The arms race to build the first high-quality AAA blockchain video game that can stack up against titles popular on consoles like Playstation and Xbox has been raging for quite some time with no clear leader to emerge despite some intriguing candidates.

One of the space’s leading contenders, however, “Shrapnel,” has secured some additional funding that could help improve the game’s chances of being a hit with consumers. The company developing “Shrapnel,” Neon Machine, has raised $20 million in Series A financing with Polychain Capital leading the round.

Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures also participated. This latest raise follows a 2021 seed round of $10.5 million, coming at a time when VC funding has fallen.

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