Web3 Gaming Firm Midnight Raises $7.5M to Build a Game Studio

Web3 Gaming Firm Midnight Raises .5M to Build a Game Studio

Midnight, a Web3 gaming studio led by former Disney Mobile Games general manager Chris Heatherly, has raised $7.5M from a seed funding round to build a game studio and explore ways to add NFTs into various unique experiences.

The funding round was led by Shima Capital. It also saw little participation from other big blockchain gaming investors, including Forte, Snackclub, Overwolf, FJ Labs, Bixin Ventures, and many more.

Midnight is a company founded in 2021, pursuing the plan to build games with “eternal stories,” which is its slang. Their mission is to make many P2E F2P games with a Web3 “forging” system.

Additionally, the company is led by many veterans in the gaming industry:

  • Former general manager of Disney Mobile Games, Chris Heatherly, working as an acting CPO.
  • Game designer Geoffrey Hunt previously worked for Star Trek: Fleet Command. Nowadays, he serves as the head of game design.
  • With 30+ years of experience in the gaming industry, Steven Spagnolo, who is also a former Soundcloud CTO, serves as the CTO of Midnight.
  • Lastly, the most notable name on the list of executives is Steve Wade, the CEO of Midnight, who has historically published 45 games at the time of writing.