Qooverse Secures Major Investment in Web3 Gaming Initiative Led by Paper Ventures
Qooverse Secures Funding to Revolutionize Web3 Gaming
On November 25th, 2024, Web3 game studio Qooverse announced it has secured pre-seed funding in a round led by Paper Ventures, with backing from Animoca Brands and Merit Circle.
Innovative Game Design and Market Approach
The team, with backgrounds at Tencent and Goldman Sachs, is crafting a unique ecosystem of mid-core and casual social games that will thrive on Telegram and other platforms. Their flagship game Qoomon Fuse, featuring fast-paced gameplay that lasts under five minutes, has already attracted hundreds of thousands of players.
- Player Engagement: Focus on PvP interactions to enhance social dynamics.
- Social Integration: Games designed to capitalize on social sharing and competitive elements.
Looking Forward: New Opportunities and Innovations
Qooverse plans to expand their omni-channel distribution with games expected on Line mini-app and Discord embedded app. They are preparing for a busy end of 2024, including:
- The launch of new game modes such as tournaments.
- Enhancements in crypto onboarding processes.
- The official launch of their game center along with a Token Generation Event (TGE) in early 2025.
Oliver Blakey, GP at Paper Ventures, expressed excitement about the investment indicating that Qooverse is poised to redefine the gaming dynamics in the Web3 space.
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