Samson Mow's blockchain game Infinite Fleet raises $3.1 million via private security token offering

Gaming and Metaverse • August 3, 2020, 11:44AM EDT
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.

Infinite Fleet, a blockchain-based, sci-fi massively multiplayer online (MMO) strategy game expected to be released next year, has raised $3.1 million via a private security token sale.

CoinDesk reported the news on Monday, saying that the amount was raised via two methods — $2.75 million through simple agreement for future token (SAFT) sale and $250,000 via an investment platform BnkToTheFuture. Infinite Fleet's developer is Pixelmatic, a game studio founded by Blockstream CSO Samson Mow.

The SAFT sale saw participation from Litecoin creator Charlie Lee, Blockstream CEO Adam Back and Heisenberg Capital founder Max Keiser, among others, per the report. 

Infinite Fleet's INF token was on sale, according to its website. A public sale of the security token is reportedly expected to take place in September, which will be held via the in-development tokenization platform Liquid Securities, in partnership with digital marketplace STOKR.

The INF token is issued on the Liquid Network, a sidechain-based settlement network developed and overseen by Blockstream, according to its website. The token is Infinite Fleet's official game currency.

AUTHOR

Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

See More
Connect on

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on

More by Yogita Khatri