Moonveil Entertainment Raises $5.4 Million for Multiplayer Mobile Games Using Blockchain Technology
Vision and Mission
Moonveil Entertainment, a gaming studio, has successfully raised $5.4 million for the development of multiplayer mobile games using blockchain technology. Led by Gumi Cryptos Capital and Arcane Group, the funding round also saw support from investors such as Longhash, IOSG, and Infinity Venture Crypto. The studio's vision is to create top-notch gaming experiences that seamlessly combine casual flexibility with authentic fun depth.
At Moonveil Entertainment, the player experience is at the heart and soul of everything the team does. They firmly believe that crafting exceptional game experiences is a collaborative endeavor that requires the input of all the gamers they aim to delight. They view Web3, the integration of blockchain technology into gaming, as a potent tool that empowers games in three fundamental ways: connection, validation, and legitimation.
Games in Development
Moonveil Entertainment is currently working on two multiplayer mobile games: AstrArk: Stage One and Project B.
AstrArk: Stage One is an immersive tower defense mobile game that offers player-versus-player (PvP) and player-versus-environment (PvE) battles, as well as cooperative multiplayer experiences. Players have the freedom to choose their commander character, assemble their team, and strategically craft formations on the tactical squad interface. The game incorporates a "destiny" element that introduces unpredictability into the quest for victory.
As for Project B, it is still under wraps and will be unveiled later this year. Moonveil Entertainment aims to create a mid-core game that is easy to pick up, not too hard to learn, but offers a deep and immersive experience. Each game session lasts about five minutes on average, with a maximum duration of 10 minutes. The company believes in creating games that are enjoyable and immersive while still respecting the time constraints of players.
Web3 Plans and Tokenomics
Moonveil Entertainment believes that gamers deserve better treatment and aims to integrate decentralized financial tools with gaming to provide better real-life rewards as the game grows. The company wants players to come in because they love the product and the game, and then gradually figure out how to empower them through Web3 features. They envision a pure meritocracy approach where gamers have the freedom to choose the games they want to play without being restricted by platforms, channels, or equipment requirements.
The team also emphasizes the importance of player communities throughout a game's life cycle. They believe in community synergy and that gamers deserve recognition and compensation that reflect their contributions. The company plans to track player contributions alongside their identity in an immutable manner, accommodating various preferences such as spending, grinding, or promoting.
While Moonveil Entertainment sees the value of non-fungible tokens (NFTs) and tokenomics in a player's journey, they have postponed plans to roll out NFTs due to the current difficult crypto environment. They aim to build an early community with good intentions and reward them with meaningful incentives. They believe that financialization is positive for companies, products, and games, and that leveraging it can help drive the growth of the gaming industry.
Conclusion
Moonveil Entertainment's successful funding round demonstrates the growing interest in multiplayer mobile games with blockchain technology. The studio's vision to create exceptional game experiences and empower players through Web3 features aligns with the changing landscape of the gaming industry. As they continue to develop their games and explore the integration of decentralized financial tools, Moonveil Entertainment aims to provide gamers with engaging experiences and meaningful rewards. Whether they succeed in achieving their mission will depend on their ability to navigate the evolving crypto environment and strike a balance between financialization and player-centric innovation.
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