Monoverse, a Seoul, Republic of Korea-based blockchain gaming company, raised $3.1M in funding.
The round was led by Korea Real Estate Investment and Trust.
Led by CEO Jayden Lee, Monoverse is a blockchain game developer made up of business experts and game developers from the 3N Korean game companies NCSOFT, NEXON, and Netmarble.
The company intends to use the funds to keep expanding into the blockchain gaming space, with the focus on enhancing Frutti Dino, its NFT Play-to-Earn game.
Monoverse is also developing Entropy, a platform that allows any game developer studio to easily migrate their games to an Entropy sidechain and join its larger ecosystem. Entropy unlocks decentralization benefits to traditional gaming projects by removing their need to create their own sidechain.
Monoverse also announced its collaboration with Gametopia, a digital game development studio and subsidiary of Taiwanese game development and publishing company Chinese Gamer.