Bitcoin-backed metaverse game raises $3.5 million

What


Video game Moonray to be launched on Bitcoin-backed Network Stacks raises $3.5 million seed round

Why

Moonray PBC CEO praised Stacks as its platform of choice due to its ties to Bitcoin

What next

Moonray will implement the Stacks network in a number of ways, including in-game collectibles, skins and weapons that are sold as NFTs

The Story

Moonray, a video game built on the Bitcoin-backed network, Stacks, has raised a $3.5 million seed round led by Animoca Brands. Unlike Ethereum-based game worlds like Decentraland, Stacks is a smart contract blockchain that rolls up its transactions and settles them to the Bitcoin network.

Developer Moonray PBC’s CEO Rodrigo Etcheto added that his studio are “big believers in Bitcoin.” Moonray will implement the Stacks network in a number of ways, including in-game collectibles, skins, and weapons that are sold as NFTs. 

Moonray will debut with both single-player and online multiplayer content. At some point after launch, the game will expand to incorporate digital online cities in which players can purchase land sold as NFTs.

To find out more about the unique elements of the Bitcoin network, visit our educational content here.

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