Mysten Labs invests in Web3 game Abyss World

Metagame Industriesthe publisher of the blockchain game Abyss World based on Suiannounced a financing round at a valuation of 100 million dollars.

Metagame Industries said Wednesday it had closed a tour de table of an undisclosed amount that propelled its valuation to $100 millionaccording to the announcement.

The studio Web3 develops Abyss Worlda game based on the Sui blockchain network from Mysten Labs. “Abyss World is a ARPG third-person shooter. Players will explore the ‘old tide’ in the vast territory of NornidiaThe title’s description on the website states: “In this new adventure, you’ll challenge threats in the underworld, discover different stories and write your own epic tale of adventure. Steam.

Fundraising for Metagame Industries includes several investors including Mysten Labs, gaming studio Xterio and VCs with Big Brain Holdings2moon Capital, Chainhill Capital, Dweb3 Capital and ZeroX Fund.

The caliber and diversity of the investor base underscores the immense confidence and recognition placed in Metagame Industries and its visionary approach to the Web3 games sector,” the company said in a press release.

Abyss World has successfully completed its Strategic Funding Round!

We’re truly honored to receive recognition from our esteemed partners during this crypto winter.@SuiNetwork @Mysten_Labs @FunPlusGames @XterioGames @ToMoonCapital @BigBrainVC @ChainHill_Fund @MHVentures… pic.twitter.com/I5c6pej7rY

– Abyss World | IDO (@AbyssWorldHQ) May 24, 2023

The capital raised will enable Metagame to accelerate the development ofAbyss Worldwhose release date has yet to be announced. In addition to blockchain, the studio also plans to leverage the technologies ofartificial intelligence.

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