According to industry reports, Web3 gaming company Moonveil completed a $5.4 million Seed funding round on October 27, 2023. The round saw participation from gumi Cryptos Capital, Arcane Group, IOSG Ventures, IVC, IOBC Capital, LongHash Ventures, Bitkraft Ventures, Zentry, Matrixport Ventures, and Double Peak Group. Following this round, Moonveil’s total funding reached $9 million, with its latest valuation at $64 million.Moonveil Studio specializes in developing high-quality games and interoperable gaming ecosystems within the Web3 sector. Unlike conventional approaches that confine cross-game value exchange to a single blockchain, Moonveil is building an ecosystem spanning an aggregated network. As outlined in its development roadmap, Moonveil plans to launch its first title, Bushwhack, in September 2025, aiming to deliver innovative experiences to the Web3 gaming space.Moonveil continues to demonstrate strong growth momentum. Following this round of financing, the company intends to initiate a Pre-A funding round in August 2024, targeting $3.6 million. Additionally, its native token MORE is scheduled for listing on major exchanges in June 2025, which will further drive ecosystem expansion. As the Web3 gaming market matures, Moonveil’s innovative vision and comprehensive ecosystem strategy are expected to have a positive impact on the industry.