- The involvement of renowned blockchain investment firms like Folius Ventures and SevenX Ventures, along with other industry heavyweights, reflects a high level of confidence in MetaCene’s vision and potential.
- This indicates that investors see MetaCene as a promising player in the Web3 gaming sector and believe in its ability to innovate and shape the future of blockchain gaming.
MetaCene, a leading meta-MMO platform dedicated to redefining digital ownership and creativity, proudly announces the successful closure of its $10 million Private A round funding. This substantial investment solidifies MetaCene’s position as a pioneering force in the realm of Web3 gaming, propelling its mission to establish a borderless on-chain homeland that brings together MMORPG players, content creators, and Web3 enthusiasts through collaborative entertainment, creation, and governance.
Led by prominent blockchain investment firms Folius Ventures and SevenX Ventures, alongside an array of industry heavyweights including The Spartan Group, Mantle EcoFund, Animoca Ventures, Longling Capital, and Comma3 Ventures, this funding round showcases the widespread confidence in MetaCene’s vision and the team’s ability to execute it.
“Investing in MetaCene isn’t merely about supporting a promising project; it’s about investing in the future of blockchain gaming. We believe in their vision to empower players with digital identities and assets, allowing them to claim their space in the gaming world and participate in its endless expansion. This investment reflects our dedication to projects that are driving innovation in the gaming industry,” stated Jason, Founder of Folius Ventures.
“We are highly optimistic about MetaCene’s potential under Alan’s leadership to bring unprecedented innovation to Web3 gaming. Their approach not only sets a new standard for Web3 game production but also integrates a mature economic system and creative distribution mechanisms into the RPG genre, promising significant commercialization potential. We eagerly anticipate MetaCene’s contribution to the forthcoming Web3 gaming boom,” added Jon, Partner of SevenX Ventures.
Founded by industry veterans with extensive experience from renowned gaming companies like Shanda Games, Blizzard, and Perfect World, MetaCene is developed on Unreal Engine 5, ensuring seamless gaming experiences across various platforms including PC, iOS, Android, and cloud platforms.
Following two rounds of rigorous Alpha Tests in 2023, MetaCene has not only showcased the game’s AAA-quality but also witnessed substantial growth in its community base. With an increase in participating players from 2,961 to over 5,000 and a rise in daily average gaming time from 2.5 hours to 4 hours per player between Alpha Test V.1 and V.2, MetaCene has demonstrated its burgeoning popularity. Moreover, during Alpha Test V.2, over 20% of players made on-chain purchases, averaging $143 per paid player.
In addition to its game development milestones, MetaCene has successfully launched two major NFT collections. The MetaCene Apostle NFT (MAN) collection, limited to 500 pieces, experienced a remarkable 400% value growth during Alpha Test V.2, while the Cece Cube NFT collection, comprising 2,997 pieces, has become integral to MetaCene’s NFTFi system. Together, these collections have amassed a total volume of 1,314 ETH, underscoring the robust valuation and community confidence in MetaCene assets.
“This funding enables us to accelerate our ambitious vision. We will expand our development team, attract top talent across tech, design, and community management, and fuel user acquisition initiatives to deepen engagement with the passionate MetaCene community. Our ultimate goal is to deliver the most immersive and player-driven blockchain MMORPG experience possible, and this investment serves as a catalyst for achieving that objective,” said Alan Tan, Founder and CEO of MetaCene.
Collaborating with industry powerhouses like Mocaverse, YGG, and Ancient8, and bolstered by committed investors, MetaCene is poised for Alpha Test V.3 in March 2024, catering to both PC and mobile platforms. Through the upcoming Content Creator Incubation Program, MetaCene is gearing up to launch the Realms NFT collection, a revolutionary server-centered asset that will enable holders to build their own MetaCene world.
As the release of Commercial Version 1.0 approaches in 2024, MetaCene aims to realize its vision of co-creation and co-governance through AI integration and blockchain assets. By actively incorporating community feedback into game design, MetaCene strives to advance the meta-MMO platform and offer an unparalleled gaming experience for all players.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
