In a significant development for the gaming industry, Farcana has successfully secured $10 million in seed funding. This investment aims to enhance the development of their unique third-person multiplayer shooter game, which incorporates both Non-Fungible Tokens (NFTs) and Bitcoin rewards.
Among the notable investors in this venture are Animoca Brands, Polygon Ventures, Fenbushi Capital, Merit Circle, and several other key players in the blockchain and gaming sectors.
The funding round witnessed participation from a diverse group of investors, reflecting the game’s broad appeal and potential. These include Rarestone Capital, MMPro Trust, Unpopular Ventures, Kapo Capital, Emchain, Hasu Capital, and Dravus Investment. This strong financial backing underlines the industry’s confidence in Farcana’s innovative gaming model and its prospective impact on the esports landscape.
Clarence Zhou, the Investment Director at Fenbushi Capital, emphasized the game’s potential to become a landmark in blockchain gaming, attracting new users to Web3 technologies. Similarly, Yat Siu, the co-founder and chairman of Animoca Brands, praised Farcana’s progress and development over the past year, highlighting the traction it has gained in the gaming community.