Singapore-based gaming-focused Web3 startup Planetarium Labs has closed a $32 million Series A funding round led by NFT game developer Animoca Brands.

We are excited to announce that Planetarium Labs has closed Series A with the following. @animocabrandsCocoa/Krust, Wemade/@WemixNetwork, @SamsungNext Laying the groundwork for a generation of Web3 games powered and managed by the community.https://t.co/82QtzPoGHs

— Planetarium (@planetariumhq) 7 July 2022

The tour also featured Krust Universe, the investment arm of Korean tech giant Kakao, South Korean video game developer WeMade and Samsung Next.

“Instead of simply adding in-game earning elements or free tokens to games, we are redesigning community-driven content and providing tools for studios to engage more deeply with their players and investors,” said co-founder Kijun Seo. Planetarium Labs in a comment to The Block.

The startup plans to launch several games with “major game studios in the Asia-Pacific region”. Planetarium Labs also plans to expand the team from 25 to 40 people.

According to Seo, representatives of Animoca Brands will join the venture’s board of directors.

Animoca Brands acquired Grease Monkey Games for an undisclosed sum and game developer Eden Games for $16 million.

Recall that Bank of America analysts noted the interest of investors in the industry and the Web-3 segment against the background of the crypto winter.

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