Seattle-based studio Neon Machine, developer of the blockchain-based game Shrapnel, has announced the raising of $19.5 million across two funding rounds. These funds will be directed towards the game's development ahead of its global launch.
Funding and Development
The recent funding round was led by Gala Games, joined by Griffin Gaming Partners and Polychain Capital. These investments will accelerate the game's development ahead of its launch.
Expansion into the Chinese Market
The entry into the Chinese market has been made possible through the integration of Shrapnel with the Trusted Copyright Chain (TCC), the country's national blockchain for licensed digital assets. This setup allows for regulated NFT trading in renminbi and access to a market of over 600 million gamers.
Details of Shrapnel
Shrapnel is a free-to-play extraction-based FPS where teams compete to secure a valuable in-game resource called Sigma. Players can leverage NFTs for in-game assets like weapons, gear, and cosmetics, blending tactical gameplay with true digital ownership.
Thus, Neon Machine is actively developing the Shrapnel project by channeling funds into its realization and expanding into the Chinese market, highlighting their ambitious approach within the blockchain gaming sphere.
