According to Foresight News, Japanese entertainment and gaming startup Gacha Monsters has completed a $3 million seed funding round led by Animoca Brands, with participation from Infinity Ventures Crypto, FBG, and Big Time Games. Gacha Monsters is led by game developer Jia Shen, who has previously worked on games such as 'Pokémon Medallion', 'Battle Cats', and the international version of 'Disney Tsum Tsum'.
The company plans to launch the alpha version of its Poglin game in the first quarter of 2024, with the aim of building Poglin into a multimedia IP encompassing animation, gaming, Web3, and physical merchandise.
