In a groundbreaking move, Farcana, a UAE-based gaming startup, has secured a strategic investment from Animoca Brands, a prominent Web3 industry leader headquartered in Hong Kong. This collaboration aims to propel Farcana’s beta launch and development within the Bitcoin ecosystem, marking a significant milestone in the evolution of Web3 gaming. The infusion of capital is set to enhance Farcana’s position in the MENA gaming sector, aligning with the ambitious vision outlined in Dubai’s recently launched “Dubai Program for Gaming 2033.”
1. Farcana: Revolutionizing Multiplayer Online Games
Blockchain Integration and Unreal Engine 5
Farcana, with its headquarters in the UAE, stands out as a gaming studio dedicated to revolutionizing multiplayer online games. The team, comprising over 120 professionals, specializes in integrating blockchain technology with traditional game development. The flagship game, also named Farcana, is a free-to-play 3rd-person PC arena shooter built on Unreal Engine 5, bringing a seamless and immersive gaming experience to users. Notably, the game introduces a fully player-controlled economy, marketplace, and asset ownership, allowing players to earn real Bitcoin rewards.
2. Animoca Brands’ Strategic Investment
A Web3 Powerhouse Backs Farcana’s Vision
Animoca Brands, a Web3 industry leader, has strategically invested in Farcana to fuel its growth within the Bitcoin ecosystem. Known for advancing digital property rights for gaming and the metaverse, Animoca Brands has been collaborating with Farcana since Q2 2023. The undisclosed investment amount underscores the mutual commitment to driving Web3 development in the MENA region, aligning with the ambitious goals set by Dubai’s gaming vision.
3. Farcana x Animoca Brands Collaboration Details
From Tokenomics to In-Game Economy
The collaboration between Farcana and Animoca Brands goes beyond the financial investment. Farcana’s founder and CEO, Ilman Shazhaev, acknowledges the productive collaboration, focusing on redesigning tokenomics, improving in-game economy, and documentation. Animoca Brands’ co-founder, Yat Siu, expresses excitement about supporting partners like Farcana in driving Web3 development in the MENA region. The partnership highlights a shared vision and commitment to shaping the future of gaming.
4. Farcana’s Path to Launch: Unreal Engine 5 and Bitcoin Integration
Building a AAA Web3 Game
Farcana’s journey to becoming a leading gaming studio in the MENA region involves leveraging Unreal Engine 5 and integrating Bitcoin into its ecosystem. The team’s focus on creating a team arena third-person shooter with competitive tournaments backed by permanent Bitcoin prize pools positions Farcana as one of the first AAA Web3 games. The game has already garnered significant attention, with over 40,000 users participating in initial playtests in Dubai.
5. Dubai’s Gaming Vision and Farcana’s Contribution
Farcana’s Alignment with Dubai Program for Gaming 2033
Dubai’s Crown Prince HH Sheikh Hamdan’s recent launch of the “Dubai Program for Gaming 2033” emphasizes the importance of talent, content, and tech to strengthen the UAE and Dubai’s digital economies. Farcana sees its collaboration with Animoca Brands and involvement in the Web3 sector as highly complementary to this visionary initiative, aligning with the bold goals outlined in Dubai’s gaming vision.
In conclusion, Farcana’s strategic investment from Animoca Brands marks a pivotal moment in the evolution of Web3 gaming in the MENA region. The collaboration not only brings financial support but also signifies a shared commitment to pushing the boundaries of gaming innovation. As Farcana gears up for its token launch and full game release in early 2024, the gaming community eagerly anticipates the emergence of a groundbreaking AAA Web3 game that combines cutting-edge technology with immersive gameplay. Stay tuned for Farcana’s journey into the future of gaming!
Explore more about Farcana’s vision and upcoming releases by visiting Farcana’s official website. Engage with the gaming community and share your thoughts on the future of Web3 gaming on social media using #FarcanaWeb3.