Mystic Moose raises $5 million for Planet Mojo metaverse

Founded by gaming veterans from LucasArts, EA, Activision, and HappyGiant, the new game development studio Mystic Moose has managed to raise over $5 million in venture capital, spearheaded by Animoca Brands. The funding will primarily go towards the development and launch of its first blockchain title – Planet Mojo.

Longer-term, Planet Mojo will serve as an ever-evolving blockchain metaverse; allowing players to explore, play and compete in a growing library of interconnected games – starting with Planet Mojo.

Its team has also alluded to the use of Augmented Reality, as well as an eco-friendly initiative in order to offset the impact of carbon emissions from its underlying blockchain protocol.

“As a team who has lived on the bleeding edge of games, we believe blockchain gaming represents the next paradigm shift for the videogame industry,” said Mike Levine, CEO of Mystic Moose. “While still largely misunderstood by traditional gamers, the player-owned assets and economies, play-to-earn and decentralization segments will take community and gaming to the next level. On top of our project residing on a gas-free solution, we will also donate portions of our proceeds to eco-friendly organizations because we want Planet Mojo to become a force for good in the world.”

These initiatives, along with its pedigree of games industry veterans earned it the attention and enthusiasm of Animoca Brands, as the team’s Co-Founder & Executive Chairman points out.

“We invested in Mike and Mystic Moose because of the team’s experience in creating, launching, and shipping commercial titles for the gaming industry’s top legacy publishers… On top of that, as a big auto chess fan, I’m very excited about Planet Mojo and its upcoming blockchain-powered metaverse and auto chess game. We look forward to working with the team to push blockchain gaming to the next level.”

Yat Siu – Co-Founder & Executive Chairman of Animoca Brands

Planet Mojo is a PvP cross-platform auto chess game – a tactical strategy game reinvented for blockchain. Playable in a web browser, the game will allow players to own their teams as NFTs and play-to-earn in ongoing tournaments. Featuring an original IP and characters, players will have the option to own their game assets as NFTs and use them across an upcoming suite of games set inside the Planet Mojo universe.

Planet Mojo will be dropping a set of 10,000 generative 3D animated NFT “Mojos” in the first quarter of 2022 that will be directly usable in games with other perks for early adopters. For more information about Mystic Mojo, check out the website here.

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