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Neon Machine Secures $20 Million Funding for Blockchain-Based Game Shrapnel

Neon Machine gets $20 million backing for blockchain-integrated game, Shrapnel, set for a 2024 release.

Thu, 26 Oct 2023, 15:01 pm UTC

The tech scene recently witnessed a significant boost for the gaming community, as Web3 gaming specialist Neon Machine successfully acquired $20 million in a Series A funding initiative. This crucial financial move is set to propel the development of Neon Machine's flagship extraction shooter game, Shrapnel.

Previously, in June 2021, the company managed to gather $10.5 million during its seed funding stage. Notable contributors to the Series A funding included Polychain Capital, Griffin Gaming Partners, Franklin Templeton, Brevan Howard Digital, Tess Ventures, and IOSG Ventures.

Shrapnel promises to be a top-tier game, often termed a AAA game, implying superior production quality, generous budget allocations, and a robust marketing strategy.

The game, available for review through early clips on Neon Machine's official YouTube channel, is a multiplayer first-person shooter that comes with an interesting "extraction" feature. This feature enables players to retain in-game items they find and manage to safely extract.

The initial gameplay visuals show similarities between Shrapnel and Microsoft’s Activision Blizzard studio's famed game, Call of Duty: Warzone. Yet, what sets Shrapnel apart is its integration with the innovative Web3 and blockchain technologies. Unlike other games where players extract items, assets in Shrapnel are blockchain-linked, ensuring players have absolute control over their in-game assets.

Neon Machine’s forward-thinking approach goes further with plans for Shrapnel to accommodate a modding toolset. This feature could potentially let players and developers introduce various blockchain assets into the game environment. This presents intriguing possibilities for seasonal contests and tournaments.

According to official announcements from Neon Machine, paid subscribers can anticipate early-access testing opportunities for Shrapnel in December. Following this preliminary phase, Neon Machine hopes to unveil Shrapnel as a freely accessible game sometime in 2024.

Neon Machine has wider plans for the future. After launching Shrapnel, the company is keen on licensing its unique Web3 developer’s API platform, known as GameBridge.

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