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Fortune

Marco Quiroz-Gutierrez

Polychain Capital among group betting $20 million that first-person shooter ‘Shrapnel’ can succeed where other Web3 games have failed

Mark Long blockchain

(Credit: Courtesy of Shrapnel)

NEON Machine, the midsized gaming company behind the upcoming blockchain-based extraction shooter Shrapnel, announced on Wednesday the close of a $20 million funding round led by Polychain Capital.

The round, which also saw investments by Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures, has been allocated almost entirely to developing the game, CEO Mark Long told Fortune. The company also raised $10.5 million in late 2021.

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