Web3 game developer Metagame Industries has completed a strategic funding round at a nearly $100 million valuation. The exact value has not been revealed, and neither has the amount that was raised.
Among the investors were Sui creator Mysten Labs, the Xterio ecosystem fund run by publisher Funplus, Big Brain Holdings, 2moon Capital and ChainHill Capital.
Metagame’s flagship title, open world Dark Souls-inspired ARPG Abyss World has been in development since 2020. Metagame formed in 2022, alongside the game’s pre-alpha version being completed and the project receiving support from the likes of Epic Games, AMD and ICN.
The game brings its players into Nordinia, a place at the end of the world, to explore, gather resources and fight great enemies.
A collaboration with Mysten Labs, Abyss World is set to launch its public alpha including PVP on Mysten’s blockchain Sui and through Epic Games Store in Q4 2023. A second title from Metagame, Outset, has also been announced recently.