Mon Studios has successfully raised $1.35 million to further enhance the development of its MMORPG Spellborne.
In Brief
In a strategic funding initiative, Mon Studios has successfully secured $1.35 million to enhance the development of their MMORPG, Spellborne, and to expand their team.
The creator behind this massively multiplayer online role-playing game (MMORPG) Spellborne , Mon Studios managed to secure $1.35 million through a strategic funding round led by notable investors including 32-Bit Ventures, Momentum 6, Yunt Capital, D64 Ventures, County Capital, with participation from big names like Animoca Brands, YGG, Faze Clan, Immutable, and Tatsumeeko.
These funds will be directed towards expanding the team, advancing the development of Spellborne, and furthering the company's mission to create engaging casual gaming experiences.
Spellborne is designed as a creature-collection adventure game with a nostalgic twist. It tells the captivating story of three kids from Isogashi who set off on a magical journey filled with monsters and challenges. Among these trials are powerful guardians whose awakening could lead to catastrophic outcomes.
The game's narrative cleverly intertwines themes of politics, friendship, and betrayal, offering players a chance to interact with a diverse array of original characters, each with their unique traits. The story is non-linear, allowing gamers to choose different paths and influence the direction of the plot.
Founded in 2022, Mon Studios is focused on game development that blends social features, puzzles, and captivating pixel art. Recently, the company underwent a rebranding, shifting from merely creating a basic game to building a robust intellectual property (IP) with a strong presence across various social media platforms and games. The team has also improved game mechanics and user interface for a more immersive player experience.
Additionally, the company aims to diversify its intellectual property (IP) into multiple areas such as toys, social media, games, and Trading Card Games (TCG). This ambitious plan will see the release of various titles across distinct genres, alongside the launch of its token.
Global MMORPG Market Grows
The worldwide MMORPG market is projected to witness considerable growth, boasting an estimated annual growth rate (CAGR) of 10.50% between 2023 and 2028.
Last year, a South Korean blockchain gaming platform collaborated with Mirana Ventures, an investment arm of Bybit, to introduce a fund aimed at empowering promising blockchain gaming firms. WEMIX $6.4 million of the total $30 million fund has been allocated to support five developers engaged in creating games across several genres, including MMORPGs.
With this new investment, Mon Studios is poised to accelerate the development of Spellborne, paving the way for more growth and innovation within the gaming arena. card battle and sports.
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