Chibi Clash, a fantasy web3 gaming universe, has completed a private fundraising round for $3 million with notable angels and venture funds. The funding round secures the initial capital ahead of an upcoming IDO.

The round was joined by Alliance, Genblock Capital, Jump Capital, C² Ventures, Kyros Ventures, NGC Fund, PANONY, PetRock Capital, Polygon Ventures, Shima Capital, Avocado DAO, Rainmaker Games and several other major funds and DAOs. Key angels include Nick Chong, Jack Teoh, Santiago Santos, Cozomo de’ Medici, Peter Ing and more.

Led by a team of gaming industry veterans from companies such as  Zynga, EA, Funcom and Bandai Namco, Chibi Clash is building a web3 gaming universe centered around its flagship auto battler game. Inspired by gameplay from Hearthstone Battlegrounds and art style from MapleStory, Chibi Clash Auto Battler is an asynchronous PvP game where players recruit, upgrade and send their troops into battle. The goal is to achieve 10 victories without running out of morale from losses.

The Chibi Clash Auto Battler game is completely Free-to-Play, with NFTs unlocking additional gameplay features, play-to-own mechanics, and other benefits to holders. For example, holders of Chibi Legend NFTs will be able to select from more weapons and unlock an exclusive Tier 3 upgrade for the weapons based on their NFT metadata. Beyond the Auto Battler game, Chibi Clash will be introducing new gameplay and new ways to integrate and utilize original and partner NFTs into its Phase 2 gaming ecosystem.

Chibi Clash will have a multi-phased gaming road map featuring a built-for-web3 social gaming experience, idle NFT gameplay, guild leaderboard competitions and an NFT marketplace for in-game items accepting CLASH tokens. Additional play-to-own features will also be unveiled later on.

“Chibi Clash is creating one of a kind web3 gaming universe driven by fun and addictive PvP gaming experiences,” said Urvit Goel, VP of Games BD at Polygon Ventures. “We are excited to be on this journey with Chibi Clash and fully support their development of groundbreaking play-and-earn gaming ecosystem on Polygon.”

“We are thrilled to be working with amazing investors who share our vision in web3 gaming,” said Ted Mui, Founder of Chibi Clash. “Coming from the mobile gaming world, I believe web3 gaming has the potential to disrupt the gaming ecosystem by creating value for players and collectors. We are still in the early stages of web3, and with Chibi Clash I believe we can build a fun and sustainable play-to-own ecosystem that will appeal to both traditional gamers and crypto enthusiasts alike.