Interested in learning what's next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Register today.
Muus Collective has raised $5 million for its fashion-centric studio for making mobile games and digital collectibles for diverse audiences.
The Los Angeles company and investor Griffin Gaming Partners want to advance diversity in gaming, Web3, and fashion through inclusion, collaboration and empowerment. The company is preparing to launch its inaugural Web3-enabled mobile game that empowers players to create, have fun and earn.
Muus’ focus on digital fashion innovation with Web3 enablement was a meaningful differentiator behind GGP’s investment. Top mobile fashion titles have grossed over half a billion dollars in lifetime revenue, and NFT games generated $2.3 billion in revenue in Q3 of 2021 alone, according to The Blockchain Game Alliance.
Griffin Gaming Partners led the round, and Emily Wang, managing director at LionTree and Griffin Gaming Partners, helped get the startup off the ground.
GamesBeat Summit Next 2022
Join gaming leaders live this October 25-26 in San Francisco to examine the next big opportunities within the gaming industry.
“Consumer demand exceeds supply at the intersection of gaming, fashion, and Web3,” Wang said in a statement. “The Muus team has a track record of building innovative experiences across all three spaces, and we’re excited to revolutionize the consumer experience and define the future of this intersection together.”
Muus was started by Sarah Fuchs, cofounder and chairwoman. She has more than 20 years of experience building, operating and growing successful game studios. She recently served as vice president and
Read more on venturebeat.com