{"id":62713,"date":"2023-10-25T18:07:26","date_gmt":"2023-10-25T22:07:26","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=62713"},"modified":"2023-10-25T18:07:29","modified_gmt":"2023-10-25T22:07:29","slug":"game-developer-neon-machine-raises-20m-in-series-a-funding","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/game-developer-neon-machine-raises-20m-in-series-a-funding\/","title":{"rendered":"Game Developer Neon Machine Raises $20M in Series A Funding"},"content":{"rendered":"\n<p>Neon Machine, a Web3 game developer, raised $20 million in <a href=\"https:\/\/coinscreed.com\/staging\/delphia-raises-60m-in-series-a-funding-led-by-multicoin-capital.html\" target=\"_blank\" rel=\"noreferrer noopener\">Series A funding<\/a> to create Shrapnel, a highly anticipated extraction shooter similar to Call of Duty.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"834\" height=\"501\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/image-91.png\" alt=\"Game Developer Neon Machine Raises $20M in Series A Funding\" class=\"wp-image-62717\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/image-91.png 834w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/image-91-300x180.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/image-91-768x461.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/image-91-18x12.png 18w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/image-91-750x451.png 750w\" sizes=\"(max-width: 834px) 100vw, 834px\" \/><figcaption class=\"wp-element-caption\">Game Developer Neon Machine Raises $20M in Series A Funding<\/figcaption><\/figure>\n\n\n\n<p>This round follows a seed round of $10.5 million that concluded in June of 2021. <a href=\"https:\/\/coinscreed.com\/staging\/polychain-capital-coinfund-raise-350m-for-new-crypto-funds.html\" target=\"_blank\" rel=\"noreferrer noopener\">Polychain Capital <\/a>led the round, with participation from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures.<\/p>\n\n\n\n<p>Neon Machine is promoting Shrapnel as a AAA game, a designation for video games with superior production values, budgets, and marketing.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"SHRAPNEL Extraction Packs Trailer | Early Video Game Access?! \ud83d\udc40\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/9JPBeF5Unkg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Shrapnel is a first-person shooter with multiplayer components, according to gameplay footage on Neon Machine's YouTube page and information on the game's website. <\/p>\n\n\n\n<p>The game, which has not yet entered pre-alpha testing, will reportedly feature &#8220;extraction&#8221; mechanics that require the player to flee with any loot they discover in-game to keep those items. <a href=\"https:\/\/coinscreed.com\/staging\/microsoft-acquires-activision-blizzard.html\" target=\"_blank\" rel=\"noreferrer noopener\">Microsoft's Activision Blizzard<\/a> studio developed the famous free-to-play extraction shooter Call of Duty: Warzone.<\/p>\n\n\n\n<p>Shrapnel's reliance on Web3 and blockchain differentiates it from comparable AAA competition. In contrast to other games, such as The Division 2, where players can &#8220;extract&#8221; valuable objects to apply them to their characters and profiles, Shrapnel's assets are linked to the blockchain.<\/p>\n\n\n\n<p>According to the developer, this gives users complete ownership of the game's assets.<\/p>\n\n\n\n<p>Shrapnel will also include a set of modification tools that, in theory, could enable players or developers to add other blockchain assets for players to interact with. This could produce a compelling scenario for both seasonal competition and tournament play.<\/p>\n\n\n\n<p>According to a press release from Neon Machine, paid subscribers will have access to the game in December for early access testing. After the initial evaluation period, the company plans to release the game as a free-to-play title &#8220;sometime&#8221; in 2024.\u00a0<\/p>\n\n\n\n<p>In addition to the development and release of Shrapnel, Neon Machine plans to license its Web3 developer's API platform, <a href=\"https:\/\/www.gamebridge.io\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">GameBridge<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>, after the release.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Neon Machine, a Web3 game developer, raised $20 million in Series A funding to create Shrapnel, a highly anticipated extraction shooter similar to Call of Duty. This round follows a seed round of $10.5 million that concluded in June of 2021. Polychain Capital led the round, with participation from Griffin Gaming Partners, Brevan Howard Digital, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":62717,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[16923,4554,16924],"class_list":["post-62713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-neon-machine","tag-series-a-funding","tag-web3-game-developer"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/image-91.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/62713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=62713"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/62713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/62717"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=62713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=62713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=62713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}