Neon Machine, the Seattle-based game studio, has successfully garnered $20 million in its Series A funding round, highlighting the growing interest in blockchain-integrated gaming. The lead investor in this endeavor was Polychain Capital, supported by other significant names including Griffin Gaming Partners and IOSG Ventures.
The raised funds are earmarked for the development of Neon Machine’s anticipated game, Shrapnel. This first-person shooter isn’t just about action; it’s built on the Avalanche platform, integrating non-fungible tokens (NFTs) into the gaming experience. This integration means players will have ownership of certain in-game assets. As put by the CEO of Neon Machine, Mark Long, “We aimed to design a high-quality shooter where players can genuinely own and even craft their in-game assets.”
Furthermore, Shrapnel will offer a wide array of its in-game content as NFTs, a testament to the game’s commitment to blockchain technology. Earlier, the game had also launched its token, SHRAP, emphasizing its blockchain foundation.
Neon Machine’s journey began under HBO Interactive and since then, it has made significant strides independently. After a seed funding of $10.5 million, the company ventured into diverse areas, including the release of comic books. With this Series A funding, Neon Machine’s total raised capital is now a notable $37.5 million.