The Summoners Arena developer team has raised a total of $3 million through a funding round led by Pantera Capital.
Participants in the funding round include Coinbase Ventures, Impossible Ventures, Spartan Group, as well as other investors.
The project team reportedly intends to use the funds to expand its team and further develop the game. In particular, they hope to improve the graphics and integrate new features into the game.
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Summoners Arena is a blockchain-based role-playing game, which, according to the company behind it, is a project that goes beyond the Play-to-Earn model and offers users the Play-Own-Earn concept.
Gaming platform Gala Games and venture capital firm C² Ventures announced in December 2021 the launch of a $100 million fund to invest in game developers and blockchain-based startups.