Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Animoca Brands' Anichess Secures $1.5M for Decentralized Chess Game

Animoca Brands' Anichess Secures $1.5M for Decentralized Chess Game

CoindeskCoindesk2023/06/22 12:28
By:Brandy Betz

The game, launching in early 2024, was made in partnership with Chess.com.

Animoca's Anichess raises $1.5 million for upcoming decentralized chess game (PIRO4D/Pixabay)

, a subsidiary of blockchain gaming giant , has completed a $1.5 million seed round to develop a decentralized chess game. The round was backed by GameFi Ventures, The Operating Group, Koda Capital, Bing Ventures, 708 Capital and Asymmetry Capital. The capital will go toward team expansion and further game development ahead of the alpha launch in the first quarter of 2024.

Anichess, made in partnership between Animoca Brands and Chess.com-owned Play Magnus Group (PMG) and its Champions Chess Tour, is a community-driven, free-to-play game that’s billed as having “new strategic layers powered by magical spells.” Anichess combines the core rules of a classic chess game with a so-called “spell mechanic” that includes a range of offensive, defensive and counter tactics. There will also be esports-like elements added through challenges.

, which acquired PMG in December, has more than 100 million registered users.

Grant Lee, chief strategy officer of , said in the press release: "We are excited about partnering with Animoca Brands to provide some of the top players and influencers in our ecosystem with a fun and different chess experience as part of our overall mission to grow the game by presenting chess in new ways to different audiences."

See Also:

Edited by Toby Leah Bochan.

84

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

July 2024: Optimizing Balanced Through New Development

In July, ICON advanced its integration efforts and optimized system performance. Key achievements including completion of audits for Stellar, and contracts for Solana. Looking ahead to August we anticipate the deployment of Sui contracts to mainnet.|

Icon Foundation Blog2024/08/06 11:15