Infinite Fleet, a Hong Kong-based sci-fi massively multiplayer online (MMO) strategy game created by Blockstream CSO and Pixelmatic CEO Samson Mow, has completed a funding round totaling $3.1m through a private security token offering (STO).
This initial round was led by crypto industry leaders such as Charlie Lee (the creator of Litecoin), Adam Back (inventor of HashCash and CEO of Blockstream), and Max Keiser (host of the Keiser Report and founder of Heisenberg Capital).
Infinite Fleet is an online strategy game in which thousands of players command fleets of customizable spaceships and play cooperatively to fend off an alien threat, leaving their legacy in the game’s lore via its unique directed narrative feature. The game draws inspiration from space real-time strategy (RTS) and MMO classics like Homeworld and EVE Online, while integrating a crypto asset to power its in-game peer-to-peer economy.
Infinite Fleet further leverages blockchain technology for its fundraising. Exordium Limited, the game’s publisher, has launched a security token representing equity and profit sharing rights, making it the first game project in the crypto industry to pursue funding through a regulated security.
The security token, called EXO, is issued on Liquid Securities, a platform for the tokenization of securities built on the Liquid sidechain of Bitcoin. The project planned for a $3 million private sale, and the round was oversubscribed after an allocation on the BnkToTheFuture investment platform sold out within 24 hours.
Infinite Fleet’s development team is led by veteran AAA game developers that have worked on franchises such as Age of Empires, Homeworld, Company of Heroes, and Dawn of War – top rated RTS games that have grossed over $1.2 billion globally. The game’s closed alpha is expected to be released towards the end of 2020.