Game Developer Moonray PBC Raises $3.5 Million, Aims to Bring NFT and Blockchain Gaming to Bitcoin

Game Developer Moonray PBC Raises $3.5 Million, Aims to Bring NFT and Blockchain Gaming to Bitcoin

Game Developer Moonray PBC Raises $3.5 Million, Aims to Bring NFT and Blockchain Gaming to Bitcoin

On December 14, Moonray PBC, the developer behind the multiplayer action-role-playing sport (RPG) Moonray, introduced that the mission has raised $3.5 million from strategic traders. Moonray is taken into account the primary metaverse and gaming non-fungible token (NFT) trade constructed on the Bitcoin community by way of Stacks.

Moonray PBC Leverages Stacks to Build a Blockchain Game on Bitcoin, Project Raises $3.5 Million From Strategic Investors

Play-to-earn (P2E) video games, non-fungible tokens (NFTs), and the metaverse have grow to be very talked-about in current instances. There’s been a massive amount of funding directed at initiatives growing video video games and new ventures being launched by big-name sport makers. A report printed in mid-November exhibits that sport builders are beginning to incorporate blockchain tech into video games extra regularly. On Tuesday, the startup Moonray PBC introduced that the staff has raised $3.5 million in a funding spherical led by Animoca Brands.

The funds might be devoted towards scaling the Moonray multiplayer action-RPG, an NFT market, and in-game financial system. In addition to Animoca Brands, traders corresponding to LD Capital, Lucid Blue Ventures, GBV Capital, and Metavest Capital joined the Moonray financing spherical. Unlike the myriad of blockchain video games constructed on networks like Ethereum and Solana, Moonray is constructed utilizing the Bitcoin (BTC) protocol via Stacks. “Stacks is an open-source blockchain community that leverages the safety and capital of Bitcoin for decentralized apps and sensible contracts,” the Stacks web site explains.

According to Rodrigo Etcheto, CEO of Moonray PBC, bitcoin (BTC) might be an integral a part of the Moonray gaming ecosystem, with the flexibility to earn bitcoin yield and Lightning Network integration. “Building a sport within the metaverse is extra than simply placing one thing in VR or AR, there must be an financial system the place gamers can have an actual monetary stake within the issues they personal,” Etcheto mentioned in an announcement on Tuesday. “Players have discovered roundabout methods to commerce digital objects prior to now and we try to make it simpler for gamers to trade and promote objects with each other.”

The Moonray PBC govt added:

When our market is fully-operational we are going to function Lightning Network integration, [bitcoin] funds, and NFTs which have the flexibility to earn [bitcoin] yield.

Moonray Plans to Launch in March 2022

The sport Moonray and the Moonray NFT market purpose to launch with choose gamers round March 2022, based on the funding announcement. The funding from Animoca Brands follows Animoca’s partnership with the favored NFT mission Bored Ape Yacht Club (BAYC). Animoca Brands and BAYC’s creators, Yuga Labs, plan to launch a play-to-earn (P2E) blockchain sport based mostly on BAYC NFTs subsequent 12 months as nicely. Yat Siu, the manager chairman and co-founder of Animoca Brands, believes blockchain video games are remodeling the business and that Moonray might be a part of the shift.

“Blockchain video games are evolving quickly. Moonray is on the vanguard of this transformation, constructing a far-future RPG expertise that might be in contrast to something that almost all gamers have ever seen on blockchain,” Siu opined in an announcement despatched to Bitcoin.com News. “We are very excited by the potential that Moonray is demonstrating because it builds this bold multiplayer AAA expertise.”

What do you concentrate on Moonray PBC elevating $3.5 million from traders like Animoca Brands and Lucid Blue Ventures? Let us know what you concentrate on this topic within the feedback part under.

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