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Game Developer Moonray PBC Raises $3.5 Million, Aims to Bring NFT and Blockchain Gaming to Bitcoin – Bitcoin News

On December 14, Moonray PBC, the developer behind the multiplayer action-role-playing recreation (RPG) Moonray, introduced that the challenge has raised $3.5 million from strategic traders. Moonray is taken into account the primary metaverse and gaming non-fungible token (NFT) trade constructed on the Bitcoin community through Stacks.

Moonray PBC Leverages Stacks to Build a Blockchain Game on Bitcoin, Project Raises $3.5 Million From Strategic Investors

Play-to-earn (P2E) video games, non-fungible tokens (NFTs), and the metaverse have change into highly regarded in latest occasions. There’s been a large quantity of funding directed at initiatives creating video video games and new ventures being launched by big-name recreation makers. A report printed in mid-November reveals that recreation builders are beginning to incorporate blockchain tech into video games extra often. On Tuesday, the startup Moonray PBC introduced that the workforce has raised $3.5 million in a funding spherical led by Animoca Brands.

The funds might be devoted towards scaling the Moonray multiplayer action-RPG, an NFT market, and in-game financial system. In addition to Animoca Brands, traders equivalent to LD Capital, Lucid Blue Ventures, GBV Capital, and Metavest Capital joined the Moonray financing spherical. Unlike the myriad of blockchain video games constructed on networks like Ethereum and Solana, Moonray is constructed utilizing the Bitcoin (BTC) protocol by way of Stacks. “Stacks is an open-source blockchain network that leverages the security and capital of Bitcoin for decentralized apps and smart contracts,” the Stacks web site explains.

According to Rodrigo Etcheto, CEO of Moonray PBC, bitcoin (BTC) might be an integral a part of the Moonray gaming ecosystem, with the power to earn bitcoin yield and Lightning Network integration. “Building a game in the metaverse is more than just putting something in VR or AR, there has to be an economy where players can have a real financial stake in the things they own,” Etcheto mentioned in an announcement on Tuesday. “Players have found roundabout ways to trade digital items in the past and we are trying to make it easier for players to exchange and sell items with one another.”

The Moonray PBC government added:

When our market is fully-operational we are going to function Lightning Network integration, [bitcoin] funds, and NFTs which have the power to earn [bitcoin] yield.

Moonray Plans to Launch in March 2022

The recreation Moonray and the Moonray NFT market purpose to launch with choose gamers round March 2022, in accordance to the funding announcement. The funding from Animoca Brands follows Animoca’s partnership with the favored NFT challenge Bored Ape Yacht Club (BAYC). Animoca Brands and BAYC’s creators, Yuga Labs, plan to launch a play-to-earn (P2E) blockchain recreation based mostly on BAYC NFTs subsequent yr as effectively. Yat Siu, the manager chairman and co-founder of Animoca Brands, believes blockchain video games are remodeling the business and that Moonray might be a part of the shift.

“Blockchain games are evolving rapidly. Moonray is at the vanguard of this change, building a far-future RPG experience that will be unlike anything that most players have ever seen on blockchain,” Siu opined in an announcement despatched to News. “We are very excited by the potential that Moonray is demonstrating as it builds this ambitious multiplayer AAA experience.”

Tags on this story
Animoca Brands, Bitcoin, Bitcoin (BTC), Blockchain, blockchain video games, Games, GBV Capital, LD Capital, lightning community, Lucid Blue Ventures, Metavest Capital, Moonray, Moonray PBC, nft, NFTs, on-line video games, P2E, play to earn, Smart Contracts, Stacks, Yat Siu

What do you concentrate on Moonray PBC elevating $3.5 million from traders like Animoca Brands and Lucid Blue Ventures? Let us know what you concentrate on this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the News Lead at News and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 4,900 articles for News in regards to the disruptive protocols rising in the present day.

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