Blockchain Game 'Shrapnel' Raises $20 Million in Series A Funding

Neon Machine, the company behind the highly anticipated blockchain video game "Shrapnel," has successfully raised $20 million in Series A financing, with Polychain Capital leading the funding round. Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures also participated in this round.

Fast Facts

• Game Concept: "Shrapnel" is a first-person shooter game created using Unreal Engine 5, promising gameplay and quality comparable to best-selling franchises like Call of Duty.
• Launch Plans: The game is scheduled to launch in December, initially as a paid release, with plans to transition to a free-to-play model for the general public in 2024.
• Critical Timing: The funding comes at a critical time as "Shrapnel" prepares for incremental playable releases in the coming months.
• Upcoming Milestones: Key milestones include launching the Shrapnel Marketplace, enabling in-game item purchases and trades, and further development of creator tools for player-designed skins, maps, and in-game items.
• Experienced Team: The "Shrapnel" development team brings a wealth of experience, having worked on acclaimed titles such as Halo, Call of Duty, and Star Wars.
• Vision: "Shrapnel" CEO Mark Long envisions creating a "blockbuster-quality shooter where players genuinely own and create game assets."

In the competitive landscape of blockchain gaming, "Shrapnel" stands as a strong contender, with other projects like "Illuvium" and "Star Atlas" vying to deliver AAA-level gameplay. This $20 million funding round bolsters "Shrapnel's" potential to become a major player in the space.