Infinite Fleet Raises $3.1 Million in Oversubscribed Round Led by Bitcoin Industry Leaders

By AIT News Desk On Aug 7, 2020

Revolutionary MMO game created by Blockstream CSO reinvigorates capital raising with security token.

Infinite Fleet, the revolutionary sci-fi massively multiplayer online (MMO) strategy game created by Blockstream CSO and Pixelmatic CEO Samson Mow has completed a funding round totaling $3.1 million through a private security token offering (STO).

Infinite Fleet is an online strategy game in which thousands of players command fleets of customizable spaceships and play cooperatively to fend off an alien threat, leaving their legacy in the game’s lore via its unique directed narrative feature. The game draws inspiration from space real-time strategy (RTS) and MMO classics like Homeworld and EVE Online, while integrating a crypto asset to power its in-game peer-to-peer economy.

Infinite Fleet further leverages blockchain technology for its fundraising. Exordium Limited, the game’s publisher, has launched a security token representing equity and profit sharing rights, making it the first game project in the crypto industry to pursue funding through a regulated security.

The security token, called EXO, is issued on Liquid Securities, a platform for the tokenization of securities built on the Liquid sidechain of Bitcoin. The project planned for a $3 million private sale, and the round was oversubscribed after an allocation on the BnkToTheFuture investment platform sold out within 24 hours.

“Infinite Fleet is the first crypto gaming deal on our platform and it became one of the fastest campaigns on BnkToTheFuture, selling out completely within the first 24 hours of its launch,” said BnkToTheFuture CEO Simon Dixon, “I look forward to seeing gaming accelerate Bitcoin adoption from this Class A team of gamers and Bitcoin OG’s.”

This exclusive initial round was led by prominent crypto industry leaders such as Charlie Lee (the creator of Litecoin), Adam Back (inventor of HashCash and CEO of Blockstream), and Max Keiser (host of the Keiser Report and founder of Heisenberg Capital).

“The world is changing rapidly and companies must adapt and innovate. Infinite Fleet will be the first proper video game to truly bring together gaming and crypto assets,” said game creator Samson Mow. “Infinite Fleet not only aims to revitalize an MMO genre that has been lacking fresh ideas in recent years, but to potentially become the ‘Trojan Horse’ that brings mass adoption of cryptocurrency to mainstream gamers.”

Infinite Fleet’s development team is led by veteran AAA game developers that have worked on franchises such as Age of Empires, Homeworld, Company of Heroes, and Dawn of War – top rated RTS games that have grossed over $1.2 billion globally. The game’s closed alpha is expected to be released towards the end of 2020.

Unlike traditional video game projects that have sought out capital via crowdfunding campaigns awarding backers with in-game perks or memorabilia, Infinite Fleet plans to launch a public STO that will allow institutional and retail investors alike to share future profits from the game.