• MonkeyBall, a play-to-earn NFT game based in Solana, has raised $3 million

  • MonkeyBall, a crypto startup developing a Solana-based play-to-earn NFT game, has raised $3 million in seed funding.

    Several investors participated in the round, including Jump Capital, CMS Holdings, Solana Capital, 6th Man Ventures, and NFX, among others.

    Angel investors included billionaire Shalom Meckenzie, one of DraftKings’ largest shareholders; Yoni Assia, co-founder of eToro; Nimrod Lehavi, co-founder of Simplex; and Shahaf Bar-Geffen, CEO of crypto payments startup COTI. Bar-Geffen will also be the chairman of MonkeyBall.

    The founders and core team of MonkeyBall are Israeli, according to Bar-Geffen. According to Bar-Geffen, the startup currently has 17 employees and plans to hire more with the new funding.

    MonkeyBall is developing an NFT soccer game that will reward both players and spectators. According to MonkeyBall, the game is “an intersection between FIFA Street and Final Fantasy.” For winning or attending other people’s games, players will be able to earn MonkeyBucks ($MBS) tokens.

    Play-to-earn NFT games are a rapidly expanding use of blockchain technology.

    Gigi Levy-Weiss, general partner at NFX, believes the space will only expand. “The teams that combine the best of blockchain know-how with amazing game-design capabilities, that know how to utilize and unite the best of both Blockchain and ‘traditional’ gaming sectors, will be the winners,” he said. “This is the best one we’ve seen yet!”

    The game is being developed using the Unity Technologies engine and will be available on both desktop and mobile platforms. According to Bar-Geffen, it will be released “around Christmas.”

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