Mighty Bear Games raises $10M for Mighty Action Heroes Web3 game
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Mighty Bear Games has raised $10 million through a token sale to launch a blockchain game division and make its Mighty Action Heroes Web3 game.
The Singapore-based company wants to develop a series of immersive triple-A Web3 games that are “novel, fair and thoughtful,” said Mighty Bear Games CEO Simon Davis, in an interview with GamesBeat.
Framework Ventures led the round in the in-game token sale, which included additional investment from Mirana, Sfermion, Spartan, Dune Ventures, Sanctor Capital, Folius Ventures, Polygon, Play Future Fund, Everblue, Ancient8, Ready Player DAO, Razer, Avocado DAO, DWeb3, Great South Gate, mrblock and more.
Davis also said that the company is launching its first web3 game, Mighty Action Heroes, later this year. The game is a multiplayer third-person battle royale that puts an emphasis on fun, skill, and chaos.
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Founded in 2016 (from the ashes of Nonstop Games) by a diverse group of industry veterans with experience at the likes of King, Ubisoft, Lucasarts, Disney and Gameloft, Mighty Bear Games has a proven track record of developing highly engaging games that appeal to universal audiences. The team has released five games in the past four years.
The raise follows an impressive period of growth for the studio, which has rapidly established itself as a partner of choice for the world’s leading IPs and
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