Gaming News
| Published On Mar 17, 2024 4:41 am CET | By Jenny Patel

Folius Ventures and SevenX Lead MetaCene $10M Funding Round

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MetaCene has successfully raised $10 million in a Private A funding round, a crucial step forward in its quest to create a unified gaming platform that combines MMORPG enthusiasts, content creators, and blockchain gaming. Leading this financial endeavor were Folius Ventures and SevenX Ventures, with additional investments from The Spartan Group, Mantle Network, Animoca Ventures, and more.

Leveraging Unreal Engine 5, MetaCene is set to provide a seamless gaming experience across multiple platforms. The platform’s leadership, boasting veterans from Shanda Games and Blizzard, is focused on introducing an innovative post-apocalyptic RPG that leverages blockchain technology.

The platform’s Alpha Tests in 2023 demonstrated its potential, with a jump in player engagement from the first to the second test. The player count increased to over 5,000, with daily gameplay rising to 4 hours on average. Moreover, during its second alpha test, a notable portion of users engaged in on-chain transactions, spending an average of $143.

With the new influx of funding, MetaCene plans to accelerate its development efforts, deepen community ties, and broaden its audience. The anticipation for Alpha Test V.3 and the launch of the Content Creator Incubation Program underscores MetaCene’s dedication to collaborative creation and management. This approach is expected to enrich the gaming experience further as it approaches the launch of its Commercial Version 1.0.

Jenny Patel

Jenny Patel, a dedicated freelance writer, has been consumed by her love for gaming since her childhood days. Her go-to games growing up were Elder Scrolls V: Skyrim on PC and Halo 3 on XBOX. Jenny now enjoys the flexibility of working remotely, allowing her to explore the world while indulging in her gaming passion.