Neon Machine, a Seattle-based startup building a Web3 game called Shrapnel, announced a $20 million Series A round.

  • Shrapnel is one of the gaming industry’s first blockchain-based combat shooters, allowing users to create and monetize game assets. GeekWire profiled the company last year.
  • Neon plans to release an early access version of Shrapnel to paid users in December and a free-to-play version next year, according to VentureBeat.
  • Neon, which spun off from HBO two years ago, is led by CEO Mark Long, a former manager at Microsoft and director at HBO.
  • The investment includes $10.5 million that was previously announced. Investors in the company include Polychain Capital, Griffin Gaming Partners, Forte, Tess Ventures, IOSG Ventures, Franklin Templeton, and Brevan Howard Digital.

Source: Geek Wire

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