Pantera and Animoca Brands have led the funding round for Metaverse Game Studios and were able to raise $10 million. The investment was participated by many companies to finance the creator of "Angelic," a popular blockchain-based game.

According to CoinDesk, Everyrealm and Solana Ventures were also leaders for the financing round for Metaverse Game Studios that made the Massively Multiplayer Online Role-Playing Game (MMORPG) titled "Angelic," which has yet to go mainstream.

While the game still needs to be fully recognized, many companies have already placed big investments as it is a very promising project. In fact, it was reported that some investors have bet eight figures for the game.

Metaverse Game Studios' flagship game is a kind of strategy combat gameplay where the player has been described as a neo-human who teams up with companions he or she met along the way. It was said that the game also has non-fungible token (NFT) items such as cosmetic gears and ships.

Angelic has a decentralized autonomous organization (DAO) mechanism as well to provide players with community governance over IP and the game. Metaverse Game Studios has been seeking funding to reach its goal of making Angelic an AAA MMORPG in the sci-fi world.

The game's developers previously worked on AAA titles such as the "League of Legends," "Halo 3," and "Far Cry." Angelic's first gameplay video was first released in September 2020, and this year, its creator is planning to unveil two demos in addition to the "Founder Series" NFTs, airdrops, and token sales.

"Angelic is building a massively multiplayer metaverse with a deep gameplay layer enriched by a sophisticated backstory," Animoca Brands' co-founder and executive chairman, Yat Siu, said in a press release. "We believe this is the right approach to help bridge the divide between blockchain games and AAA titles."

Meanwhile, aside from the four companies mentioned, the other partners of Metaverse Game Studios are Signum Capital, Fundamental Labs, Enzac Research, Double Peak, Gate.io, GSR, GGG, Play It Forward, Spark Digital, Seascape, Mintable App, Dweb3, Ingama, BreederDAO, Exnetwork Capital, IBA, Compute Ventures, UOB Venture, MC Ventures, 0x Adventure, Unix Gaming Guild, Ancient 8, Paribu Ventures, Evos Guild, Danxia Capital, Moonrock Capital, PathDAO, Qi Capital, Rainmaker, Sigma Capital Group, SL2 Capital, Waterdrip Capital, and XT Labs.