According to The Block, Web3 game studio Moonveil Entertainment has completed a $5.4 million financing round, led by Gumi Cryptos Capital and Arcane Group, with participation from IOSG, Longhash and Infinity Ventures Crypto.
It is reported that Moonveil's leadership team is composed of industry veterans who have worked at Riot Games and Tencent. It is currently developing an immersive tower defense mobile game Astrark and a multiplayer strategy game Project B. The company was founded in the fourth quarter of 2022.