Seattle-based studio Neon Machine has secured $19.5 million in two funding rounds. This investment will support the development of Shrapnel and its launch.
Investment and Partnership with Gala Games
The latest funding round was led by Gala Games, with participation from existing investors Griffin Gaming Partners and Polychain Capital. The funds will support the development of Shrapnel as well as its global launch and access to China planned for 2025.
Shrapnel: Game Features
Shrapnel is a free-to-play, team-based FPS blending tactical gameplay with digital ownership. Players take on the role of operators in the Sacrifice Zone where two teams compete to collect Sigma, enhancing their abilities. In 27 days of paid early access in 2024, Shrapnel logged over 3.7 million sessions.
Web3 Gaming Prospects
The web3 gaming market is projected to reach $301.53 billion by 2030. These investments underline investor confidence in Shrapnel’s mission and its potential for player connectivity through gameplay and cross-chain availability.
Neon Machine's investments highlight the growing interest in innovations within the gaming industry and Shrapnel's significance in expanding to the Chinese market and advancing web3.
