Chibi Clash Next-Gen Metaverse Game Has Received $3 Million In Funding

Chibi Clash, a new-generation metaverse-themed battleground using NFTs, has completed its funding round, hinting potentially a decentralized exchange offering.

Chibi Clash has completed its private sale, raising $3 million

Chibi Clash, an on-chain asynchronous peer-to-peer game where players can recruit, upgrade and send their troops into battle, has successfully closed its funding round.

The total amount raised has surpassed $3 million. Chibi Clash received funding from a slew of high-profile venture capital firms, including Alliance, Genblock Capital, Jump Capital, C2 Ventures, Kyros Ventures, NGC Fund, PANONY, PetRock Capital, Polygon Ventures, Shima Capital, Avocado DAO, and Rainmaker Games.

In addition, well-known business angels such as Nick Chong, Jack Teoh, Santiago Santos, Cozomo de Medici, Peter Ing, and others contributed to the round.

Ted Mui, the founder of Chibi, is ecstatic with the global Web3 community’s support and believes that additional funding will aid his team in scaling and promoting their product:

We are thrilled to be working with amazing investors who share our vision in web3 gaming. Coming from the mobile gaming world, I believe web3 gaming has the potential to disrupt the gaming ecosystem by creating value for players and collectors. We are still in the early stages of web3, and with Chibi Clash I believe we can build a fun and sustainable play-to-own ecosystem that will appeal to both traditional gamers and crypto enthusiasts alike.

Introducing CLASH, a novel gaming utility token

Urvit Goel, VP of Games BD at Polygon Ventures, highlights the ground-breaking vision of the Chibi Clash team and the significant progress it has already accomplished:

Chibi Clash is creating one of a kind web3 gaming universe driven by fun and addictive PvP gaming experiences. We are excited to be on this journey with Chibi Clash and fully support their development of groundbreaking play-and-earn gaming ecosystem on Polygon.

This round was the last one before the initial decentralized exchange offering (IDO) of CLASH token. This token is a one-stop in-game asset for all Chibi Clash activities.

Technically, the game represents the free-to-play gaming ecosystem where the holders of special Chibi Legend NFTs can leverage premium tooling and unlock extra opportunities.

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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