Animoca Brands Expands Its Investment in MetaFight's Blockchain Gaming Venture
In Brief
MetaFight has revealed that it received an undisclosed strategic investment from Animoca Brands, aimed at fueling its growth and improving its Web3 gaming offerings.
The provider of the blockchain-centric mixed martial arts (MMA) management game, MetaFight has announced a strategic investment from a Hong Kong-based blockchain firm, details of which remain undisclosed. This funding will empower MetaFight to broaden its operations and elevate its gaming services. Animoca Brands MetaFight operates in a space aimed at digitizing the MMA experience while bridging it with real-world interactions.
In this Web3 game, cards come with specified rarity levels. Players can earn rewards through various means such as purchasing card packs, uncovering new cards, and completing various quests and achievements. The MetaFight Marketplace supports players in buying, selling, and trading their cards.
The digital cards The company recently launched an initial Management Card Game (MCG) designed for collectors of professional MMA fighter cards, with plans to unveil the next iteration of the MCG in 2024. This upcoming version is set to introduce additional features and a platform dedicated to offering users a distinct MMA experience.
Animoca Brands Expands Its Investments in Web3 Gaming
Animoca Brands remains actively engaged in investments within the Web3 gaming arena.
They are also backing the UAE-based gaming start-up Farcana. This fresh funding aims to assist Farcana’s beta launch and its development within the Bitcoin ecosystem, driving the company towards becoming a leading gaming studio in the MENA region.
Recently, Animoca Brands invested Farcana, developed on Unreal Engine 5, is a competitive third-person team shooter renowned for its esports events featuring permanent Bitcoin prize pools. It stands to be among the first AAA games introducing 'Free Mint' Bitcoin ordinals.
Additionally, last month, Animoca Brands invested in The Open Network (TON), endorsing TON’s gaming initiatives, including TON Play — with aspirations to launch Web3-based gaming directly on Telegram. This move is expected to reshape the GameFi landscape by delivering fresh gaming experiences to Telegram's expansive user base of over 800 million. Web3 games Animoca Brands is committed to advancing the integration of blockchain technology within the gaming sector, playing a pivotal role in fostering innovation and championing the growth of Web3 games.
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