On December 14, Moonray PBC, the developer of multiplayer action role-playing game (RPG) Moonray, announced that the project had raised $3.5 million from strategic investors. Moonray is considered the first metaverse and gaming non-fungible token (NFT) exchange built on the Bitcoin network through Stacks.
Moonray PBC Relies on Stacks to Create Blockchain Game on Bitcoin, Project Raises $3.5M from Strategic Investors
Play-to-earn (P2E), non-fungible token (NFT) and metaverse games have become very popular lately. There has been a huge amount of funding going to video game development projects and new ventures launched by major game makers. A report published in mid-November shows that game developers are beginning to integrate blockchain technology into games more frequently. On Tuesday, startup Moonray PBC announced that the team had raised $3.5 million in a funding round led by Animoca Brands.
The funds will be dedicated to scaling up the Moon Beam multiplayer action-RPG, an NFT marketplace, and an in-game economy. In addition to Animoca Brands, investors such as LD Capital, Lucid Blue Ventures, GBV Capital, and Metavest Capital have joined Moonray’s funding round. Unlike the myriad of blockchain games built on networks like Ethereum and Solana, Moonray is built using Bitcoin (BTC) protocol through Battery. “Stacks is an open-source blockchain network that leverages the security and capital of Bitcoin for decentralized applications and smart contracts,” the Stacks website Explain.
According to Rodrigo Etcheto, CEO of Moonray PBC, bitcoin (BTC) will be an integral part of the Moonray gaming ecosystem, with the ability to earn bitcoin yield and Lightning Network integration. “Building a game in the metaverse is more than just putting something in VR or AR, there needs to be an economy where players can have a real financial stake in the things they own,” Etcheto said in a statement on Tuesday. “Players have found roundabout ways to trade digital items in the past and we’re trying to make it easier for them to trade and sell items.”
The Moonray PBC executive added:
When our marketplace is fully operational, we will offer Lightning Network integration, [bitcoin] payments and NFTs that have the ability to earn [bitcoin] yield.
Moonray plans to launch in March 2022
The Moonray game and Moonray NFT Marketplace are aiming to launch with select players around March 2022, according to the funding announcement. The funding from Animoca Brands follows Animoca’s partnership with the popular NFT Bored Ape Yacht Club (BAYC) project. Animoca Brands and the creators of BAYC, Yuga Labs, plan to launch a play-to-earn (P2E) blockchain game based on BAYC NFTs next year as well. Yat Siu, Executive Chairman and Co-Founder of Animoca Brands, believes blockchain games are transforming the industry and Moonray will be part of the change.
“Blockchain games are evolving rapidly. Moonray is at the forefront of this change, creating a far-flung RPG experience that will be unlike anything most gamers have ever seen on the blockchain,” Siu said in a statement sent to Bitcoin.com News. “We’re very excited about the potential Moonray demonstrates as it builds this ambitious AAA multiplayer experience.”
What do you think of Moonray PBC raising $3.5 million from investors like Animoca Brands and Lucid Blue Ventures? Let us know what you think about this topic in the comments section below.
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