Animoca Brands Invests In Upcoming Bitcoin Game
Farcana, the UAE-based gaming startup, received a strategic investment from Animoca Brands for its beta launch and development on Bitcoin.
The Deets
- Unreal Engine 5: Farcana, a team arena shooter, offers Bitcoin-backed tournaments.
- Growing User Base: Over 40,000 users, with successful initial playtests in Dubai.
- Strategic Enhancement: Majority of funds aimed at enhancing Farcana within the Bitcoin ecosystem.
- Token Launch: Anticipating a full game release and token launch next year.
The Bulk
Animoca Brands announced its latest strategic investment is in upcoming Bitcoin game, Farcana. Farcana is a third-person shooter game built with Unreal Engine 5.
It differentiates itself by offering competitive tournaments with permanent Bitcoin prize pools, a first in AAA web3 gaming. This approach has already garnered attention, with more than 40,000 users joining the platform and participating in initial playtests in Dubai.
The investment will predominantly focus on integrating Farcana within the Bitcoin ecosystem, preparing for a token launch and full game release slated for early next year. Animoca Brands has been instrumental in shaping Farcana's tokenomics and market strategy since Q2 2023, according to the press release.
🎤 Founder Feedback
Our strategic investment into Farcana aligns with our vision to drive web3 development in MENA. Farcana's progress is impressive, and we're excited to support their journey in bringing innovative gaming solutions to market.Yat Siu, Co-Founder, Animoca Brands
🔜 What's Next?
Farcana is expected to come to market in 2024.
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