Big Idea:

Neon Machine, a Web3 gaming developer, secured $20 million in Series A funding from Polychain Capital for their upcoming game, Shrapnel. This investment merges traditional gaming with Web3 innovation, where players are able to own digital collectible assets in the game that are valuable in the broader crypto ecosystem.

Why It Matters:

This is one of the first “AAA” games produced with Web3 gaming mechanics and a “AAA” aesthetic and gameplay designed to go up against big budget franchises like Call of Duty. 

Key Details:

• Neon Machine secured $20M in Series A funding, adding to the $2.3 billion raised in the Web3 gaming sector in 2023.
• Shrapnel, a blockchain-based AAA first-person shooter game, integrates player ownership through blockchain technology.
• The fusion of traditional gaming prowess and blockchain tech could redefine standards in the gaming industry.

Mark Long, CEO of Shrapnel, states, “We had a collective dream to break the mold of the traditional game development cycle and design a blockbuster-quality shooter where players truly own and create game assets.”

What's Next:

Shrapnel's anticipated 2024 launch could mark a watershed moment for blockchain gaming, influencing future developments in the industry. Neon Machine's post-launch plans to license GameBridge, its Web3 API platform, suggest broader applications and potential collaborations.

Dive Deeper:

The development of Shrapnel leverages the experience of veterans from iconic games like Halo and Call of Duty, offering a unique blend of storytelling, gameplay, and player engagement enhanced by blockchain's potential for asset ownership.

The Intrigue:

With Shrapnel, Neon Machine is not just launching a game but also pioneering a model where in-game assets hold real-world value. This raises questions on whether players will be drawn more by the financial aspects of games or remain loyal to traditional gameplay and cultural allure.