Singapore-based game developer Foonie Magus said Monday it has raised over $17 million at the close of its seed round for the new play-and-earn non-fungible token (NFT) game Apeiron.

The company said in a statement that $3 million came from preseed, $10 million from seed, and a further $4.5 million from the first round of NFT sales.

Blockchain investors Hashed from South Korea and venture capital firms such as DeFiance Capital, Morningstar Ventures, Spartan Group, and De-Fi Capital have participated in the round, according to the statement.

They will be working together with gaming guilds Guildfi, YGGSEA, Avocado, Ancient8, and Snackclub, who have been handpicked for their strategic values and long-term vision for the web3 community and beyond.

With the closing of the seed round, Apeiron is commencing their private and community investment rounds, which will lead up to the game’s TGE (Token Generation Event) scheduled in late May.

Foonie Magus targets to raise an additional $10.7 million from these three rounds to prepare for its global debut in the fourth quarter of this year.

“We’ve spent six years now working on this project, and there have been over 28 developers who poured over five years of their lives…their blood, sweat, and tears into crafting this entertainment experience. But now all the hard work is paying off and the dream is becoming a reality. We are thrilled to have found partners who share our crazy visions, and we are in for one hell of a ride for the entire gaming industry, one that will present a memorable experience for all to share and own together,” said Frank Cheng, Chief Executive Officer of Foonie Magus and Apeiron creator.

Apeiron is the world’s first NFT-based play-and-earn godgame. It will feature a unique card-based action-adventure combat system combined with god game simulation gameplay inspired by classic god games like Populous and Black & White.

Players can construct planets from above before descending to the ground as an Avatar to solve the mysteries of the universe. Players will grow their planet to the point of developmental stagnation, then reset the planetary cycle via an Armageddon event to allow for even more advancement and thrilling late-game alliance level GvE and GvG activities.

Apeiron will use a tri-token architecture, which means that there will be three separate tokens to navigate their ecosystem: a governance token, a play to earn token, and a premium team to earn token.

Apeiron’s Planet NFTs are currently available for purchase on the OpenSea marketplace with a floor price of 0.15 ETH.

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