AOFverse Secures $3 Million in Private Funding Round Led by Animoca Ventures
London, UK, January 18th, 2024, Chainwire
AOFverse, an unstoppable force in the mobile gaming industry, is proud to announce the successful conclusion of a $3 million private funding round. This funding initiative, led by Animoca Ventures, follows on the heels of AOFverse’s grant funding from The Arbitrum Foundation.
The $3 million funding initiative marks yet another significant milestone for AOFverse, providing a substantial boost to the studio’s expansion plans and solidifying its position as a key player in the web3 mobile gaming industry. The round was led by Animoca and included additional investments from Liquid X Ventures, Chainridge VC, Ticker Capital, Flying Falcon, and BSCN Gaming Ventures.
Another Win for AOFverse
For AOF, it’s more than just offering new gaming features. AOF emphasizes that deep social connections through gaming are the first step toward mass adoption of Web3 technology. The London-based studio is gearing up for the global launch of its PvP game Army Of Tactics, which has garnered over 1 million downloads since its soft launch in October 2023.
Moreover, the studio hopes to launch its flagship game, Army Of Fortune, later this year which is set to be a genre-defining PvP game.
The AOFverse ecosystem relies on a strong player base that forms a tight-knit community with token-based incentives to reward players introducing others to the ecosystem. These incentives form the foundation of the whole ecosystem and reward players for their competitive spirit inside the game.
A primary motivator for this funding round was to execute full throttle on their roadmap initiatives to be the go-to mobile gaming ecosystem in web3.
About AOFverse
AOFverse is a mobile gaming studio with a focus on Web3 integrations and a globally loved IP. With over 4 million TikTok followers, the studio is most recognized for gaming hits like Army Tactics.
About Animoca Ventures
Animoca Ventures is the venture investment arm of Animoca Brands, a global leader in digital entertainment, blockchain, and gamification.
Animoca Ventures specializes in early-stage investments in Web3 and blockchain companies and projects.
It serves as the pulse of Animoca Group, working at the front lines to discover new cutting-edge projects and trends in the Web3 space.
