed Funding for Blockchain Game Development
The Farcana team has secured $10 million in seed funding from investors including Animoca Brands, Polygon Ventures, Fenbushi Capital, Merit Circle, and others. The funding will be used to further develop Farcana, a third-person multiplayer shooter game set in a near-future world where players with superpowers compete in an ongoing tournament. The game features smaller maps and game modes similar to Overwatch and Valorant. Farcana plans to incorporate blockchain elements such as NFTs and a play-to-earn feature that rewards top players with Bitcoin. All in-game items will be represented as NFTs, and transactions will be conducted using the FAR token.
Investors Believe in the Potential of Farcana
The investors expressed their confidence in the potential of Farcana. Clarence Zhou from Fenbushi Capital stated that Farcana has the potential to become an iconic blockchain game that attracts new users to the Web3 ecosystem. Yat Siu, co-founder and chairman of Animoca Brands, praised Farcana’s development progress and traction so far.
Partnership with Polygon and Upcoming NFT Mint
Farcana will utilize Ethereum scaling network Polygon for its gameplay. The game is also planning a free mint for “Mars Enigma Vault” NFTs on December 19. Animoca Brands previously announced its strategic investment in Farcana to support its development and planned free Bitcoin Ordinals mint. The game will operate under a free-to-play model with optional battle passes, NFTs, and crafting features.
The Vision for Farcana in the MENA Region
Animoca Brands sees its investment in Farcana as part of its vision to drive Web3 development in the MENA region. The company believes that the region’s rapid modernization and adoption of emerging technologies make it an exciting market for innovative products like Farcana.
Hot Take: Farcana Aims to Revolutionize Blockchain Gaming
Farcana’s $10 million seed funding marks a significant milestone in the development of its blockchain-based multiplayer shooter game. With support from prominent investors and partnerships with Polygon, Farcana has the potential to redefine the gaming industry by introducing play-to-earn mechanics and NFT integration. By offering a unique gaming experience and rewarding players with Bitcoin, Farcana aims to attract a wide audience and contribute to the growth of the Web3 ecosystem.
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