Pantera, Animoca Brands Co-Lead $10M Investment in Metaverse Game Studios

Blockchain game development studio Metaverse Game Studios has raised $10 million in a funding round co-led by Pantera Capital, Animoca Brands, Solana Ventures and Everyrealm. Other investors included OKX Blockdream Ventures, Mechanism Capital, Morningstar Ventures, Huobi Ventures and Shima Capital.

• The company’s flagship game, Angelic, is a turn-based strategy combat game where the player is a “unique neo-human” who meets and collaborates with companions along the way.
• Angelic has non-fungible token (NFT) items, including ships and cosmetic items, and a decentralized autonomous organization (DAO) mechanism to give players community governance over the game and intellectual property, according to the website.
• "Angelic is building a massively multiplayer metaverse with a deep gameplay layer enriched by a sophisticated backstory. We believe this is the right approach to help bridge the divide between blockchain games and AAA titles," said Animoca Brands co-founder and Executive Chairman Yat Siu in the press release.

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