Moonveil Expands Pre-Series A Funding to $9M to Boost Web3 Gaming

With the involvement of top blockchain venture capitalists, Layer 2 gaming ecosystem Moonveil has announced the conclusion of a Pre-Series A fundraising round. With this, Moonveil has raised $9 million in total fundraising.

Moonveil’s objective of creating a layer 2 ecosystem for web3 gaming will be supported by these fundings. Animoca Ventures, Mask Network, HashKey Capital, Hivemind, and Gumi Cryptos Capital joined lead investor Spartan Group. P2 Ventures funded the previous seed round, which is followed by the Pre-Series A.

The growth of Moonveil’s infrastructure and community development will be facilitated by the new funding investment. Additionally, Moonveil will intensify its user acquisition approach, emphasizing web3 users and GameFi players’ onboarding.

A group of seasoned veterans from the gaming and blockchain industries are developing Moonveil’s gaming ecosystem utilizing the Polygon CDK. Prior positions held by its founders include those at Riot Games, Tencent, Netease, Funplus, and CARV. The crew is now creating its own games on Moonveil after contributing to well-known gaming titles including League of Legends, Valorant, Minecraft, and EVE online. Bushwhack and AstrArk are the first two games scheduled for release.

Moonveil hopes to establish new industry norms with its ZK-powered Layer 2 chain of top-tier, in-house-developed products after securing Pre-Series A funding. The goal is to revolutionize web3 gaming by using agile iteration, community-driven development, and quick delivery while creating a thriving ecosystem for both highly engaged players and game developers.