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Home News Funding & VC

MadWorld Opens Early Access Playtest Registration After Raisng $11M

March 18, 2024 - Updated on July 7, 2024
in Funding & VC, Game Releases & Updates, News
Reading Time: 1 min read
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Juice Gaming News | Web3 Gaming

Juice Gaming News | Web3 Gaming

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MadWorld, a post-apocalyptic mobile shooter game, has opened its early access playtest, allowing players to test out its NFT-based territory control elements. Interestingly, Carbonated, the studio behind MadWorld, has raised $11M in fresh funding from prominent backers.

The studio was established by a group of video gaming industry veterans with experience from PlayStation and Electronic Arts. Carbonated Inc. disclosed that Com2uS, a well-known South Korean gaming giant, led the Series A funding round. Additionally, Com2uS is the current provider of the XPLA blockchain network MadWorld uses for its on-chain elements.

Other participants in the Series A round include Andreessen Horowitz, Bitkraft Ventures, Cypher Capital, Blocore, Goal Ventures, and WAGMI Ventures. In 2020, Carbonated raised $8.5 million with the participation of Andreessen Horowitz and Bitkraft Ventures.

MadWorld is expected to launch this year, allowing players to own, upgrade, and trade tokenized versions of real-world locations on a hex grid of over 250,000 land plots. Players who form in-game clans must pay “tribute” to the NFT landowner before gaining access to the available resources and benefits of the land. All transactions in MadWorld are made in Rounds, an in-game currency that will soon be an on-chain cryptocurrency.

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Sponges

Sponges is a gamer and avid reader who began his journey into Web3 gaming as an enthusiast in 2020. Since then, he has pivoted himself as a writer who aims simplify stories for readers.

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