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Moonveil Entertainment, the Web3 Game Studio, Secures $5.4 Million in Seed Funding

Moonveil

Moonveil Entertainment, a web3 game studio, has successfully raised $5.4 million in a seed funding round; prominent investors Gumi Cryptos Capital and Arcane Group are leading the charge. The company made this announcement in an official statement released today. Notably, the seed funding round also garnered support from other key investors, including Longhash, IOSG, and Infinity Ventures Crypto.

Moonveil Entertainment, a company composed of industry veterans with prior experience at major players like Riot Games and Tencent, has been operating in stealth mode since its inception in the fourth quarter of 2022. The company is presently developing two exciting projects: Astrark, an immersive tower defense mobile game, and Project B, a multiplayer strategy game.

The company holds a vision for gamers that emphasizes a pure meritocracy approach, ensuring players the freedom to choose the games they want to play without being constrained by specific platforms, channels, or equipment requirements. The company stated in its press release, “For gamers, we advocate for a pure meritocracy approach where they can always have the freedom to choose the games they want to play without being restricted by platforms, channels, or equipment requirements.”

The company firmly believes that gamers should receive compensation that accurately reflects their contributions, and they plan to track these contributions alongside their identity meticulously. This tracking will be done in a flexible, composable, and immutable manner, accommodating various preferences, whether it’s spending, grinding, or promoting. Moonveil Entertainment sees tokenomics and NFTs as playing pivotal roles in a player’s journey, helping to create a fair and rewarding gaming ecosystem.

Moonveil’s Valuation Remains Undisclosed

While Moonveil Entertainment made an exciting announcement about its recent seed funding success, the company has chosen not to disclose its valuation at this time. This leaves room for anticipation and speculation in the dynamic world of web3 gaming.

In summary, Moonveil Entertainment is making significant strides in the web3 gaming industry, and with the backing of investors like Gumi Cryptos Capital and Arcane Group, the company’s vision for a pure meritocracy approach and the role of tokenomics and NFTs in gaming could shape the future of the gaming world.

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