Web3-focused gaming studio UnCaged Studios has closed the books on a Series A funding round in which it raised $24 million dollars. The round was led by Griffin Gaming Partners, Vgames, Maverick Ventures Israel, Drive by DraftKings, and 6th Man Ventures. The funding round comes on the heels of UnCaged’s $4 million token presale for its Solana blockchain-focused game, MonkeyLeague.
“We could’ve taken money from crypto funds, but it’s stronger to take it from the game industry and believers,” said Raz Friedman, Co-Founder of UnCaged. “We are a gaming company first that is utilizing and bringing Web3 into games, rather than being a Web3-first company.”
According to the company, the new funds will be used to continue developing MonkeyLeague, the play-to-earn soccer game, and to create future games as well.
“For us, we believe every big company should start with one big hit,” said Friedman. “Our focus now is to create an amazing game around MonkeyLeague profitable to the company so we’ll have the resources to grow our technology and content base.”
(All information was provided by Yahoo! Finance)
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