“Shrapnel” developed by Neon Machine received Series A financing led by Polychain Capital. The Call of Duty-style cryptocurrency video game managed to raise $20 million in its financing round. This funding comes at a critical time for the Avalanche-based game.
Cryptocurrency game project raised millions of dollars from giants!
The race to build the first high-quality AAA Blockchain video game to rival games popular on consoles like Playstation and Xbox has been ongoing for some time, with no clear leader emerging despite some intriguing candidates. Shrapnel is also emerging as one of the leading contenders in this space. The cryptocurrency video game has secured some additional funds to develop itself. With this, it aims to increase the game’s chances of becoming a hit among consumers. In this regard, Neon Machine, the company that developed “Shrapnel”, raised $20 million in Series A financing led by Polychain Capital.
Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures and Tess Ventures also participated in this round. This latest round follows a $10.5 million 2021 seed round, which came at a time when VC funding is declining. “Shrapnel” is similar to the wildly popular and mega-successful Call of Duty series. It is also a first-person shooter game created by the developers using Unreal Engine 5. The cryptocurrency game is expected to be offered first to paid users in December, and then turn into a free-to-play game open to general use in 2024.
Funding arrived just in time!
Neon made a statement regarding the issue. He noted that this funding comes at a critical time for the team, which will begin phased-in playable releases in the coming months. In this context, Neon continued its statement as follows:
Upcoming major milestones include the launch of the Shrapnel Marketplace, where in-game items will be purchasable and tradeable, as well as the further development of creator tools for players to create skins, maps, and other in-game items.
cryptokoin.comAs you can follow from , there are other projects aiming to offer AAA level games. Such high-profile cryptocurrency gaming projects include “Illuvium” and “Star Atlas.” In its statement, the company also stated that the team that developed “Shrapnel” is working on games for high-profile brands such as Halo, Call of Duty and Star Wars. “Shrapnel” CEO Mark Long said the vision is to create “a blockbuster-quality shooter where players truly own and create game assets.”
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