Summoners Arena developers have raised $3 million in seed funding, led by Pantera Capital.
The round was attended by Coinbase Ventures, Impossible Ventures, Spartan Group, as well as other investors and business angels.
The team will use the funding to expand the staff and further develop the project. In particular, improving graphics and integrating new features into the gameplay.
Summoners Arena is a blockchain role-playing game. According to a press release, the project goes beyond the Play-to-Earn model and introduces users to the Play-Own-Earn concept.
In December 2021, gaming platform Gala Games and venture capital firm C² Ventures announced the launch of a $100 million funding program to invest in game developers and new blockchain projects.
Earlier, blockchain gaming company Rainmaker Games raised $6.5 million from CoinFund, Alameda Research, Animoca Brands, and other investors.
In December 2021, the Binance Smart Chain Ecosystem Development Fund invested an undisclosed amount in the Crypto Gaming United crypto gaming platform.