Animoca Brands Leads Funding Round for Angelic the Game

Angelic, a new P2E game by Metaverse Game Studios, attracted a $10M funding round led by Animoca Brands. The co-leaders included Pantera Capital, Solana Ventures, and Everyrealm. The total list of investors is longer, including OKX Blockdream Ventures, Mechanism Capital, Morningstar Ventures, Huobi Ventures, Shima Capital, Ancient8 and Rainmaker.

Angelic Game is the flagship gaming title of Metaverse Game Studios.

https://twitter.com/AngelicTheGame/status/1503361394460303366

“Angelic is building a massively multiplayer metaverse with a deep gameplay layer enriched by a sophisticated backstory. We believe this is the right approach to help bridge the divide between blockchain games and AAA titles,” commented Yat Siu, the co-founder and executive chairman of Animoca Brands.

Angelic Game attracted Pantera Capital, one of the most powerful investment firms in crypto space, by offering a high-grade game that surpasses most P2E designs in terms of quality. 

Angelic Game Preview Coming in Q3

For Angelic Game, the current stage is all about collecting investors and advisors. But in late 2022, the first gaming opportunities will appear. 

The game’s roadmap plans the demo release for Q2, 2022, and at that time, the first NFT mint event will also build the beginnings of a gaming community. The NFT series and demo period may extend into Q3, 2022. 

The game’s goal is to appeal to both crypto enthusiasts and gamers. Initially, Angelic Game will have an open metaverse option. 

https://twitter.com/AngelicTheGame/status/1502597158352175106

Players can then choose to pick up P2E features and NFTs as an optional source of entertainment and earnings.

The game will launch the Angelic (ANGL) token for governance, and in March 2022 the asset was also used in airdrops and incentives. 

https://twitter.com/AngelicTheGame/status/1501584294640242702

ANGL is still not traded on exchanges and has no price discovery mechanism. This is not unusual for game-first startups, and Angelic has focused mostly on development, with early prototypes dating back to 2016.

Angelic Game has partnered with Mintable, a startup specializing in organizing NFT drops and mints, as well as secondary marketplaces.