Studio369 raises $5 million to advance development of Web3 MMO MetalCore

Studio369 has secured a formidable $5 million in funding to propel the evolution of its revolutionary MetalCore project, as reported by VentureBeat. This significant financial boost was made possible through the participation of esteemed blockchain entities such as Bitkraft Ventures, Delphi Digital, Sanctor Capital, and Spartan Group.

With this injection of capital, Studio369, under the leadership of CEO Matt Candler, is poised to accelerate the development of MetalCore. Candler affirmed that these fresh resources will be instrumental in refining MetalCore to unprecedented levels, ensuring it delivers an unparalleled gaming experience.

Expressing enthusiasm for the continued support from gaming industry luminaries, Candler remarked, “We are thrilled to witness the endorsement of MetalCore’s vision by some of the most influential companies and personalities in the gaming sphere. The additional funding will enable us to further polish MetalCore, guaranteeing a game that is not only immensely enjoyable but truly remarkable.”

Among MetalCore’s exciting features is an AI-powered “dynamic mission system,” promising players a constantly evolving and diverse array of missions. This innovation aims to enhance replayability and engagement, setting MetalCore apart as a dynamic and immersive gaming experience.

Following a successful playtest in February, exclusively accessible to selected players, Studio369 is gearing up to launch an open beta test in the coming months, inviting a broader audience to experience MetalCore firsthand.

As the pioneer open-world mech combat game on the Web3 platform, MetalCore thrusts players into epic battles for dominion over resource-rich territories on an alien planet. Developed by a seasoned team of industry veterans hailing from esteemed companies like Activision, Lucasfilm, Midway, and Disney, MetalCore is poised to redefine gaming standards.

This latest funding round follows MetalCore’s previous success, having secured $15 million in undisclosed financing in March 2022, with backing from BITKRAFT Ventures, Delphi Digital, Immutable Capital, and other notable investors. Notably, MetalCore clinched the prestigious GAM3 2022 Award for Best Shooter Game, solidifying its position as an industry game-changer.


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