Recent Funding Rounds in the Web3 Gaming Space

Singapore-based LiquidX, which acquired the Pixelmon NFT project, raised $8 million. Investors include Animoca, Delphi, Bitscale, Mechanism Capital, Sfermion, Merit Circle, and Spartan Labs. Notable angels include Kun Gao (Crunchyroll), Gabby Dizon (YGG), Robbie Ferguson (Immutable). They also include FaZe Banks, Loopify (Endless Clouds), and Zeneca.

Vermillion is a joint venture between DAO Merit Circle and Duckland Games. It secured $7 million in a funding round for its F2P social party game, Forgotten Playland. The game is set to launch in Q1 2024 on Merit Circle’s BEAM platform.

Web3 gaming platform Arcade raised $4.8 million in a private token round led by Crypto.com Capital. Other investors include Solana Ventures, Shima Capital, KuCoin Labs, and GSR. Arcade enables players to rent NFTs and get rewarded for playing blockchain games.

AOFVerse, MixMob and ArenaX Labsm

AOFVerse, a web3 mobile game developer, raised $3 million in a private funding round led by Animoca Ventures. Investors include Liquid X Ventures, Chainridge VC, Ticker Capital, Flying Falcon, and BSCN Gaming Ventures. Solana-based card strategy racing game MixMob raised $2.5 million via its MixBot NFT mint. The NFTs sold out, and the floor price is around 4 SOL ($400).

Mobile 4X game Age of Dinos raised $5.7 million via its first NFT mint, selling 4,862 NFTs at a mint price of 0.59 ETH ($1,500). The game is set to release in H1 2024.

ArenaX Labs is the developer of the AI-centric fighting strategy game AI Arena. It announced a $6 million funding round led by Framework Ventures. The game, inspired by Super Smash Bros, will launch on Arbitrum with a beta planned in early 2024. These funding rounds indicate continued interest and investment in the web3 gaming space.