Web3 game company Gacha Monsters completes US$3 million in seed round financing, led by Animoca Brands

On December 8th, the Japanese entertainment and gaming startup Gacha Monsters completed a $3 million seed round of financing, led by Animoca Brands and with participation from Infinity Ventures Crypto, FBG, and Big Time Games. The new funds will be used to create and distribute various forms of intellectual property (IP), such as video games, anime, manga, physical goods, and Web3.
It is reported that Gacha Monsters' first self-developed game is Poglin, and the alpha version will be launched in Q1 of 2024. The company plans to make Poglin a multimedia IP that covers anime, games, Web3, and physical goods.