PlayEmber Raises $2.3 Million With Support from Shima Capital

PlayEmber, a Web3 game monetization network, has secured $2.3 million in a pre-seed round sponsored by Shima Capital. According to a press statement from the startup, the round also included investments from Big Brain Holdings, Hyperithm, Warburg Serres, Lyrik Ventures, and Huobi Ventures.

PlayEmber Facilitate Gaming Migration

Through a Unity-based software package that employs a unique monetization method, PlayEmber seeks to facilitate the migration of gaming advertising revenue from the web2 industry to the web3 market.

Hugo Furneaux and Jon Hook, the co-founders of the business, have worked extensively for and with game businesses, including Voodoo, Lion Studios, Homa Games, and BoomBit. In an interview with PocketGamer.biz, PlayEmber described how it began as a publishing house for games and game development. According to the release notes, the platform will leverage the current games studio to expedite its expansion.

NEAR Foundation Strategic Help

Additionally, the NEAR Foundation, a charity that promotes the ecosystem of the NEAR protocol, provided the firm with considerable strategic assistance.

The beta version of PlayEmber is currently operational. According to the business, the money will be used to hasten the expansion of the workforce and network.

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PlayEmber Raises $2.3 Million With Support from Shima Capital

Gungun Bhatia

Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.