Game Developer Moonray PBC Raises $3.5 Million, Aims to Bring NFT and Blockchain Gaming to Bitcoin – Bitcoin News

Moonray PBC announced, on December 14, that $3.5 million had been raised from strategic investors. Moonray was the first exchange for metaverse tokens (NFTs) and games built on Bitcoin’s network through Stacks.

Moonray PBC Leverages Stacks in Building a Blockchain Game for Bitcoin. Project Raises $3.5 Million from Strategic Investors

Popular in recent years have been play-to-earn games (P2E), non-fungible tokens, and the metaverse. There’s been a massive amount of funding directed at projects developing video games and new ventures being launched by big-name game makers. Mid-November saw a report that showed game developers increasingly incorporating blockchain technology into their games. Moonray PBC has announced on Tuesday that they have raised $3.5M in a round of funding led by Animoca Brands.

This money will be used to scale the multiplayer Moonray action-RPG and NFT market, as well an in-game economy. Animoca Brands was joined by investors Lucid Blue Ventures and Metavest Capital in the Moonray funding round. Moonray uses the Bitcoin (BTC), protocol from Stacks, and is not like other blockchain-based games such as Solana or Ethereum. “Stacks is an open-source blockchain network that leverages the security and capital of Bitcoin for decentralized apps and smart contracts,” the Stacks website explains.

Rodrigo Etcheto (CEO of Moonray PBC), said that bitcoin (BTC), which can be earned as bitcoin yield, and Lightning Network integration, will become an integral part the Moonray gaming environment. “Building a game in the metaverse is more than just putting something in VR or AR, there has to be an economy where players can have a real financial stake in the things they own,” Etcheto said in a statement on Tuesday. “Players have found roundabout ways to trade digital items in the past and we are trying to make it easier for players to exchange and sell items with one another.”

Moonray PBC Executive added:

Lightning Network integration will become available once our marketplace has been fully-operational. [bitcoin]Payments and NFTs with the potential to earn [bitcoin] yield.

Moonray plans to launch March 2022

According to the funding announcement the game Moonray will launch in the NFT marketplace and with select players, around March 2022. The funding from Animoca Brands follows Animoca’s partnership with the popular NFT project Bored Ape Yacht Club (BAYC). Animoca Brands and BAYC’s creators, Yuga Labs, plan to launch a play-to-earn (P2E) blockchain game based on BAYC NFTs next year as well. Yat Siu is the cofounder and executive chairman of Animoca Brands and believes that blockchain games will transform the industry. Moonray will also be a part of this shift.

“Blockchain games are evolving rapidly. Moonray is at the vanguard of this change, building a far-future RPG experience that will be unlike anything that most players have ever seen on blockchain,” Siu opined in a statement sent to News. “We are very excited by the potential that Moonray is demonstrating as it builds this ambitious multiplayer AAA experience.”

This story contains tags
Animoca Brands – Bitcoin, Bitcoin (BTC), Blockchain. Blockchain. Games. GBV Capital. LD Capital. Lightning network. Lucid Blue Ventures. Metavest Capital. Moonray. Moonray PBC. nft. NFTs. online games. P2E. Smart Contracts. Stacks. Yat Siu.

Moonray PBC raised $3.5 million in funding from investors Lucid Blue Ventures and Animoca Brands. Comment below and let us know how you feel about the subject.

Jamie Redman

Jamie Redman, the News Lead for News, is a Florida financial technology journalist. Redman is an active participant in the cryptocurrency community from 2011. Since 2011, Redman has been an active member of the cryptocurrency community. Redman is a prolific writer for News, with over 4,900 articles about disruptive protocols.

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