VN game studio gets US$6.8 million investment
The Sipher company of Vietnamese businessman Nguyen Trung Tin has received US$6.8 million in investment in the latest capital raising round.
After the success of Axie Infinity, international investors have flocked to Southeast Asia to look for promising projects in the field of blockchain games and NFT digital items.
In the craze for blockchain games, Sipher game studio has announced it successfully raised $6.8 million from three international investors - Hashed, Arrington Capital and Konvoy Ventures.
Sipher builds a MOBA game with the same ambitions as the League of Legends but in an open universe metaverse.
The battle system and in-game features have not been revealed yet, as the game is still in the opening phase of NFT characters. However, more than 20,000 virtual characters sold out in September and October.
The game developer plans to introduce the first gameplay and open the sale of the virtual currency in the game in March 2022.
Businessman Nguyen Trung Tin, 34, is the son of the founder of Trung Thuy Group - Mrs. Duong Thanh Thuy. He was appointed General Director of the group in 2015 but is best known for his marriage to Miss Vietnam 2017 Dang Thu Thao.
Startup Sky Mavis with the game Axie Infinity has surprised the Vietnamese startup community when it reached a huge total market capitalization - US$2.4 billion - after three years since its release, a record time in the Asian technology world.