Decentralized Chess Game Secures Funding

Decentralized Chess Game Secures Funding

Anichess, an Animoca Brands subsidiary, successfully completed an oversubscribed seed round, raising $1.5 million for its decentralized chess game's development.

The Deets

  • Anichess, partnered with Play Magnus Group and Champions Chess Tour, aims to revolutionize traditional chess
  • Innovative features include a strategic spell mechanic
  • The game is anticipated to launch its Alpha version in Q1 2024
  • Seed round participants included GameFi Ventures, The Operating Group, Koda Capital, Bing Ventures, 708 Capital, Asymmetry Capital, and more

The Bulk

As an offspring of Animoca Brands, Anichess is ready to modernize one of the world's oldest games - chess. This initiative, in partnership with the Play Magnus Group (PMG) and its Champions Chess Tour, preserves the free-to-play, skill-based core of traditional chess while enhancing the gameplay with fresh elements.

The centerpiece of these additions is an innovative spell mechanic, presenting a range of offensive, defensive, and counter tactics. In tandem with eSport-like elements, this innovation promises to expand the gaming experience and introduce new, engaging challenges for players.

The Alpha version of Anichess is slated to launch in Q1 2024. This follows Chess.com's acquisition of PMG in December 2022, which broadened the Champions Chess Tour's scope and offers a vast pool of chess enthusiasts a new way to engage with the game.

💰 Money Talks

The recent funding round secured $1.5 million.

ğŸŽ¤ Founder Feedback


The strong support expressed by investors validates Anichess’s vision of delivering unparalleled experiences for chess players, gamers, and fans.Yat Siu, Co-founder and Executive Chairman of Animoca Brands

🔜 What's Next?

Chess enthusiasts and gamers alike should keep an eye out for the Alpha version of Anichess, anticipated to launch in Q1 2024.


For more web3 and NFT news, visit the Lucky Trader newsfeed.

 

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.