PANews reported on October 4 that Moonray Studio, a Web3 multiplayer battle arena game development studio, announced that it has raised $8.25 million in two rounds of financing, with participation from Animoca Brands, Polygon Ventures and Cardano. Moonray uses blockchain technology to enhance the gaming experience through asset ownership, customizable NFTs and token rewards. The new funds are intended to be used to launch a mobile version of the Autobattler game in the first quarter of next year.