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Leading blockchain venture capital firms have expressed strong interest in Moonveil, an up-and-coming Layer 2 gaming environment, as it successfully closes its Pre-Series A investment round. With this most recent round of funding, Moonveil’s total cash raised reached $9 million, paving the way for significant developments in web3 gaming.
Animoca Ventures, Mask Network, HashKey Capital, Gumi Cryptos Capital, Hivemind, and Spartan Group were among the major investors who contributed to the Pre-Series A round. This money comes after P2 Ventures backed an earlier seed round. The primary purpose of the new funding infusion are to support Moonveil’s community involvement initiatives and infrastructure development.
Moonveil’s mission is to build a cutting-edge Layer 2 ecosystem tailored for web3 gaming. The company plans to enhance its infrastructure while expanding its user acquisition strategies, particularly targeting web3 enthusiasts and GameFi players. This expansion aims to create a dynamic environment for both game developers and players.
The Moonveil team is made up of seasoned experts from the blockchain and gaming industries. The founders’ resumes from work at Riot Games, Tencent, Netease, Funplus, and CARV are strong. They bring with them experience from popular games such as EVE Online, League of Legends, Valorant, and Minecraft. Moonveil plans to release its own games using this expertise, starting with the much awaited AstrArk and Bushwhack.
With the additional investment, Moonveil is ready to take big steps in the gaming sector. With its ZK-powered Layer 2 chain, the platform, which is based on the Polygon CDK, seeks to redefine expectations. With a focus on community-driven development, agile iteration, and quick product delivery, Moonveil’s methodology aims to create a vibrant ecosystem that benefits both active players and game producers.