Play-to-earn arcade soccer game MonkeyBall is in full celebratory mode after raising $3 Million in its initial funding round. The Solana-based game received the nod and full backing of Crypto and Gaming’s top VCs and founders. With this, MonkeyBall has enough firepower to complete its roadmap and launch an AAA-grade gaming experience.
More about MonkeyBall’s Initial Funding Round
The play-to-earn startup now counts Solana Capital, Republic, NFX, Jump, ZBS Capital, MarketAcross, CMS and MorningStar Ventures as its investors.
Meanwhile, angels who took part in the investment round are Shalom Meckenzie and founders of DraftKings; Noam Lanir, founder of Livermore, Tamir Carmi co-founder of IronSource; founders from Dafabet, Nimrod Lehavi, co-founder of Simplex; Yoni Assia, co-founder of eToro; Joe Mccann, Yenwen Feng, Shao-Kang Lee, co-founders of Perpetual Protocol and Shahaf Bar-Geffen the CEO of Coti who will serve as MonkeyBall’s Chairman.
According to the team, from the get-go, they wanted to attract e a solid mix of founders that could add entrepreneurial value based on their track record. So it was really a priority to pull in top VCs with vast networks and traditional VCs with gaming expertise. Fortunately, that’s precisely what happened.
The team will use the funds to complete the project’s milestones, starting with the Monkey NFT Drop by December. Moreover, the first version of the game will be released by Q1 of 2022.
Oren Langberg, Head of Marketing at MonkeyBall, explained how they would use the funds to stand out. He 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.”
Exploring the Gameplay and Opportunities
In terms of gameplay, MonekyBall is an intersection between FIFA Street and Final Fantasy. It features matches between two teams, each with 4 Monkeys playing the positions of Scorer, Defender, Midfielder, and Goalkeeper positions. With six rounds of play per half, the first team to 3 goals wins.
Players can also boost their monkeys’ abilities and in-game performance by increasing their morale and caring for and training them. The upcoming Monkey NFT Drop is crucial because a monkey’s DNA and rarity affect the player’s ability to play and win matches. The generation zero monkeys have a fixed supply of 5000.
Furthermore, stadium owners are rewarded for matches they host. Meanwhile, other players can be spectators and influence the gameplay by cheering for a winning team to increase their gameplay. So whenever a match ends, the in-game currency token, MonkeyBucks ($MBS), is split between three parties. The winning team, the Stadium owner and the spectators who rooted for the winning team, will all receive $MBS.
The gameplay is definitely unique and now that the team has enough funds to turn their vision into reality, the future looks bright! For more information, you can visit their website and Medium account.