Studio 369, the game developer behind the blockchain-powered video game “MetalCore,” announced it has raised $5 million in a new funding round.
Delphi Digital, Bitkraft Ventures and Sanctor Capital were among the investors who participated in the round, the company said. The game previously announced it had raised $15 million in a private token sale almost exactly two years ago.
“Studio 369 will put the newly raised funds toward continued development and upcoming features, such as a never-seen-before dynamic mission system that leverages AI to generate unique assignments, objectives, and tasks,” the company said in its statement. “With integration in the Immutable zkEVM ecosystem, developers can deploy custom smart contracts and offer users a gas-free experience. Users will be able to upgrade and craft in-game items, make purchases, earn rewards, and more.”
Delphi Digital and Bitkraft Ventures have also previously both backed another web3 gaming company, the Brazilian firm Jungle.
Screenshot of “MetalCore” gameplay. Image: YouTube.
Listed on Epic Games Store
The company has branded “MetalCore” as a “combined arms” PVP shooter video game. “Players can engage in massive player-versus-player encounters and face AI-enhanced enemies while fighting on foot and piloting a wide array of combat vehicles and giant mechs,” the company said.
“MetalCore,” currently in a closed beta, joins other blockchain-based shooter games in development such as “Shrapnel” and “Off the Grid” from Gunzilla Games. Epic Games Store has a PC version of “MetalCore” listed for early-access play on its online store.
Studio 369 has “MetalCore” slated for an open beta release by the end of the year.
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RT Watson is a senior reporter at The Block who covers a wide array of topics including U.S.-based companies, blockchain gaming and NFTs. Formerly covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creator economy while focusing primarily on technological disruption across media. Previous to that he covered corporate, economic and political news in Brazil while at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. Holds a master’s degree in Digital Sociology.