The Farcana team was able to raise $10 million in seed funding from major companies such as Animoca Brands, Polygon Ventures, Fenbushi Capital, Merit Circle, as well as other investors. These investments will further develop the multiplayer shooter. In addition, Rarestone Capital, MMPro Trust, Unpopular Ventures, Kapo Capital, Emchain, Hasu Capital, and Dravus Investment also participated in the funding.
Clarence Zhou, Chief Investment Officer of Fenbushi Capital, said, "We believe Farcana has the potential to become the next big blockchain game and attract a steady stream of new users to Web3." Yat Siu, co-founder and chairman of Animoca Brands, said, "We have been working with Farcana for the past year and have been impressed with its development and the popularity it has already gained."
"Our strategic investment in Farcana is part of Animoca Brands' vision to grow Web3 in the MENA region," Siu noted. "The region is actively modernising and adopting new technologies, and we are pleased to support partners like Farcana who are industry leaders with exciting product offerings."
Animoca first announced its investment in Farcana last month, expressing its desire to support the game's development and the planned launch of free Bitcoin Ordinals mining as Farcana prepares to enter beta. The game will also use the Ethereum network, and a free coin called "Mars Enigma Vault" will be created for NFT, which will be available on 19 December. Farcana aims to introduce blockchain elements, such as tournaments that will reward the top 10 players in Bitcoin, reportedly. The game will be free-to-play with an available battle pass, and will offer NFT and crafting features.
Every item in the game will exist as an NFT, from character skins and weapons to pets, graffiti, replicas and amulets, and a FAR token will be used for all transactions in Farcana.
