Vietnam’s play-to-earn game firm Summoners Arena raises $3 mln seed round

Coinbase Ventures, Onechain Technology, GuildFi, Merit Circle, Cosmic Guild, Coin98 Ventures, Istari Ventures, Spartan Group, Impossible Finance, Kyber Ventures, and Kyros Ventures also participated.

They were joined by angels, including Krafton CEO Chang-Han Kim and Injective Labs Head of Business Development Mirza Uddin.

The fund will be used to accelerate the growth of the Summonia universe, developing and integrating new features and tools into the game to bring a new compelling, breathtaking and unique experience for our users.

A portion of the funding will also be channelled to bring on new hires across all functions. Summoners Arena is backed by game developer studios OneSoft, Zitga, and Sonat.

Founded in 2021, Summoners Arena is built on Binance Smart Chain as an idle RPG game where players explore the Summonia Metaverse as Summoners. Players need to summon Heroes to engage in five-vs-five battles with their fellow Summoners in various game modes.

Moreover, Summoners Arena also received strategic backing from EM3 DAO, BTC12, Lead Capital, Ocular Crypto, DayZeroFund among other parties that have trusted in our visions and walked with us side-by-side from the beginning. Summoners Arena team would like to once again, express our heartfelt gratitude, we just cannot be more grateful for the generous support shown by all of our backers.