Monobus Raises 4 Billion KRW in Pre-Series A Funding from Korea Land Trust

Published 02 May.2022 10:20(KST)

[Asia Economy Reporter Hyungsoo Park] Monoverse, a blockchain game and platform developer, announced on the 2nd that it has completed a Pre-Series A investment round worth 4 billion KRW. This was achieved based on the strong evaluation of the game project being carried out by a team of former employees from leading domestic game companies, along with Monoverse's long-accumulated blockchain technology expertise.

Monoverse explained that by successfully securing the investment, its in-house development capabilities for simultaneously developing NFT games and blockchain game platforms have been recognized. The ongoing blockchain projects are expected to gain momentum.

A representative from Korea Land Trust stated, "We proceeded with the investment based on the judgment that Monoverse's expertise and technological capabilities are sufficiently competitive in the rapidly growing global blockchain and NFT game market."

Monoverse is currently developing the P2E (Play to Earn) game ‘Frutti Dino’ while also developing the game platform ‘Entropy,’ which can service blockchain games based on sidechain technology. Although Frutti Dino is still in pre-service, NFTs have already been sold through Binance, the largest exchange.

Frutti Dino is being developed as a P2E NFT game that builds an NFT game ecosystem considering ‘game DeFi’ and ‘tokenomics’ based on content optimized for P2E.

In addition to the NFT game currently in preparation, Monoverse is also preparing its own blockchain platform, Entropy, which can onboard various blockchain games. Entropy is a sidechain technology for NFT game services, expected to solve issues related to public chain speed and gas fees. Based on Entropy, Monoverse plans to onboard not only Frutti Dino but also third-party NFT games.