Gaming Studio Gacha Monsters Raises $3M Seed Round for Immersive IP Development

Gacha Monsters has raised $3 million in a seed round led by Animoca Brands to develop immersive intellectual property (IP) across various formats, including video games, anime, comics, physical merchandise, and Web3. The company combines original IP with established properties to bridge the gap between traditional and interactive entertainment. Its first IP, Poglin, which features a world filled with mythical creatures, is set to launch the alpha version in Q1 2024. Gacha Monsters plans to roll out Poglin into a multi-media product and has secured strategic technology partnerships with Opensea, SUI, and Open Loot, as well as integration with Arbitrum.