Astra Nova Raises $48.3M to Grow Web3, AI Entertainment Ecosystem

AI-focused Web3 leisure and infrastructure firm Astra Nova has raised $48.3 million to develop its suite of tokenized content material instruments and creator platforms.

The funding consists of $41.6 million from a current strategic spherical and builds on earlier investments led by Outlier Ventures, household places of work and institutional traders in Saudi Arabia, the United Arab Emirates and Bahrain, in line with an announcement shared with CoinDesk.

The corporate develops instruments that enable creators to launch blockchain-based leisure experiences with out the necessity for technical abilities.

TokenPlay AI, the flagship product, acts as a no-code launch platform for mini apps. Powered by Alibaba Cloud, it allows token-based communities to arrange interactive instruments in minutes, the corporate stated.

Different reside merchandise embody NovaToon, a Web3 webtoon platform that enables followers to co-create tales with NFTs, and Deviants: Battle Membership, a Telegram-based PvP recreation that integrates Astra Nova’s RVV token for in-game rewards. BlackPass, the corporate’s onchain engagement and loyalty program, has attracted greater than 250,000 customers so far.

The corporate says it plans to develop into new markets within the Center East, Europe and Asia because it prepares for regulatory compliance. Strategic companions embody NEOM, NVIDIA Inception and Alibaba Cloud.