Web3 game studio Moonray Studio raised $8.25 million through two rounds of financing

Web3 multiplayer battle arena game development studio Moonray Studio announced that it has raised $8.25 million through two rounds of financing, with participation from Animoca Brands, Polygon Ventures, and Cardano. Additionally, it has established a game development partnership with Digital Void, a streaming content partnership with Reel FX, and user acquisition partnerships with gaming guilds such as YGG, Snack Club, and Unix.

Moonray leverages blockchain technology to enhance the gaming experience through asset ownership, customizable NFTs, and token rewards. The new funding is intended to launch a mobile version of the Autobattler game in the first quarter of next year.