Web3 gaming studio pixiongames has raised $5.5 million in seed funding to build out its flagship game Fableborne. camgthompson reports
The round saw participation from a handful of notable investors including the Avalanche Foundation’s Blizzard Fund, investment firm Shima Capital, gamingPixion plans to put the funds towards Fableborne, the studio’s action-based role-playing game that allows players to interact with on-chain assets built atop the Avalanche network.
“It's really building what we call these competitive multiplayer games, mobile-first platform experiences, but having competitive tournaments and player-owned economies are at the heart of the core game,” said Punia. “And so that's what we're really trying to build as an experience for players.”The game is inviting players to participate in playtests and is aiming for a public launch within the next calendar year.
While the bear market has slowed investments across the crypto space, Web3 gaming has maintained investor confidence. Earlier this month, Web3 gaming studio Argus
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