Farcana Raises $10 Million for NFT Esports Shooter That Pays Out Bitcoin
The Farcana group has raised $10 million in seed funding from Animoca Manufacturers, Polygon Ventures, Fenbushi Capital, Advantage Circle, and others to additional develop its third-person multiplayer shooter recreation, Farcana has shared solely with Decrypt.
Rarestone Capital, MMPro Belief, Unpopular Ventures, Kapo Capital, Emchain, Hasu Capital, and Dravus Funding additionally participated within the spherical.
“We consider Farcana has the potential to be the subsequent iconic blockchain recreation and repeatedly deliver new customers to Web3,” Fenbushi Capital Funding Director Clarence Zhou stated in a press release.
“We’ve been working with Farcana over the previous yr and we’ve been impressed with the event and traction it’s acquired to this point,” stated Animoca Manufacturers co-founder and chairman Yat Siu.
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Farcana shares some similarities to a recreation like Blizzard’s Overwatch, however with smaller, walled maps and recreation modes which can be paying homage to Riot Video games’ Valorant. The story of Farcana takes place in a near-future world the place humanity has left Earth for Mars and discovers a superpower-granting substance known as Axelar. Throughout the recreation’s lore, Farcana is an ongoing match trial of types the place gamers with Axelar-induced powers compete for glory.
An early Farcana gameplay screenshot. Picture: Farcana.
The Farcana group, which incorporates G2 Esports founder and former CEO Carlos “Ocelote” Rodriguez as an advisor, is predicated within the MENA area and beforehand labored with Dubai’s Economic system and Tourism division to host a Farcana pre-alpha recreation playtest on the Dubai Esports Competition again in June 2023.
“Our strategic funding into Farcana is a part of the imaginative and prescient of Animoca Manufacturers to drive Web3 improvement in MENA,” Siu stated. “The area is quickly modernizing and adopting rising applied sciences, and we’re excited to help companions corresponding to Farcana as they actively lead the sector and convey thrilling merchandise to market.”
An early gameplay screenshot. Picture: Farcana.
Animoca first introduced that it had invested in Farcana final month, citing a want to help the sport’s continued improvement and deliberate free Bitcoin Ordinals mint as Farcana works towards a beta launch. The sport may even make the most of Ethereum scaling community Polygon, with a free mint for “Mars Enigma Vault” NFTs approaching December 19.
Farcana goals to supply blockchain components like a play-to-earn match characteristic that rewards the highest 10% of its gamers with Bitcoin, based on a press release. The sport plans to function below a free-to-play mannequin with an optionally available battle go, NFTs, and crafting options.
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Each in-game merchandise will exist as an NFT, from character and weapon skins to pets, graffiti, voicelines, and charms, and Farcana will use the FAR token for all transactions, based on the sport’s deck.
Edited by Andrew Hayward
