Studio369, the game development company behind the upcoming blockchain-powered multiplayer PvP-focused shooter MetalCore, has announced the successful raise of $5 million via a new funding round, from BITKRAFT Ventures, Delphi Digital, Sanctor Capital, and a host of other esteemed investors.

“We are excited to see that some of the most prominent companies and influencers in gaming continue to share and support our vision of MetalCore,” said Studio369 CEO Matt Candler. “The additional funding will help us hone and sharpen MetalCore even further to deliver the most fun, engaging, and awesome experience.”

Fresh $5M Funding

MetalCore is an NFT-based, open-world, mechanized combat game. Within its unique sci-fi world, users can fight for economic and military supremacy against a host of other players, both on foot or driving one of the futuristic vehicles, including giant mechs. Set in an alien world, players can take part in real-time armored combat, oversee tactical aerial and ground skirmishes, or spend time building their empires.

This latest funding round also saw participation from notable investors such as SpartanGroup, King River Digital Assets, Arrington Capital, Amber, Auros, Zeneca, Grail, Spirit Dao, LiquidX, Aggero, FatCats, Sonic Boom Ventures, Rarestone, Cypher Capital, Cogitant Ventures, EllioTrades and Citizen Capital. 

Studio369 said they will use the newly raised funds for the continued development and upcoming features, such as a never-seen-before dynamic mission system that leverages artificial intelligence (AI) to generate unique assignments, objectives, and tasks. These ensure infinite replayability and a never-ending stream of diverse, engaging scenarios.

Studio369 and Immutable

Studio369 is collaborating closely with Immutable (IMX). The web3 MMO MetalCore is set to deploy on Immutable’s recently launched zkEVM mainnet, marking it as one of the first titles within this ecosystem. The open beta launch is anticipated in the spring of 2024, providing players with an extended opportunity to explore the evolving world of MetalCore.

MetalCore was conceived by a team of industry veterans, each with more than a decade of experience at gaming giants like Activision, Lucasfilm, Midway, and Phosphor. Their portfolios include work on iconic games and franchises such as Mechwarrior 2, Gears of War, Mortal Kombat, Silent Hill, Killer Instinct, Front Mission, LOTR Return to Moria, World of Mechs VR, and more. In the past, MetalCore has already won our GAM3 2022 Award for Best Shooter Game and previously raised $15 million.

More About MetalCore?

MetalCore is an open-world combined arms game with massive battlefields where frenzied players fight for their factions in territorial conquest. Players will be able to craft and trade vehicles and gear, recruit pilots, develop land, and engage in other activities as they fight for planetary domination.

Players can engage in massive player-versus-player (PVP) encounters and face AI-enhanced enemies while fighting on foot and piloting a wide array of combat vehicles and giant mechs.

With customizable load-outs and unique variants, players will experience hours and hours of novel gameplay. The game features a ‘scanning’ system, allowing players to obtain the Vehicle Blueprints from their fallen foes, create new weapons and vehicles, convert them to Web3 assets, and trade them on the marketplace.

More About Studio369?

Studio369 is a team of Unreal Engine experts focused on PC and console platforms. The company brings decades of industry experience to its projects, with its members having previously worked on hit titles such as MechWarrior 2, Mortal Combat, Gears of War, The Walking Dead, Star Trek, MechWarrior 2, Nether, and Outpost Zero. The Team has extensive experience with Unreal Engine, with the core skill set centered on developing and operating multiplayer open-world games. 

More About Immutable?

Immutable is a global leader in web3 game development and publishing, backed by a world-class team who have proven track records of bringing games to millions of players. The gaming-focused arm of web3 gaming company Immutable, Immutable pioneered the world’s first blockbuster NFT trading-card game Gods Unchained. Alongside its own high-quality titles, Immutable partners with third-party game developers to provide them with best-in-class strategy and execution expertise. Immutable is guided by its mission to redefine gaming for generations to come.