Pixion Games, the company behind Fableborne, has successfully completed a strategic fundraising round, securing a total of $12.4 million. The round was led by Delphi Ventures, with additional support from several notable players in the web3 space, including Spartan Capital, Sky Mavis, L1D, Arete Capital, Animoca Brands, and Yield Guild Games (YGG). This investment marks an important step for Fableborne, as it aims to enhance the mobile gaming landscape through the integration of web3 technology, with a focus on accessibility and innovation.

Web3 Mobile Game Fableborne Raises $12.4 Million

Importance of Mobile in Web3

Mobile gaming has become the dominant force in the global gaming market, contributing to more than half of the total gaming revenue worldwide. A recent report by Sensor Tower revealed that IAP revenue from mobile games climbed to $81 billion in 2024, representing a 4% year-over-year increase. Despite its prominence, web3 gaming has struggled to gain significant traction within this sector. Fableborne sees a significant opportunity in bridging this gap.

The company’s mission is to enhance the mobile gaming experience by incorporating blockchain technology, which will introduce new players, experiences, and ideas into the space. By combining the action of ARPGs (action role-playing games) with strategic base-building mechanics, Fableborne aims to create a unique gaming experience that could appeal to a wide range of players. 

Mobile Game IAP Revenue Growth

How the Funding Will Impact Development

The recent funding raise will play a critical role in accelerating the development of Fableborne. The additional resources will help scale up the game's development, enabling the introduction of new features, improved gameplay mechanics, and a more polished experience for players. Furthermore, the funding will support the launch of $POWER, Fableborne's native token, which is expected to enhance in-game player ownership and contribute to the development of a thriving in-game economy.

In addition, the funds will help expand the Power Protocol ecosystem, a platform designed to provide dynamic opportunities for players and builders alike, ensuring the long-term sustainability and growth of Fableborne's ecosystem. The investment also allows Fableborne to strengthen its development team, ensuring the game benefits from the expertise of world-class developers, designers, and creatives. This expanded team will be integral to bringing the company’s vision to life and creating a game that stands out in the growing web3 space.

Fableborne Logo and Key Art

Strategic Partnerships and Industry Support

Fableborne's vision for the future of mobile web3 gaming is further supported by a group of respected industry leaders. Delphi Ventures, a well-known investor in the web3 space, is leading the funding round, underscoring their confidence in the project’s potential. Sky Mavis, the team behind Axie Infinity and the Ronin blockchain, brings valuable expertise in the web3 gaming sector, while Animoca Brands is recognized for its experience in blockchain gaming and NFTs. Yield Guild Games (YGG), known for its focus on the play-to-earn model, also joins as a key partner. These partnerships reflect a shared belief in the importance of mobile as a driving force for the mainstream adoption of web3 gaming.

Looking Ahead: What’s Next for Fableborne

The funding marks a pivotal moment in Fableborne’s journey, and the company is now looking ahead to its next steps. With the development of new features and content, Fableborne is working to bring its vision of mobile-first web3 gaming to life. Upcoming milestones include the launch of $POWER, the game’s native token, and the next season of gameplay, which will center around the $POWER token economy and its role within the game. Fableborne also plans to continue expanding its ecosystem and will provide more details on upcoming developments during future events, including Twitter Spaces discussions with key figures from Sky Mavis and Delphi Ventures.