Web3 gaming studio Metagame Industries recently completed a funding round that increased the company’s valuation to $100 million. The funds are set to be used in the production of the company’s upcoming game, Abyss World.
Abyss World, a AAA game in the Sui ecosystem, is being developed collaboratively with Mysten Labs. It has already sparked considerable interest, with around 120,000 global pre-orders registered on the Steam wishlist and its game trailers soaring well over 600,000 views on since the beginning of this year. The raised capital enables Metagame Industries to meet this anticipation head-on and expedite the game’s development.
The funding round comprised a diverse array of investors, indicating a broad base of support for Metagame Industries and its approach to Web3 gaming. Contributors included Mysten Labs, the Funplus/Xterio Ecosystem Fund, as well as investment firms Big Brain Holdings, 2moon Capital, Chainhill Capital, Dweb3 Capital, ZeroX Fund, GMA, and MH Ventures.
The successful round positions Metagame Industries to tap into advanced AI technologies for Abyss World, a strategy aligned with meeting and surpassing the expectations of its global audience.
About Abyss World
Abyss World is an upcoming third-person ARPG game set in the fortified city of Nordinia. Players, also known as Bannerlords, undertake tasks to defend their territories and engage in various adventures. The game incorporates a range of classes and races, allowing players to personalize their gaming experience. Abyss World is scheduled for private testing in Q2 2023, with a public alpha release focusing on PVE gameplay planned for Q3 2023.
