Moonveil Secures $3.6 Million in Pre-A Round Financing on August 8, 2024

According to media reports, Moonveil completed a $3.6 million Pre-A round of financing on August 8, 2024. The round saw participation from The Spartan Group, gumi Cryptos Capital, Mask Network, Animoca Brands, HashKey Capital, Animoca Ventures, and Hivemind Capital. Following this transaction, Moonveil’s total funding has reached $9 million.Moonveil Studio is a Web3 gaming company focused on building high-quality games and interoperable gaming ecosystems. The company’s innovation lies in enabling value exchange across games beyond a single blockchain, aiming to construct a gaming ecosystem that spans the entire aggregated network. Since its inception, Moonveil has experienced rapid growth, having completed a $5.4 million seed round in October 2023. According to its development roadmap, Moonveil plans to launch trading of its token MORE in June 2025 and release its first game title, Bushwhack, between September 25 and October 2, 2025.Against the backdrop of rapid expansion in the Web3 gaming sector, Moonveil’s business model demonstrates significant potential. By building a cross-chain gaming ecosystem, the project is poised to bring transformative changes to the traditional gaming industry and offer players a more open and interconnected gaming experience. The successful completion of this funding round not only underscores investor confidence in the Moonveil team and products but also provides robust financial support for the company’s future growth.