Monoverse Secures Over $3M Investment to Bring More Games into Blockchain

Announcements, Blockchain, Investing, News | May 4, 2022 By:

Korean blockchain gaming company Monoverse has secured a $3.1 million investment from Korea Real Estate Investment and Trust (KOREIT).

Monoverse is a new blockchain-based game developer made up of business experts and game developers from the 3N Korean game companies NCSOFT, NEXON, and Netmarble. The company’s game “Frutti Dino” is one of the most awaited NFT Play-to-Earn games of 2022. Through a partial upgrade, crafting system, and gameplay, users can “grow” their dinosaurs to become more powerful.

The investment enables Monoverse to keep expanding into the blockchain gaming space, with a focus on onboarding third-party games, both traditional and NFT-based, onto its Entropy sidechain, which unlocks decentralization benefits to traditional gaming projects by removing their need to create their own sidechain.

The company also announced a collaboration with Gametopia to bring games to Entropy, incorporating tokenomics and NFTs into their design, giving players ownership of their digital assets. The Entropy sidechain features low gas fees and high transaction processing speed, offering developers tangible advantages over Ethereum and other popular layer-1 chains.

“We are thrilled to continue developing blockchain and advanced games at the cutting edge of technology with support from Korea Real Estate Investment and Trust,” said Jayden Lee, CEO of Monoverse. “We are grateful to our community for the continued outpour of support, and we’re certain this funding round will kick our growth into a whole new gear.”

“As an expert in the growing blockchain and NFT game industry, Monoverse is well-equipped to make waves in this competitive global market,” said a representative of Korea Real Estate Investment and Trust. “We are happy to set the stage for Monoverse to grow and will actively support the project to help it sustain its success.