Singaporean game developer Foonie Magus raises over $17 million for NFT game Apeiron

Singapore-based game developer Foonie Magus said on Monday it had raised more than $17 million as it closed its funding round for new non-fungible token (NFT) game Apeiron.

The company said in a statement that $3 million came from pre-seed, $10 million from seed, and an additional $4.5 million from the first round of NFT sales.

Investors in South Korea’s Hashed blockchain and venture capital firms such as DeFiance Capital, Morningstar Ventures, Spartan Group and De-Fi Capital participated in the round, according to the statement.

They will work with gaming guilds Guildfi, YGGSEA, Avocado, Ancient8, and Snackclub, which have been hand-picked for their strategic values ​​and long-term vision for the web3 community and beyond.

With the funding round closing, Apeiron begins its private and community investment rounds, which will lead to the game’s TGE (Token Generation Event) scheduled for late May.

Foonie Magus is aiming to raise an additional $10.7 million from those three rounds to prepare for its global debut in the fourth quarter of this year.

“We spent six years working on this project, and there were over 28 developers who dedicated over five years of their lives… their blood, sweat and tears to creating this entertainment experience. But now all the hard work is paying off and the dream is coming true. We’re thrilled to have found partners who share our crazy visions, and we’re about to do one hell of a ride for the entire gaming industry that will present a memorable experience to share and own together,” said Frank Cheng, Chief Executive Director of Foonie Magus and creator of Apeiron.

Apeiron is the world’s first NFT-based god game. It will feature a unique card-based action-adventure battle system combined with god-game simulation gameplay inspired by classic god-games like Populous and Black & White.

Players can build planets from above before descending to the ground as an avatar to solve the mysteries of the universe. Players will grow their planet to the point of development stagnation, then reset the planetary cycle via an Armageddon event to allow for even more advancement and exciting late-game alliance-level GvE and GvG activity.

Apeiron will use a three-token architecture, which means there will be three separate tokens to navigate their ecosystem: a governance token, a game to earn a token, and a premium team to earn a token.

Apeiron’s Planet NFTs are currently available for purchase on the OpenSea marketplace with a floor price of 0.15 ETH.

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