Moonveil Entertainment Raises $5.4 M in Seed Funding Lead by Gumi Cryptos and Arcane Group

Game Review

Moonveil Entertainment merges multiplayer fun with Web3 tech, led by ex-Riot Games leader MJ Wong for a new era of crypto and NFT gaming

Moonveil Entertainment has successfully raised $5.4 million in funding for its ambitious project, which merges multiplayer mobile games with cutting-edge Web3 technology. Led by CEO MJ Wong, a former senior leader at Riot Games in China, Moonveil Entertainment aims to set a new standard for gaming experiences by combining casual flexibility with profound depth. This vision, coupled with their dedication to the gaming community, has attracted notable investors like Gumi Cryptos Capital and Arcane Group.

Moonveil Entertainment was founded by MJ Wong and several other seasoned game veterans. MJ Wong, the CEO, brings a unique background to the table. He initially ventured into investment banking but quickly realized that it wasn’t his passion. A dedicated gamer himself, he transitioned into the gaming industry, joining Riot Games in China. During his seven-year tenure, he started as a junior publishing associate and eventually rose to the position of general manager in China, playing a crucial role in incubating titles like Wild Rift and Teamfight Tactics. Wong left Riot Games in 2019 to explore his startup aspirations.

Games Under Development

Moonveil Entertainment is actively developing two multiplayer mobile games, Astrark: Stage One and Project B. Astrark: Stage One is an immersive tower defense game that revolves around player-versus-player (PvP) and player-versus-environment (PvE) battles, as well as cooperative multiplayer experiences. In this game, players have the freedom to choose their commander character, assemble their team members, and customize their development system to create formations on the tactical squad interface. They can opt for various battle modes, challenge opponents, and immerse themselves in the gameplay.

On the other hand, Project B, the second game in development, remains a well-kept secret at the moment. The company promises to unveil this intriguing project in November. Moonveil aims to create a mid-core game that’s easy to pick up, offering a deep and immersive gaming experience. Each game session is designed to last around five minutes on average, ensuring that it takes less than three minutes to learn and enjoy. Despite its simplicity, Project B is projected to provide hundreds of hours of immersion and exploration.

Web3 Integration and Empowering Gamers

Moonveil Entertainment’s approach to the gaming industry extends beyond traditional game development. They firmly believe that gamers deserve better recognition and compensation for their investments, whether it’s time, money, or ideas, in their favorite games. The company is dedicated to building an open ecosystem that continuously engages players and offers ongoing rewards and recognition. The goal is to ensure that players receive recognition that reflects their contributions to the gaming world.

Web3 technology plays a central role in Moonveil’s vision. They view Web3 as a potent tool that empowers games in three fundamental ways:

Connection: Web3 bridges the gap between a gamer’s achievements and their compensation.
Validation: It reaffirms the company’s commitment to players who actively contribute.
Legitimization: Web3 legitimizes players’ ownership of in-game assets and achievements throughout their lifetimes.

Moonveil’s approach is player-centric, emphasizing the need for gamers to have the freedom to choose the games they love without being restricted by platforms, channels, or equipment requirements. Players are encouraged to participate in the gaming world on their own terms.

Community Building and Financing

A key aspect of Moonveil’s philosophy is the emphasis on building strong player communities throughout a game’s life cycle. The company values community synergy and collaboration, fostering a sense of togetherness among gamers.

MJ Wong, CEO of Moonveil Entertainment, believes in the potential of financing in gaming but warns against speculators and those who might abuse the system. He draws historical parallels with the days of J.P. Morgan in the late 19th century and the dot-com bubble in 2000, where early adopters often included speculators. However, Wong sees financing as a positive development when it is used to support companies, products, and games. The key, he emphasizes, is to build a community with good intentions and to reward members with meaningful incentives that reflect their contributions.

Wong acknowledges the challenges in the larger cryptocurrency environment and mentions that Moonveil Entertainment has temporarily postponed its plans to roll out non-fungible tokens (NFTs). “We also know that a bunch of gaming studios are running out of money. So, they’re all in their NFT launches and PR and campaigns in Q4, as either blockbuster or die,” Wong said.

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Moonveil Entertainment Raises $5.4 M in Seed Funding Lead by Gumi Cryptos and Arcane Group

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Rise Online World (ROW) is a unique and exciting blockchain-based massively multiplayer online role-playing game (MMORPG) that allows players to earn rewards as they play. With its immersive gameplay and opportunities to earn cryptocurrency, ROW is a game that offers endless entertainment and excitement. Whether you are an experienced gamer or new to the world of blockchain-based games, ROW is a must-try for anyone looking for a thrilling and rewarding gaming experience. In Rise Online World, players can power unique non-fungible tokens (NFTs) as they explore a magical world filled with towering kingdoms and dangerous dungeons. Combining elements of traditional and modern MMORPGs, ROW offers a unique gaming experience that is sure to keep players engaged. As they fight for their kingdom, explore the open world, and survive dangerous challenges, players can earn tokens and ultimately become legends. Whether you are an experienced MMORPG player or new to this type of game, ROW is an exciting and immersive gaming experience that is not to be missed. Rise Online World (ROW) is a game that caters to both traditional gamers and those who are looking to earn rewards through gameplay. With its wide appeal and immersive gameplay, ROW is a game that is suitable for players of all levels and interests. In addition to its traditional MMORPG elements, ROW also allows players to earn tokens and collect valuable non-fungible tokens (NFTs), making it an appealing choice for those who are interested in both entertainment and earning potential. As a decentralized game that values the input of its community. Rise Online World NFT: The developers offer complete ownership of in-game digital assets to the players. The digital items are powered by ERC-721 tokens/NFTs. The items like capes, pets, costumes, and mounts are tradeable items.

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Best P2E Games list 2024

Moonveil Entertainment Raises $5.4 M in Seed Funding Lead by Gumi Cryptos and Arcane Group

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Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

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NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

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Moonveil Entertainment Raises $5.4 M in Seed Funding Lead by Gumi Cryptos and Arcane Group

Moonveil Entertainment Raises $5.4 M in Seed Funding Lead by Gumi Cryptos and Arcane Group

Games Under Development

Web3 Integration and Empowering Gamers

Community Building and Financing

PlayToEarnGames.com: Explore Our Worldwide Gaming Adventure

Moonveil Entertainment Raises $5.4 M in Seed Funding Lead by Gumi Cryptos and Arcane Group

Related P2E Games: Play To Earn Crypto, NFT, Web3

Rise Online World – Game Review

Cyberstella: Japanese Space Opera & Blockchain Fusion

The Nemesis – Game Review

Metagear – Game Review

Best P2E Games list 2024

Moonveil Entertainment Raises $5.4 M in Seed Funding Lead by Gumi Cryptos and Arcane Group

Best P2E Games List

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