Web3 Gaming Developer Neon Machine Secures $20 Million for Blockchain-Based Shooter "Shrapnel
Summary:
Neon Machine, a web3 gaming developer, has raised $20 million in a Series A funding round to enhance the development of "Shrapnel", its anticipated extraction shooter game. The funds were generated after a $10.5 million seed round in June 2021. Shrapnel is a multiplayer first-person shooter boasting an innovative "extraction" mechanism linked to blockchain, granting players complete control over in-game assets. The company is set to begin early-access testing for paid subscribers in December, with a potential free release slated for 2024.
Neon Machine, a gaming company that specializes in developing web3 games, has successfully raised $20 million in a series A funding to expand on the development of its eagerly awaited extraction shooter game, named "Shrapnel". The fresh capital injection comes shortly after the company completed a $10.5 million seed funding round in June 2021. The most recent fundraiser was led by Polychain Capital and featured contributions from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures.
Shrapnel, the game in focus, is a grand project by Neon Machine and is referred to as a "AAA game"; a term that usually denotes high-grade video games famed for superior production value, budget, and marketing. Based on the gameplay trailer released on Neon Machine’s YouTube channel and details available on the game’s website, Shrapnel is a multiplayer first-person shooter (FPS) game. The game, presently in its pre-alpha testing phase, will have a competitive element via "extraction" mechanisms that players must successfully perform to retain the loot they discover during gameplay. The early gameplay footage hints at a gameplay structure similar to Call of Duty: Warzone, a free-to-play extraction shooter game from Microsoft’s Activision-Blizzard-King studios.
But what sets Shrapnel apart from other AAA games is its integration of Web3 and blockchain technologies. Unlike other comparable games, such as The Division 2, wherein players can "extract" valuable items to bolster their profile and in-game character, the assets in Shrapnel are linked to the blockchain. Neon Machine suggests that this approach will grant players complete control over their assets.
Shrapnel is also poised to have a modding toolset, which could allow players or developers to introduce other blockchain assets into the game ecosystem, igniting potential for strategic seasonal competition and tournament play. Neon Machine anticipates starting early-access testing for Shrapnel for paid subscribers in December, as stated in a company press release. Following the initial evaluation phase, the company plans to debut the game as a free-to-play concept during the year 2024. On top of Shrapnel's development and launch, Neon Machine unveiled its ambition to eventually license its Web3 developer’s API platform, known as GameBridge, once the game is live.
Published At
10/25/2023 7:46:53 PM
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