Vietnamese Blockchain Gaming Startup Summoners Arena Raises US$3 million in Seed Funding

Vietnamese blockchain-based fantasy game Summoners Arena has raised US$3 million in Seed funding from a round led by Pantera Capital, along with participation from Coinbase Ventures GuildFi, Onechain Technology, Cosmic Guild, Merit Circle, Coin98 Ventures, Impossible Finance, Spartan Group, Istari Ventures, Kyros Ventures and kyber Ventures as well as several angel investors in the crypto and gaming ecosystem including Krafton’s CEO Chang-Han Kim and Injective Labs’ Mirza Uddin.

With this funding, Summoners Arena plans to fast-track the growth of the Summonia Universe, integrating and developing new tools and features into the game to bring a new, exciting, breathtaking and unique experiences for its users. The company will also be looking at hiring more people across functions.

“People around the world are earning extra income by playing play-to-earn (P2E) games and its potential is limitless. Yet we still believe that gaming should be fun and user-friendly, which is the cornerstone of Summoners Arena’s POE model–removing barriers to entry into this space and promoting sustainable development where gamers can focus on gameplay while also enjoying financial benefits. Summoners Arena represents the future of gaming by combining quality gameplay with the ability to earn and own digital assets in the form of non-fungible tokens (NFTs),” said Hung Tran, Founder of Summoners Arena.

About Summoners Arena

Founded in 2021 by Hung Tran, Summoners Arena is an idle-RPG blockchain-based game that integrates traditional and blockchain gaming to provide countless opportunities for players to take part in immersive gameplay, experience true ownership over gaming assets whilst earning crypto assets.

Summoners Arena has had vast experience in community building, lore, graphics, and character development since it is developed from an already-established game with a strong user-base. Its play-first model puts more emphasis on well-developed gameplay and user experience, thus making it stand out from the typical earn-first P2E model of most GameFi Projects.

The company is scheduled to launch two official versions of the game, a non-blockchain F2P (free-to-play) version where users can earn digital assets and POE (play-own-earn) version. The F2P version players are rewarded with free features and characters when they join the POE version.

Summoners Arena is backed by game developer studios OneSoft, the 16^th largest game publisher in the world in 2021- as well as Sonat and Zitga. They bring together expertise across crypto and gaming backgrounds with a vision to create sustainable blockchain-based gaming experiences for gamers across the globe.