Embarking on its cosmic journey, Farcana, a sci-fi hero shooter, has secured a stellar $10 million in seed funding from prominent backers like Animoca Brands and Polygon Ventures. This funding injection propels Farcana, still in early development, toward becoming a groundbreaking NFT esports game that offers Bitcoin rewards and promises an innovative play-to-earn model.
The Galactic Backers
The Farcana team orchestrated an impressive funding round, drawing support from key investors in the blockchain and gaming spheres. Animoca Brands, known for its strategic investments in blockchain games, joined forces with Polygon Ventures, Fenbushi Capital, Merit Circle, Rarestone Capital, and MMPro Trust, among others.
Fenbushi Capital Investment Director Clarence Zhou expressed optimism about Farcana’s potential, stating, “We believe Farcana has the potential to be the next iconic blockchain game and continuously bring new users to Web3.”
Animoca Brands co-founder Yat Siu, emphasizing the collaborative journey, said, “We have been working with Farcana over the past year, and we’ve been impressed with the development and traction it’s received so far.”
Farcana’s Cosmic Gameplay
Drawing inspiration from popular titles like Overwatch and Valorant, Farcana positions itself as a third-person multiplayer shooter game set in a near-future where humanity has migrated to Mars. The game introduces a compelling narrative where players, endowed with powers from the superpower substance Axelar, engage in an ongoing tournament, known as Farcana, on Mars.
Carlos “Ocelote” Rodriguez, founder of G2 Esports and an advisor to the Farcana team, adds strategic expertise to the mix. The MENA-based team has already made significant strides, collaborating with Dubai’s Economy and Tourism department for a pre-alpha game playtest at the Dubai Esports Festival in June 2023.
Web3 Development in MENA
Farcana aligns with the broader vision of Animoca Brands to drive Web3 development in the Middle East and North Africa (MENA) region. Yat Siu highlighted this strategic investment, stating, “The region is rapidly modernizing and adopting emerging technologies, and we’re excited to support partners such as Farcana as they actively lead the sector and bring exciting products to market.”
A Glimpse Into Farcana’s Future
The infusion of $10 million in seed funding signifies a crucial milestone for Farcana. The game aims to incorporate blockchain elements, introducing a play-to-earn tournament feature that rewards the top 10% of players with Bitcoin. Operating on a free-to-play model, Farcana also plans to integrate optional features like a battle pass, NFTs, and crafting.
In a unique twist, every in-game item, from character and weapon skins to pets, graffiti, voicelines, and charms, will exist as NFTs. The FAR token will serve as the primary currency for all transactions within the Farcana ecosystem.
Ethereum Scaling and NFT Minting
Farcana is set to leverage the Ethereum scaling network Polygon to enhance scalability and reduce transaction costs. The game has scheduled a free mint event for “Mars Enigma Vault” NFTs on December 19, further amplifying the excitement and engagement within its community.
As Farcana advances toward its beta launch, the infusion of funds and strategic partnerships positions it as a rising star in the NFT gaming constellation. The fusion of blockchain, NFTs, and Bitcoin rewards promises players an immersive gaming experience in the evolving landscape of decentralized entertainment. Get ready to explore the cosmos with Farcana!
