A $1.5 million seed funding has been completed to create a decentralized chess game by Anichess, a division of the industry-leading blockchain gaming company Animoca Brands.
A Decentralized Chess Game Anichess Raised $1.5 Million
GameFi Ventures, The Operating Group, Koda Capital, Bing Ventures, 708 Capital, and Asymmetry Capital also contributed to the funding round. Prior to the alpha launch in the first quarter of 2024, the funds will be used for team expansion and additional game development.
About Anichess
Anichess is a community-driven, free-to-play game that is marketed as having novel tactical layers powered by magical spells. It was created in collaboration between Animoca Brands and Chess.com-owned Play Magnus Group (PMG) and its Champions Chess Tour. The basic principles of traditional chess are combined in Anichess with a so-called “spell mechanic” that consists of a variety of offensive, defensive, and counter-tactics. Through challenges, esports-like features will also be included.
We are excited about partnering with Animoca Brands to provide some of the top players and influencers in our ecosystem with a fun and different chess experience as part of our overall mission to grow the game by presenting chess in new ways to different audiences.
Grant Lee, Chief Strategy Officer Of Chess.Com
About Animoca Brands
Blockchain, gamification, and digital entertainment are the areas of expertise of Animoca Brands. They are notably committed to expanding the open metaverse and supporting digital property rights. The REVV and SAND tokens, as well as games like The Sandbox, Crazy Kings, and Crazy Defense Heroes, are just a few of the goods in their extensive portfolio.
About Chess.com
Chess.com is a social networking and online chess server. The website has a freemium business model, which means that some functions are accessible to all users for no charge, while other features require paid memberships.
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