Cointime

Download App
iOS & Android

Chain gaming studio Farcana completes US$10 million in seed round financing, with participation from Animoca Brands and others

Farcana, a blockchain gaming studio, has raised $10 million in seed funding from companies such as Animoca Brands, Polygon Ventures, Fenbushi Capital, and Merit Circle to further develop its third-person multiplayer shooting game. Rarestone Capital, MMPro Trust, Unpopular Ventures, Kapo Capital, Emchain, Hasu Capital, and Dravus Investment also participated in this round of financing.

Farcana's goal is to incorporate blockchain elements into the game, such as tournament features with bitcoin rewards for the top 10% of players. The game is planned to operate in a free mode and offer optional battle passes, NFTs, and crafting features.

Comments

All Comments

Recommended for you

  • Securitize raises $47M in funding led by BlackRock to enhance innovation and expansion in digital asset securities ecosystem

    Miami-based company Securitize, which specializes in tokenizing real-world assets, has raised $47 million in funding. The round was led by BlackRock, with participation from Hamilton Lane, ParaFi Capital, Tradeweb Markets, Aptos Labs, Circle, and Paxos. The funds will be used to enhance the company's innovation and expansion as it consolidates its position in the digital asset securities ecosystem. BlackRock's first tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund, has also been launched on Ethereum and is available to investors by subscribing to the fund with Securitize.
  • Web3 game Shadow War completes $5 million financing, led by Momentum 6

    Game studio Patriots Division has raised $5 million in seed and Series A financing for its Web3 game Shadow War. The Series A funding was led by Momentum 6, with participation from iAngels, Cointelligence Fund, Xborg, Andromeda VC, Cogitent Ventures, and Cluster Capital.
  • CoreWeave, an AI cloud service provider, completes $1.1 billion Series C financing led by Coatue

    CoreWeave, a cloud service provider focusing on artificial intelligence, announced the completion of a $110 million Series C financing round. Coatue led this round of financing, with Magnetar (the main investor in the previous round), Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management participating.
  • Barcelona-based Web3 Video Games Startup GFAL Raises $3.2M in Seed Funding to Expand Team and Accelerate Production Plans

    Barcelona-based startup GFAL has secured $3.2 million in seed funding from investors including Supercell Ltd and Mitch Lasky. The company plans to use the funds to expand its team and accelerate its game production plans, which leverage AI and Web3 technology for immersive gameplay. GFAL's Elemental Raiders mobile game soft-launched in March 2023, with plans to build on this for a 2024 launch. CEO Manel Sort expressed gratitude for the investment and excitement to work with former colleagues from Digital Chocolate.
  • On-chain content distribution agreement Metale Protocol completes additional $2 million in seed round financing

    Metale Protocol, a content distribution protocol on the blockchain, announced the completion of an additional $2 million seed round of financing. Waterdrip Capital led the investment, with participation from Aipollo Investment and Ultiverse. As of now, the total size of its seed round financing has reached $4 million. Metale Protocol was formerly known as Read2N, a Web3 decentralized reading application. The new funds will be allocated to its content creation fund to stimulate more content creation activities and promote the construction of its protocol as a platform for issuing and distributing content assets on the blockchain.
  • DWF Ventures announces investment in blockchain game developer Overworld

    DWF Ventures announced an investment in Overworld, a chain game developer. Overworld recently announced plans to launch another NFT series, and in addition, Overworld will soon launch the main world arena.
  • Cryptool invests $2 million in digital currency trading platform Bittime

    On May 1st, investment firm Cryptool invested $2 million in cryptocurrency trading platform Bittime in Series A funding. Founded in 2017, Cryptool focuses on first and second-level investments in digital currency, with a total investment of $30 million by 2023.
  • Backed raises $9.5 million in funding round led by Gnosis for tokenization of real-world assets

    Backed, a Switzerland-based tokenized asset issuer, has raised $9.5 million in a funding round led by Gnosis. The company aims to speed up its private tokenization offering and onboard asset managers to blockchain rails with the investment. Tokenization of real-world assets is becoming increasingly popular, with the market for RWAs predicted to reach $10 trillion by the end of the decade. Backed has already issued over $50 million worth of tokenized RWAs, including ERC-20 compatible token versions of exchange-traded funds and individual stocks like Coinbase and Tesla.
  • London-based X10 raises $6.5M to expand hybrid crypto exchange operations

    London-based hybrid crypto exchange company X10 has raised $6.5m in funding from investors including Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber fund, as well as executives from Revolut and the founder of Lido, Konstantin Lomashuk. The funds will be used to expand operations and development efforts. X10 offers a hybrid model that combines the centralized exchange experience with the benefits of DeFi, including on-chain trade settlement, validation, and self-custody. The exchange also provides a customizable web interface, advanced market and portfolio analytics, and premier on- and off-ramping options provided through trusted global partners.
  • Crypto accounting firm H&T completes $10 million in financing

    Harris and Trotter Digital Assets (H&T), a crypto accounting firm that provides comprehensive services to approximately 500 native cryptocurrency clients, has completed a $10 million financing round with Orbs leading and Re7 Capital and Kingsway Capital participating.