Cinder Studios Receives Investment from Animoca Brands

 

SALT LAKE CITY, May 24, 2022 (GLOBE NEWSWIRE) — Cinder Studios, Inc., the creators of Cinder (https://cinder.io), a Solana-based metaverse that is explorable immediately upon ownership of one of its NFTs, announced today that it has raised Series A funding from Animoca Brands (https://animocabrands.com).

Cinder is an immersive and visually stunning MMO that’s home to a deeply engaged social community whose members will be able to design, generate, and own the tokenized content they create. Cinder NFT owners are already expanding their social circles in the virtual world, and will soon be able to earn real cryptocurrency through play-to-earn battle mechanics and the creation of new avatars, environments, and other content using Cinder’s robust creator tools.

Animoca Brands is a global leader in gamification and blockchain with a large portfolio of over 200 investments in NFT-related companies and decentralized projects that are contributing to building the open metaverse.

The new funding announced today will be used to execute on Cinder’s exciting product roadmap, including staking, play-to-earn gaming, new avatar mints, and the launch of its own proprietary currency.

Michael Lopez, CEO of Cinder Studios, Inc., commented, “We are thrilled to be partnered with Animoca Brands in our journey to become one of the pre-eminent gaming experiences on the Solana blockchain. Our team is comprised of gaming industry veterans who are excited about web3 and the ability to finally convey true digital property rights to our players who spend countless hours creating and customizing their own content. Cinder will be THE creative playground for those who want to game, socialize, collect, explore, and earn; all within a graphically rich social environment.”

Yat Siu, the executive chairman and co-founder of Animoca Brands, commented, “It is exciting to support Cinder and its experienced management team. Cinder’s day-1 operability and accessibility, and its foundation on Solana, one of the most promising blockchains, highlight this game as a major entry in the advancement of digital ownership and the open metaverse.”

Perhaps one of the most intriguing utilities of Cinder is that it is already built. With over 30 months in development and over $6 million USD invested, players will not have to wait months or even years to begin exploration; they are able to start within minutes of purchasing a Cinder NFT. In February, the player community minted all 4,444 of the genesis Cinder Fae avatars, the first in a series of characters to be introduced this year. These avatars, along with others that players themselves will be able to design and tokenize, will play an integral role in the capture/train/battle play-to-earn mechanic that will debut later this year.

About Cinder

Cinder is a blockchain-native gaming metaverse created by the game industry veterans who formed Cinder Studios, Inc. in 2022 after operating it as a division of WildWorks, Inc., the parent company founded and operated by the team since 2003. Citizens of Cinder enter the world through collectible Solana NFT avatars that enable owners to access the game’s exclusive Play-to-Earn and Create-to-Earn features. Launched in February 2022 with a sold-out mint of 4,444 genesis NFTs, Cinder’s 2022-23 roadmap has attracted the attention of premier web3 influencers and investors, culminating in Series A investment led by Animoca Brands.

Cinder Studios Receives Investment from Animoca Brands 1

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

E-Crypto News Executive Interviews

Crypto Scams

Cryptosoft
Cryptosoft Trading Bot Review
June 27, 2022
The Largest Crypto Scams Of 2022 (So Far)
The Largest Crypto Scams Of 2022 (So Far)
June 14, 2022
Scammers
How Do Scammers Entice Their Prey?
May 10, 2022
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Prove
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Can Running A Lightning Node Earn You Passive Income?
Can Running A Lightning Node Earn You Passive Income?
July 5, 2022
Is The Crypto Market Combating A Lehman Brothers Moment?
Is The Crypto Market Combating A Lehman Brothers Moment?
June 30, 2022
Russia
Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin20,192 0.02 % 0.62 % 0.45 %
Ethereum1,134.8 0.14 % 1.70 % 0.77 %
Tether1.001 0.16 % 0.06 % 0.03 %
USD Coin1.000 0.08 % 0.09 % 0.08 %
BNB231.10 0.07 % 0.30 % 1.80 %
Binance USD1.001 0.25 % 0.07 % 0.12 %
XRP0.3246 0.02 % 1.57 % 3.81 %
Cardano0.4556 0.17 % 2.67 % 3.10 %
Solana35.26 0.27 % 3.86 % 0.18 %
Dogecoin0.06705 0.01 % 3.61 % 1.59 %

bitcoin
Bitcoin (BTC) $ 20,173.00
ethereum
Ethereum (ETH) $ 1,134.02
tether
Tether (USDT) $ 0.998911
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 230.60
binance-usd
Binance USD (BUSD) $ 1.00
xrp
XRP (XRP) $ 0.325397
cardano
Cardano (ADA) $ 0.457472
solana
Solana (SOL) $ 35.35
dogecoin
Dogecoin (DOGE) $ 0.067096