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 <p class="is-style-lead">Seattle’s Neon Machine has secured $20 million in Series A <a rel="noopener noreferrer nofollow" title="funding" href="https://thebittimes.com/tag/funding.html">funding</a>, helmed by Polychain Capital, to advance development of its blockchain-integrated shooter game, “Shrapnel.”</p>
 <p>Seattle-based game studio Neon Machine recently announced a $20 million influx from Series A funding led by Polychain Capital with participation from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures and Tess Ventures.</p>
 <p>The <a rel="noopener noreferrer nofollow" title="funding" href="https://thebittimes.com/tag/funding.html">funding</a> is earmarked for the continued development of “Shrapnel,” a first-person shooter game, at what the company identifies as a “critical time,” as they gear up to release an early-access version in December, with a full launch slated for 2024.</p>
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    <p lang="en" dir="ltr">Can you survive? Can you extract?<br><br>Jump into Early Access with pre-launch content from your EXTRACTION PACK.<br><br> For sale now on:https://t.co/FhyttO0Gsn<br><br>Limited availability. https://t.co/SWfneijjVC pic.twitter.com/D1T22DxIPn</p>— SHRAPNEL (@playSHRAPNEL) October 23, 2023
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 <p>Originally part of HBO Interactive, Neon Machine has established itself independently, amassing $37.5 million in <a rel="noopener noreferrer nofollow" title="funding" href="https://thebittimes.com/tag/funding.html">funding</a> from various <a rel="noopener noreferrer nofollow" title="round" href="https://thebittimes.com/tag/round.html">round</a>s since its inception. The company boasts a workforce of over 70 employees, according to CEO Mark Long, and has diversified its portfolio, venturing into comic books and launching a PFP NFT collection in the previous year.</p>
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 <p>“Shrapnel” is set to offer a blend of solo and team-based gameplay, with a significant emphasis on user-generated content (UGC). The game’s innovative approach allows players to create in-game items using the <a rel="noopener noreferrer nofollow" title="studio" href="https://thebittimes.com/tag/studio.html">studio</a>’s technology, which can then be minted as NFTs. This feature, along with the integration of blockchain technology for asset ownership, represents a foray into relatively uncharted territories in gaming.</p>
 <p>The game’s reliance on blockchain and NFTs does raise questions however about the game’s accessibility and the potential for a steep learning curve for players unfamiliar with these technologies. Furthermore, the volatile nature of the crypto market could pose risks to the in-game economy, potentially alienating players and undermining the game’s long-term stability.</p>
 <p>Despite these concerns, the recent funding round indicates investor confidence in Neon Machine’s vision. The inclusion of notable venture partners suggests a belief in the potential of combining blockchain technology with gaming.</p>
 <p>It remains to be seen how the team will navigate the complexities of this integration and whether it will resonate with the broader gaming community.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/game-studio-neon-machine-secures-20m-in-funding-round-led-by-polychain-tbt67778.html">https://thebittimes.com/game-studio-neon-machine-secures-20m-in-funding-round-led-by-polychain-tbt67778.html</a></p>

Game studio Neon Machine secures $20m in funding round led by Polychain

TheBitTimes

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