Web3 gaming pioneer Mooveil has successfully wrapped up its pre-seed/seed funding round, amassing a total of $5.4 million. Spearheading this round were Gumi Cryptos Capital and Arcane Group, two distinguished names in the crypto investment world.

Beyond the substantial contributions from these two crypto-focused firms, Mooveil also garnered support from renowned backers like Longhash, IOSG Ventures, and Infinity Venture Crypto. Numerous other investors and private contributors also joined the round.

Sharing their enthusiasm on platform X, Arcane expressed their eagerness to back Mooveil, highlighting the studio's commitment to crafting a player-centric Web3 gaming universe.

Moonveil's leadership, with deep roots in gaming, includes a CEO previously at Riot Games and a COO with over two decades of experience, including time as a pro player.

Moonveil's mission is to offer "unparalleled gaming adventures" while rewarding players meaningfully. By embracing Web3 technology, they aim to link player achievements with tangible rewards, strengthening commitment.

Their lineup includes "Astrark: Stage ONE," a dynamic mobile tower defense game featuring PvP, PvE, and innovative mechanics. Another title, "Project B," is a strategic multiplayer game set for a November reveal.