Krafton CEO backs $3m round of Vietnamese NFT game

Summoners Arena, a blockchain-based fantasy game, has won US$3 million in seed money from a round led by Pantera Capital, with participation from Coinbase Ventures as well as Chang-Han Kim, CEO of PUBG developer Krafton.

Photo credit: Summoners Arena

Established by gaming firms OneSoft, Zitga, and Sonat, Summoners Arena mixes traditional and blockchain gaming elements. It features unique NFTs that can be used to battle in-game.

The title is set to launch with two different versions – a free-to-play (F2P) version and a play-own-earn (POE) version – which is akin to hit game Axie Infinity where players generate and own their digital assets. Players of the F2P version can claim free characters and features when they transition to the POE version.

See also: Explaining Vietnam’s crypto boom

Hung Tran founded Summoners Arena in 2o21. He is also a co-founder of OneSoft and the CEO of ABI Game Studio.

Summoners Arena plans to use the fresh capital to accelerate the growth of its game universe and make new hires across all functions.

Other investors in the round include:

• Onechain Technology
• GuildFi
• Merit Circle
• Cosmic Guild
• Coin98 Ventures
• Istari Ventures
• Spartan Group
• Impossible Finance
• Kyber Ventures
• Kyros Ventures
• Mirza Uddin from Injective Labs