Singapore, Singapore–(Newsfile Corp. – May 9, 2022) – Nyan Heroes, a Solana blockchain-based AAA Free-to-Play plus Play-And-Earn game, today announced the closing of its $7.5 million strategic investment round at a valuation of $100 million.
To view an enhanced version of this graphic, please visit:
The funding round included participation from Kosmos Ventures, Sino Global Capital, Shima Capital, and Petrock Capital. Additional investors also include Morningstar Ventures, 32-bit Ventures, Crypto.com, Tess Ventures, Master Ventures, Wave7, Ancient8, Drops Ventures, Andromeda Capital, Salad Ventures, Moonchain Capital and Snackclub.
Angels in the round include Joel Madden, A$AP Lou, Arnold Poernomo, DataDash, CryptoLark, CAGYJAN, Sol Legend, and Koroush.
When asked why Nyan Heroes, Vladimir Velmeshev, a Partner at Kosmos Ventures, said “Sustainable P2E game economy is a buzz word of 2022, but the team at Nyan Heroes pioneered this concept almost a year ago. Cute cats piloting deadly mechs – it’s for sure going to be a fun and solid play!”
Nyan Heroes is a AAA battle royale shooter built on Solana, featuring cute cats in deadly robots. It is a one-of-a-kind project focusing on building an immersive feature-rich gameplay experience, as well as a sustainable play-and-earn economic model. Following a Seed Round raise led by Three Arrows Capital, Mechanism Capital, and Defiance Capital in late 2021, the Nyan Heroes team has grown from a small 5 person team to over 40 members with two-thirds of the team coming from AAA game developers and titles. The vision behind Nyan Heroes is to be the first AAA game in the blockchain space that runs on a sustainable economic and environmental model. The studio seeks to introduce millions of traditional gamers to the blockchain ecosystem via their battle royale game, an already familiar, popular, and modern gaming genre.
“We aren’t just a group of blockchain enthusiasts trying to build a game. We are a team of industry experts from traditional AAA game development that are bringing our talent and quality to the Web3 gaming space,” said Tore Blystad, Creative Director of Nyan Heroes. “In order to build a game-changing product for Web3 that has the quality and longevity expected from a AAA live action game, we must hire the right people at the right time. I am confident that this new round of funding and the strategic partners that come with it will enable us to hire those right people, supercharging our production.”
As a result of this strategic round, Nyan Heroes will use the capital to expand the team with new artists, designers, engineers, and community managers. A portion of the funding will be allocated to various infrastructure costs including licensing, hardware, and outsourcing. Additionally, the funds will go towards community outreach and marketing with a focus on providing thought leadership and resources to support the traditional gaming community’s adoption of Web3 gaming. Lastly, Nyan Heroes is expected to go live via an alpha launch of the game towards the end of 2022. A portion of the capital raised will go towards supporting the alpha release of the first AAA battle royale shooter on Solana.
“Max and his all-star team has placed strong consideration into all aspects of developing Nyan Heroes’ brand, gameplay, economics, and social elements. Our team is extremely excited and confident that Nyan Heroes, starting out as a battle royale TPS game, will be a hallmark in defining the future of web3 gaming and in triple-A Shooter based game categories” says Ronald Koo, CEO of PetRock Capital.
In addition to Nyan Heroes’ game development goals, the studio and team are committed to supporting various charities in line with their ambitious goal of saving 1 billion cats. Following a $250,000 donation to Best Friends Animal Society in 2021, the team has run a series of collaborative charity auctions on Magic Eden with other Solana NFT projects such as Aurory, Portals, and Degen Apes. 100% of the proceeds from each auction will be going to a nominated charity to help support worthy causes.
About Nyan Heroes
Nyan Heroes is a AAA play-and-earn third person shooter (TPS) built on the Solana blockchain. In Nyan Heroes, you play as a Nyan cat piloting a Guardian Mech set in a futuristic world where elements of fantasy and science fiction intertwine. Our goal is to create a rich gaming experience, backed by a fair, sustainable in-game economy, that players deeply enjoy, regardless of skill or investment. We’ve chosen to build on the Solana blockchain because it is a carbon-neutral blockchain and can support all of Nyan Heroes on-chain activities with minimal impact to our planet.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123056
This news is republished from another source. You can check the original article here