Dec 16, 2021 11:01 UTC
Dec 16, 2021 at 11:02 UTC
Game Developer Moonray PBC Raises $3.5 Million, Aims to Bring NFT and Blockchain Gambling to Bitcoin
On Dec 14, Moonray PBC, the developer behind the multiplayer action-role-playing game (RPG) Moonray, declared that the project has raised $3.5 million from strategic investors. Moonray is taken into account as the primary metaverse and gambling non-fungible token (NFT) exchange engineered on the Bitcoin network via Stacks.
Moonray PBC Leverages Stacks to make a Blockchain Game on Bitcoin, Project Raises $3.5 Million From Strategic Investors
Play-to-earn (P2E) games, non-fungible tokens (NFTs), and also the metaverse became very talked-about in recent times. There’s been a huge quantity of funding directed at developing video games and new ventures being launched by big-name game manufacturers. A report revealed in a period of time shows that game developers are getting down to incorporating blockchain school into games a lot of often. On Tuesday, the startup Moonray PBC declared that the team has raised $3.5 million in a very funding spherical LED by Animoca Brands.
The funds are going to be dedicated toward scaling the Moonray multiplayer action-RPG, an NFT marketplace, and in-game economy. additionally to Animoca Brands, investors like LD Capital, Lucid Blue Ventures, GBV Capital, and Metavest Capital joined the Moonray funding spherical. in contrast to the myriad of blockchain games engineered on networks like Ethereum and Solana, Moonray is made mistreatment the Bitcoin (BTC) protocol through Stacks.
“Stacks is an open source blockchain network that leverages the protection and capital of Bitcoin for suburbanized apps and good contracts,” the Stacks website explains.
According to Rodrigo Etcheto, chief operating officer of Moonray PBC, bitcoin (BTC) is going to be an integral part of the Moonray gambling system, with the flexibility to earn bitcoin yield and Lightning Network integration. “Building a game within the metaverse is quite simply golf shot one thing in VR or AR, there has got to be an economy where players will have a true money stake within the things they own,” Etcheto said in a statement on Tuesday. “Players have found roundabout ways to trade digital things within the past and that we try to make it easier for players to exchange and sell things with each other.”
The Moonray PBC govt added:
When our marketplace is fully-operational we are going to feature Lightning Network integration, [bitcoin] payments, and NFTs that have the flexibility to earn [bitcoin] yield.
Moonray Plans to Launch in March 2022
The game Moonray and also the Moonray NFT marketplace aim to launch with chosen players around March 2022, in line with the funding announcement. The funding from Animoca Brands follows Animoca’s partnership with the favored NFT project Bored Ape guild (BAYC). Animoca Brands and BAYC’s creators, Yuga Labs, decide to launch a play-to-earn (P2E) blockchain game supported by BAYC NFTs next year. Yat Siu, the chief chairman and co-founder of Animoca Brands, believes blockchain games are reworking the trade which Moonray are going to be a part of.
“Blockchain games are evolving apace. Moonray is at the vanguard of this modification, building a far-future RPG expertise which will be in contrast to something that the majority players have ever seen on blockchain,” Siu opined in a statement sent to Bitcoin.com News. “We are terribly excited by the potential that Moonray is demonstrating because it builds this formidable multiplayer AAA expertise.”