Moonveil Studio Secures $5.4 Million in Successful Fundraising Round

Moonveil Studio, a prominent player in the gaming industry, recently announced the successful conclusion of their pre-seed round fundraising, raising a substantial $5.4 million. This exciting milestone has been achieved with leading investors, Gumi Cryptos Capital and Arcane Group, spearheading the investment initiative. Notably, the fundraising also received significant backing from prominent investors, including Longhash, IOSG Ventures, and Infinity Venture Crypto, as well as several additional investment firms and individuals.

Moonveil Studio is renowned for its commitment to providing exceptional player experiences. Their core mission centers on creating a vibrant gaming ecosystem that deeply engages players while duly recognizing their contributions with ongoing rewards.

In their vision, Moonveil Studio sees the integration of Web3 technology as a powerful tool for enhancing the gaming experience. They perceive Web3 as a bridge that connects a player's achievements with compensation, a validation of their dedication to the gaming community, and a means of legitimizing ownership within the gaming world throughout their lifetimes.

The leadership team at Moonveil Studio boasts seasoned professionals with extensive expertise in the gaming industry. M.J, Co-founder & CEO, formerly in senior leadership at Riot Games, leads the team with a decade of experience in game development and publishing, previously an investment banker before joining Riot. Jason, Co-founder & COO, also a former senior leader from Riot Games, brings over 20 years of gaming experience and a history as a pro-player. Mason, Executive Producer, was previously the Head of a game studio in the Tencent family, with 14 years of game production experience. The WEB3 Producer, Robin, comes with extensive experience, having been a defi project founder and a crypto enthusiast since 2014, along with seven years of full-stack mobile-game development and production experience.

Moonveil Studio's approach advocates for a meritocracy within the gaming industry. Players are given the freedom to choose the games they want to play without being restricted by platforms, channels, or equipment requirements. As players make their mark, Moonveil Studio believes they deserve recognition and compensation that reflects their contributions. These contributions will be meticulously tracked alongside player identity in a flexible, composable, and immutable manner, catering to various preferences, be it spending, grinding, or promoting. This is where tokenomics and NFTs play a pivotal role in a player's journey.

Moonveil Studio also has an exciting gameplay offering, including Astrark: Stage ONE, an immersive tower defense mobile game centered around PvP and PvE battles, and cooperative multiplayer experiences. Players have the freedom to select their commander character, assemble their team members, and tailor their development system for strategic squad formation. An intriguing "destiny" element introduces an element of unpredictability into the quest for victory.

In addition, Moonveil Studio is preparing to unveil Project B, a multiplayer strategy game with a significant surprise. While still under "stealth mode," the secret is set to be revealed this November.

With their forward-thinking approach and commitment to player-centric gaming, Moonveil Studio is poised to make a significant impact on the gaming industry and Web3 technology.