Studio 369 nets $15M in private token and NFT sale for MetalCore
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MetalCore Foundation said it completed a $15 million private token and nonfungible token (NFT) sale for MetalCore, a mechanized combat game.
The title is a massively multiplayer online combat game in a future with mech robots. Studio 369 is making the game and it says it is focusing on triple-A quality.
Leading purchasers Bitkraft Ventures and Delphi Digital were joined by Immutable, Sanctor Capital, Animoca, Youbi Capital, Bitscale, and Umbrella as well as a number of leading gaming guilds highlighted by Yield Guild Games (YGG), YGG SEA, Merit Circle, Perion, Avocado and BreederDAO.
MetalCore has in-game assets which will be player-owned NFTs including vehicles, pilots, land and more. The game will also feature in-game tokens which can be used for a variety of purposes within the game, said Matt Candler, president of Studio 369, in an email to GamesBeat.
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“Our team has extensive game development experience across premium and free-to-play games,” said Candler. “We are gamers ourselves and will deliver fun and rewarding gameplay in this new business model that integrates NFT’s with proven game mechanics.”
Studio 369 wants to combine the engagement of high-quality traditional gaming with true asset ownership and other NFT mechanics that are designed into gameplay. Unlike free-to-play games where players buy digital items with no inherent value, MetalCore’s in-game economy will allow players to buy, sell, and trade NFTs, the company said.
“From our experience in identifying trends and opportunities in the gaming industry, we have seen first-hand how carefully integrated NFT mechanics can create
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