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The web3 gaming studio Moonveil has raised $5 million from Unicorn Verse, a move that strengthens the $MORE token economy and supports the studio’s next phase of growth. Founded in 2022 by industry veterans from Riot Games and Tencent, Moonveil is building a gamer-first ecosystem with its own blockchain infrastructure and a growing library of titles.
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The new investment provides fresh capital for Moonveil’s lineup of blockchain-powered games and ensures long-term stability for the $MORE token economy. Unicorn Verse’s funding will also support community engagement through deeper player rewards, expanded staking options, and more accessible on-ramps.
A Moonveil representative said:
“This milestone underlines our long-term commitment to Africa. Kenya is not just a market—it’s a hub for innovation and opportunity, and we’re proud to be part of its regulated ecosystem.”
Moonveil’s journey began as a traditional studio before evolving into a full web3 gaming platform. Its mission is to give players ownership of achievements, items, and progress across all titles. To achieve that, it uses Agglayer CDK, a framework that enables fast, composable chains designed for games. The chain is live on testnet and expected to shift to mainnet soon, bringing better interoperability and reducing fragmented player identities.
The studio’s portfolio continues to expand:
Moonveil’s Season 2 started on August 21 and lets players earn Moon Beams, convertible into $MORE tokens at a 50:1 ratio. Tasks include playing games like AstrArk, joining social campaigns, and referring friends. Premium season passes offer extra benefits, while badges and loyalty rewards can be upgraded into non-transferable SBTs, unlocking additional perks.
The ecosystem’s utility token $MORE powers governance, in-game economies, and staking. It launched earlier this year and anchors the studio’s community-driven model.
This latest round adds to Moonveil’s earlier $5.4 million seed raise and its pre-Series A, bringing total funding to around $14 million. With Unicorn Verse’s support, Moonveil is positioned to scale its infrastructure and community footprint globally while staying true to its core vision: building accessible blockchain gaming with real player ownership.