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Mighty Bear Games Raised $150 Million For Their New Web3 Game

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Founded in 2016, Singapore-based game development studio, Mighty Bear Games has just announced on Twitter they have raised $10 million in its new funding round. The round was led by Framework Ventures with participation from Mirana, Sfermion, Dune Ventures, Sanctor Capital, Folius Ventures, Polygon, Play Future Fund, Everblue, Ancient8, Ready Player DAO, Racer Avocado DAO, and DWeb3. The CEO, Simon Davis, stated that the funds will be used to accelerate the game-based firm’s growth and expand its operations. 

Mighty Bear Games builds next-generation mobile-first games. Along with the raise they also just announced a new web3 game called Mighty Action Heroes. The game will be powered by polygon and will receive support from Polygon Studios in form of funding, marketing, technical advice, strategy, and ecosystem basis.

Mighty Action Heroes is described as a multiplayer third-person battle royale that “puts an emphasis on fun, skill, and chaos”. Mighty Bear Games are planning to release an NFT PFP collection. Each NFT will offer players utility within the game. Each PFP holder will gain early access to the game during the Early Access Preview and be able to give feedback and stay involved throughout development. PFP holders will also be able to collect in-game rewards and cosmetic items when the game releases in late 2022.

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