Moonveil Entertainment Raises $5.4 Million in Seed Funding
Moonveil Entertainment, a web3 gaming studio, has secured a $5.4 million seed investment round led by Gumi Cryptos Capital and Arcane Group. Other contributors include Longhash, IOSG, and Infinity Ventures Crypto.
About Moonveil Entertainment
Moonveil Entertainment was established in late 2022 and is made up of industry experts with experience at companies like Riot Games and Tencent. The studio is currently working on two major projects: Astrark, a tower defense mobile game, and Project B, a multiplayer strategy game.
A Player-Centric Approach
Moonveil aims to create a gaming environment that prioritizes player choice and freedom. The company believes that gamers should have the freedom to choose their games without being limited by platforms or hardware. Moonveil advocates for a player-centric approach in its official statement.
The Role of Tokenomics and NFTs
Moonveil recognizes the importance of tokenomics and non-fungible tokens (NFTs) in modern gaming. The company believes that these technologies can accurately track players’ contributions to the gaming ecosystem. Moonveil plans to offer compensation that reflects these contributions in a flexible and immutable manner.
Valuation Not Disclosed
Following the funding round, Moonveil Entertainment has chosen not to disclose its current valuation.
Hot Take: The Future of Blockchain Gaming in Asia
Moonveil Entertainment’s successful seed funding round highlights the growing interest in blockchain gaming in Asia. With experienced industry professionals at the helm, Moonveil is poised to make a significant impact on the gaming industry with its player-centric approach and emphasis on tokenomics and NFTs. As the popularity of blockchain technology continues to rise, more gaming studios are likely to follow Moonveil’s lead, creating innovative gaming experiences that empower players and leverage the benefits of blockchain. The rise of blockchain gaming in Asia has only just begun, and Moonveil Entertainment is at the forefront of this exciting movement.
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