Seattle’s Neon Machine Secures $20 Million in Funding for Blockchain-Integrated Shooter Game
Seattle-based game studio Neon Machine has received $20 million in Series A funding led by Polychain Capital. Other participants in the funding round include Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures. The funding will be used to further develop “Shrapnel,” a first-person shooter game.
Neon Machine’s Journey to Independence
Originally a part of HBO Interactive, Neon Machine has since become an independent studio and has raised a total of $37.5 million in funding. The company currently has over 70 employees and has expanded its portfolio to include comic books and a PFP NFT collection.
The Unique Features of “Shrapnel”
“Shrapnel” aims to offer a combination of solo and team-based gameplay, with a focus on user-generated content (UGC). Players will have the ability to create in-game items using the studio’s technology, which can then be turned into NFTs. The integration of blockchain technology for asset ownership is a relatively unexplored concept in gaming.
Potential Challenges and Investor Confidence
While the use of blockchain and NFTs in “Shrapnel” presents exciting opportunities, it also raises concerns about accessibility for players unfamiliar with these technologies. Additionally, the volatility of the crypto market could pose risks to the in-game economy. However, the recent funding round indicates investor confidence in Neon Machine’s vision and the potential of combining blockchain technology with gaming.
Neon Machine now faces the challenge of successfully integrating blockchain technology into its game while ensuring it resonates with the broader gaming community. Only time will tell how they navigate these complexities and whether “Shrapnel” becomes a hit among gamers.
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