Pantera, Animoca Brands Co-Lead $10M Investment in Metaverse Game Studios

Solana Ventures and Everyrealm were also leaders of the financing round for the creator of blockchain game Angelic.

By Brandy Betz

Mar 14, 2022 at 2:21 p.m. UTC

Updated Mar 14, 2022 at 3:05 p.m. UTC

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Brandy Betz

Brandy covers crypto-related venture capital deals for CoinDesk.

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Blockchain game development studio Metaverse Game Studios has raised $10 million in a funding round co-led by Pantera Capital, Animoca Brands, Solana Ventures and Everyrealm. Other investors included OKX Blockdream Ventures, Mechanism Capital, Morningstar Ventures, Huobi Ventures and Shima Capital.

The company’s flagship game, Angelic, is a turn-based strategy combat game where the player is a “unique neo-human” who meets and collaborates with companions along the way.
Angelic has non-fungible token (NFT) items, including ships and cosmetic items, and a decentralized autonomous organization (DAO) mechanism to give players community governance over the game and intellectual property, according to the website.
"Angelic is building a massively multiplayer metaverse with a deep gameplay layer enriched by a sophisticated backstory. We believe this is the right approach to help bridge the divide between blockchain games and AAA titles," said Animoca Brands co-founder and Executive Chairman Yat Siu in the press release.

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Brandy Betz

Brandy covers crypto-related venture capital deals for CoinDesk.

Follow @BrandyBetz on Twitter

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Brandy Betz

Brandy covers crypto-related venture capital deals for CoinDesk.

Follow @BrandyBetz on Twitter