Blockchain game Apeiron raises $10m in Hashed-led funding round

South Korean blockchain investment firm Hashed, a core backer in the web3 space who have raised over $320 million in the past 12 months, have led the way in investing in Apeiron, the hottest new blockchain game on the market.

Developed by Foonie Magus, the game has now raised over $17 million at the close of their seed round for the new play-and-earn NFT god game Apeiron. The company received $3 million from pre-seed investment, $10 million from seed investment, and $4.5 million from NFT sales, putting them at over $17.5 million in total.

Hashed is a team of blockchain experts based in Seoul and the Silicon Valley. The firm has swiftly risen to become one of the biggest blockchain investment firms in Asia, and currently operates a $200M fund that backs projects with high potential.

With roots in South Korea’s adoption of new technologies, the company sees the web3 moment as a chance to “usher in a future where technology empowers individuals, and not the other way around.” In 2016, Hashed invested in Axie Infinity and The Sandbox, which have gone on to become two of the most successful NFT games.

Hashed is joined in their support of Apeiron by venture capital firms such as DeFiance Capital, Morningstar Ventures, Spartan Group, and De-Fi Capital. They will be working together with gaming guilds Guildfi, YGGSEA, Avocado, Ancient8, and Snackclub, who have been handpicked for their strategic values and long-term vision for the web3 community and beyond.

Apeiron is the world’s first NFT god game on the blockchain. Players will play as a Godling, a newborn god, and use their divine powers to help (or smite!) the Doods, cute little creatures populating the Apeiron godiverse. Players will also be able to pilot massive elemental Avatars into battle using an innovative real-time card-based combat system.

It is being developed as a play-and-earn game with a unique tri-token system. Players will be able to purchase NFTs including Planets, Stars, and powerful Relics, as well as earn tokens through play that will themselves be tradeable on the marketplace for real cryptocurrency.