NFT game MonkeyBall raises $3M in largest ever funding round

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Play to earn arcade soccer and NFT game MonkeyBall completed a $3 million funding round from a large cohort of both angel investors and venture capitalists, Invezz learned from a press release.

MonkeyBall is a Solana-based (SOL/USD), rapid game that is like a combination of Final Fantasy and FIFA Street. Each player has a team of four monkeys and has to win soccer games against other teams. Players can earn tokens for each win, by hosting games, buying stadiums, and by cheering for winning teams in other games.

Oren Langberg, Head of Marketing at MonkeyBall, said:

Truly excited to unveil this amazing roster of investors who are supporting MonkeyBall. Play-to-earn is an exciting and quickly growing application for blockchain and NFTs, but it’s not easy to find games with great production quality. The first play-to-earn game to truly become mainstream is still in the future, and we are hard at work to realize that future for MonkeyBall.

Investors include Solana Capital, NFX, CMS, Republic

After the successful funding round, the company behind MonkeyBall can complete and launch the game. Among the investors, who included crypto and conventional VC funds as well as angels, were Solana Capital, Republic, NFX, Jump Capital, Youbi, Morningstar Ventures, iAngels, Longhash, CMS, Banter Capital, Ascentive Assets, and more.

The founders of daily fantasy and sports-betting firm DraftKings also took part. Israeli entrepreneur Shalom Meckenzie, the largest shareholder in DraftKings, said:

Play-to-earn games are a revolution in how gamers interface with the virtual world. Gaming and NFTs will be the first true mass appeal application of blockchain, all that is missing is to actually make a game that would stand tall among AAA titles. I believe the Monkey Ball team has what it takes to get there.

Gigi Levi of NFX added:

As an early-stage investor in some of the most successful mobile/casual gaming start-ups in the world, we at NFX have been looking at the booming play-to-earn market for a while now. We believe that the space will only continue to grow, and that the winners will be those 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. MonkeyBall is the best one we’ve seen yet!

MonkeyBall, which is being developed by a team of highly skilled experts, offers top quality gaming experiences and high production value. It is being developed on the Unity game engine, so it can run on mobile and desktop.

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