Yat Siu, Co-Founder and Executive Chairman of Animoca Brands
Anichess, an upcoming decentralised chess-inspired game by Animoca Brands, has completed an oversubscribed US$1.5 million seed financing round from GameFi Ventures, The Operating Group, Koda Capital, Bing Ventures, 708 Capital, Asymmetry Capital, and others.
The startup will use the funding to continue the development of its innovative decentralised chess game, expand its team, and grow its community.
Launched in 2024, Anichess develops and advances decentralised chess in partnership with Play Magnus Group (PMG) and its Champions Chess Tour. It modernises and tokenises the game to take advantage of opportunities presented by Web3 technologies and communities.
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Anichess offers a free-to-play game that combines the core values of traditional chess with an additional layer of strategy provided by new features, including an innovative spell mechanic.
The Alpha version of the game is expected to launch in Q1 2024.
Following the acquisition of PMG by Chess.com in December 2022, which has expanded the reach of the Champions Chess Tour even further, Anichess will be presented to millions of chess fans to deliver innovative experiences, grow the global chess community, and empower players through decentralisation.
Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, commented: “Partnering with Chess.com is an incredible opportunity to work with some of the leading chess players and influencers across the world and to bring chess into the open metaverse.”
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