SNEAK PEEK
- Farcana, a UAE-based gaming studio, secures strategic investment from Animoca Brands.
- This investment propels Farcana’s goal to be a top studio in the MENA region.
- Farcana is developing a AAA Web3 third-person shooter game with Bitcoin prize pools.
In a significant development for the gaming industry, Farcana, a renowned gaming studio from the United Arab Emirates, has recently secured a strategic investment from Animoca Brands. This investment marks a pivotal moment for Farcana, propelling it towards its aspiration to become a top gaming studio in the Middle East and North Africa (MENA) region.
Farcana, recognized for its innovative approach in gaming, is currently developing a team arena third-person shooter game built on Unreal Engine 5. This game, distinguished by its competitive tournaments and Bitcoin prize pools, stands out as one of the first AAA Web3 games. It also introduces a unique “Free Mint” Bitcoin ordinals feature. Garnering significant attention, the game has attracted over 40,000 users and has conducted successful initial playtests in Dubai.
Most of the new capital injection from Animoca Brands will be channeled toward enhancing Farcana’s integration within the Bitcoin ecosystem. This investment is a critical step in preparation for the upcoming token launch and the game’s full release next year.
Animoca Brands, a leader in the Web3 sector based in Hong Kong, has worked closely with Farcana since the second quarter of 2023. Their collaboration focuses on tokenomics and market entry strategies. This partnership strengthens Animoca Brands’ presence in the MENA region and aligns with its broader vision of fostering Web3 development globally.
Yat Siu, co-founder and executive chairman of Animoca Brands, has lauded Farcana’s progress. He emphasized the strategic nature of the investment, viewing it as a part of Animoca Brands’ commitment to advancing Web3 in the MENA region. Siu highlighted the region’s rapid modernization and embrace of emerging technologies, expressing excitement over supporting partners like Farcana.
Ilman Shazhaev, the founder and CEO of Farcana, expressed his enthusiasm about the partnership with Animoca Brands. He noted the productive collaboration between the two teams, particularly in redesigning tokenomics and enhancing the in-game economy. Shazhaev described the investment as a significant milestone for Farcana, especially in the context of the bear market. He expressed confidence in delivering one of the best Web3 games next year.
This development comes when Dubai’s digital economy receives a significant boost, with initiatives like the “Dubai Program for Gaming 2033” launched by HH Sheikh Hamdan, Crown Prince of Dubai. Farcana’s trajectory, complemented by the support of Web3 partners like Animoca Brands, aligns seamlessly with Dubai’s ambitious vision for the gaming sector and its digital economy.
