Play-to-Earn crypto game MonkeyBall raises $3 Mn in seed round

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Monkeyball, a play-to-earn NFT game based on the Solana blockchain, has raised $3 million in a seed funding round. The arcade soccer game is a mix of FIFA Street and Final Fantasy where each user controls a team of four monkeys with the objective of winning matches against other teams. Users are able to earn tokens for each victory, though they can also be gained by buying stadiums, hosting games, or even by cheering for winning teams while attending other games.

Matches are played between two teams, each with 4 Monkeys playing the positions of Scorer, Defender, Midfielder and Goalkeeper. With 6 rounds of play per half, the first team to 3 goals wins,” the official website explains. The Monkey NFT drop is planned for December 2021, with the first version of the game to be released during Q1 of 2022.

The round saw participation from some of the finest crypto investors: Solana Capital, Republic, Morningstar Ventures, Ascentive Assets, NFX, iAngels, Longhash, CMS, MarketAcross, Youbi, Banter Capital, Node Capital, Jump Capital, ZBS Capital, Metaversal, Collider, BFF and 6th Man Ventures.

Play-to-earn is an exciting and quickly growing application for blockchain and NFTs, but it’s not easy to find games with great production quality. The first play-to-earn game to truly become mainstream is still in the future, and we are hard at work to realize that future for MonkeyBall,” Oren Langberg, Head of Marketing, Monkeyball said in a statement.

As an early-stage investor in some of the most successful mobile/casual gaming start-ups in the world, we at NFX have been looking at the booming play-to-earn market for a while now. We believe that the space will only continue to grow, and that the winners will be those teams that combine the best of blockchain know-how with amazing game-design capabilities – that know how to utilize and unite the best of both blockchain and “traditional” gaming sectors. MonkeyBall is the best one we’ve seen yet!” Gigi Levi of NFX was quoted.

Earlier this month, NFT gaming platform Parallel raised US$50 Mn at a US$500 Mn valuation. Parallel is a sci-fi card game based on the Ethereum blockchain.

Last Wednesday, Animoca Brands, a Hong Kong-based blockchain gaming, A.I., metaverse, and non-fungible token (NFT) company, announced a capital raise of US$65 million at a pre-money valuation of US$2.2 billion.

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