Web3 Game Development Company Cinder Studios Closed Series A Funding Round Led by Animoca Brands

Web3 game development company Cinder Studios has closed a Series A round of funding led by Animoca Brands for an undisclosed amount. The funds raised will be used to accelerate Cinder's product development, including developing P2E games, minting new avatars, and launching exclusive tokens. Cinder is an MMO game on Solana whose users access the metaverse through collectible Solana NFT avatars, giving owners access to the game's unique Play-to-Earn and Create-to-Earn features.