Moonveil Entertainment raises $5.4M for Web3 multiplayer mobile games
Moonveil Entertainment has raised $5.4 million for multiplayer mobile games using blockchain technology.
The vision of the studio is to craft top-notch gaming experiences that seamlessly combine casual flexibility with authentic fun depth.
Gumi Cryptos Capital and Arcane Group led the round (which had two parts) with additional support from other investors such as Longhash, IOSG and Infinity Venture Crypto. The company raised $3 million in September 2022 and $2.4 million more recently.
Founded by MJ Wong and several other game veterans, Moonveil is made up of a dedicated team of experienced professionals in the gaming industry.
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Moonveil is working on the development of two multiplayer mobile games: AstrArk: A fast-paced tower defense with player-versus-player (PvP) multiplayer, and Project B (code name), a stealth-mode multiplayer strategy game. More detailed information is set to be released later this year.
Wong, the CEO, was previously a senior leader at Riot Games in China with a decade of experience in game development and publishing. Before joining Riot, he was an investment banker. The other founders come from Riot Games, Tencent and the crypto community.
Born and raised in China, Wong tried out investment banking at first but didn’t like it. He used to play hours of games daily such as StarCraft, and so he turned to gaming for a career. He joined Riot Games in its China office and spent seven years there, starting as a junior publishing associate and winding up as the general manager in China. He helped
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