Web3 gaming developer, Neon Machine, has successfully raised $20 million in a Series A funding round to expedite the development of its upcoming game, ‘Shrapnel’.
This funding round follows a seed round of $10.5 million completed in June 2021. The Series A round was led by Polychain Capital and included contributions from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures.
‘Shrapnel’ is a vastly ambitious gaming project, branded by Neon Machine as a AAA game, an indicator of video games with superior production quality, budgeting, and marketing efforts. The game is a first-person shooter featuring multiplayer components and is currently awaiting pre-alpha testing.
What sets ‘Shrapnel’ apart from its counterparts is its integration of Web3 and blockchain technology. While other games have mechanics allowing players to obtain valuable in-game items, the assets in ‘Shrapnel’ are tied to the blockchain. This unique feature grants players complete ownership over their assets, as outlined by Neon Machine.
The game is also expected to feature a modding toolset, potentially enabling players and developers to incorporate other blockchain assets into the game environment. ‘Shrapnel’ is scheduled for early-access testing for paid subscribers in December. Following the evaluation period, Neon Machine intends to release the game as a free-to-play title in 2024.
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