Game studio Murasaki B.V. raises 1.5 million euros in seed round

Murasaki B.V., a Japan-based game studio specialised in GameFi and blockchain games, has raised 1.5 million euros (US$1.52 million) in a seed round led by Incubate Fund, with participation from Skyland Ventures and Mint.

The funding will be used to develop Murasaki B.V.’s first two titles. The first title, Cyberstella, will be an NFT-focused game with a fresh take on the play and earn model and is set to release in early 2023. An NFT and official token launch will shortly follow its beta version release in late 2022, Murasaki B.V. said.

The studio is also planning to form an organisation to create a governance token, $STL, due to be issued in January 2023.

Skyland Ventures said it believed that Murasaki B.V. would become a leading player in the GameFi market. “We decided to invest in Murasaki for two reasons. First, because of their management experience from the old days. The second reason is that we want to bring together the best Japanese game developers to take on a global challenge,” said Skyland Ventures partner and chief executive Yoshihiko Kinoshita. 

“History has proven that the Japanese game industry has been well received across the world, and we will support Murasaki whole-heartedly until they succeed,” Kinoshita added.

Murasaki B.V. chief executive Shinnosuke Murata said: “I was attracted to blockchain technology, which allows consensus building without racial or national boundaries, and founded Murasaki in February 2022.”

“This investment round is incredibly exciting for us, as it will allow us to further develop our assets and optimise the beta version of Cyberstella while we add new features, worlds, missions and environments. We are also planning to develop a subsequent title as well. We can’t wait for people to discover what playing a blockchain title is really like,” Murata said.