Despite the current decline in the cryptocurrency market, game studios continue to receive money from investors for blockchain projects. This time, the funding round was announced by UnCaged Studios, which is developing a football MonkeyLeague within the framework of the “play to earn” concept.
Griffin Gaming Partners, Vgames and other investors invested $24 million in the studio.
The management of UnCaged Studios noted that many blockchain games being created now are “not of the quality they should be.” The studio itself wants to create games and communities that will be sustainable for many years to come.
UnCaged Studios was founded by brothers Raz and Tal Friedman (Raz, Tal Friedman), who previously worked at Playtika.