Studio369, the indie game developer behind Ethereum action game MetalCore, announced on Tuesday that it raised $5 million in new funding to launch the PC game on the Immutable zkEVM scaling network. And the team has big plans on the short-term horizon.

MetalCore is currently planned to launch in open beta in May, letting anyone hop in and play the combination of mech suit combat and boots-on-the-ground shooting action. And if the planned timing works out, the game will also launch its token around the same time.

Studio369 CEO Matt Candler and CTO Dan Nikolaides shared the plans in a recent interview with Decrypt’s GG ahead of the fundraise announcement. The $5 million funding round includes prominent participants such as Bitkraft Ventures, Delphi Digital, Sanctor Capital, Spartan Group, and many others.

Candler said that the fundraise—which follows the closure of a $15 million round in 2022—was designed to “secure our runway for the next 12 months” as the studio attempts to launch the game to the public and debut a token. And it comes after an unexpected shift in the timing of the rollout and the game itself.

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Author: Andrew Hayward

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