Play-And-Earn Apeiron Game Secures $13.5M Seed Funding with Investment firm Hashed

Play-And-Earn Apeiron Game Secures $13.5M

South Korean blockchain investment firm Hashed, a core backer in the web3 space who has raised over $320M in the past 12 months, has led the way in investing in Apeiron. Developed by Foonie Magus, the game has now raised over 13.5M USD at the close of their seed rounds for the new play-and-earn NFT god game Apeiron.

Hashed is a team of blockchain experts based in Seoul and the Silicon Valley. The firm has swiftly risen to become one of the biggest blockchain investment firms in Asia, and currently operates a $200M fund that backs projects with high potential. With roots in South Korea’s adoption of new technologies, in 2016 Hashed invested in Axie Infinity and The Sandbox, which have gone on to become two of the most successful NFT games.

Talking about Apeiron, Joseph Young, senior associate at Hashed said: “At Hashed, we have supported innovative and creative founders in the metaverse and blockchain gaming sector since 2017, including the likes of Axie Infinity and Sandbox. We believe Apeiron’s game logic, virtual economy, and gameplay is amongst the most sophisticated in all of web 3, and are excited to back the Apeiron team to build an exciting and entertaining blockchain game that is both fun and incentivizing to play.”

Hashed is joined in their support of Apeiron by venture capital firms such as DeFiance Capital, Morningstar Ventures, Spartan Group, De-Fi Capital and Infinity Ventures Crypto. They will be working together with gaming guilds Guildfi, YGGSEA, Avocado, Ancient8, and SNACKCLUB, who have been handpicked for their strategic values and long-term vision for the web3 community and beyond.

Frank Cheng, LoreKeeper of Foonie Magus and Apeiron creator, had this to say on the groundswell of support: “We’ve spent six years now working on this project, and there have been over 28 developers who poured over five years of their lives…their blood, sweat, and tears into crafting this entertainment experience. But now all the hard work is being recognized and the dream is becoming a reality. We’re thrilled to have found partners like Hashed. Not only are they global leaders in tech investment, but also technological trailblazers — we’re inspired by their work, and with their support will push Apeiron to even greater heights!”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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