Web3 Game Studio Qooverse Secures Investment in Round Led by Paper Ventures
Summary
Web3 game studio Qooverse has secured pre-seed funding in a round led by VC firm Paper Ventures, followed by Animoca Brands, Merit Circle, and notable angels in the industry. Founded by a creative team whose professional background includes time at Tencent and Goldman Sachs, Qooverse is developing an ecosystem of mid-core and casual social games that are distributed on Telegram and more social platforms to come.The portfolio of games revolves around the IP Qoomon, cute yet formidable creatures in an Oriental style. With Qoomon Fuse we have successfully onboarded mass gamers via viral sharing, thanks to the unique blend of hyper-casual, social and competitive elements on Telegram. We look forward to replicating this success with our new game titles.Paper Ventures GP Oliver Blakey commented on his companys investment, saying Qooverse is the sort of innovative, value-driven project we aim to support. Were very excited to see how the team will redefine gaming dynamics in the Web3 space going forward.Qooverse also views the omni-channel distribution as a great opportunity.