Farcana, a free-to-play third-person PC arena shooter, has received a strategic investment boost from Animoca Brands. This funding will support the United Arab Emirates-based gaming studio’s mission to become a leading gaming force in the Middle East and North Africa (MENA) region. Notably, this follows Animoca Brands’ recent partnership with Saudi Arabia’s NEOM.
Developed on Unreal Engine 5, Farcana has garnered attention for its innovative features, including competitive tournaments and permanent Bitcoin prize pools. It has notably incorporated “Free Mint” Bitcoin tokens, marking itself as a pioneer in the web3 gaming space. With a growing user base exceeding 40,000 players,Farcana’s trajectory appears promising, especially following successful initial playtesting in Dubai and plans for upcoming tournaments.
While the specific investment amount remains undisclosed, Farcana plans to allocate a significant portion of the funds towards its beta launch and ongoing development in the Bitcoin ecosystem. The company is gearing up for a token launch and a full game release, expected in early 2024.
Farcana and Animoca Brands Executives Discuss the Strategic Investment
Yat Siu, co-founder and executive chairman of Animoca Brands, commented on the investment, stating, “Having worked closely with Farcana over the past year, we are impressed with its development and traction. Our strategic investment supports Animoca Brands’ goal to drive web3 development in the MENA region. As emerging technologies gain momentum here, we are excited to back Farcana’s pioneering efforts in this sector.”
Ilman Shazhaev, founder and CEO of Farcana, reflected on the partnership: “Our collaboration with Animoca Brands’ advisory team this year has been transformative. By redesigning our tokenomics, enhancing the in-game economy, and refining our market strategy, we’ve experienced fruitful teamwork. The investment from Animoca Brands is a significant milestone for Farcana. Despite the bear market, we stayed focused on creating a top-tier web3 game and look forward to its launch next year.”
