PANews reported on October 26 that according to the official blog, Web3 game studio Moonveil Entertainment announced the completion of a $5.4 million seed round of financing, led by Gumi Cryptos Capital and Arcane Group, with participation from a number of Web3 funds and game industry funds including LongHash, IOSG and Infinity Venture Crypto.
It is reported that the Moonveil Entertainment team members are composed of core management and production teams from well-known game companies such as Riot, Tencent, and NetEase, as well as senior Web3 developers. The projects currently being developed by the team include the immersive tower defense mobile game Astrak and the multiplayer competitive strategy game Project B.
Earlier in February this year, Magic Eden's venture capital department disclosed that it had invested in 11 Web3 game studios, including Moonveil Entertainment.
