PANews reported on November 27 that according to Chainwire, Web3 game studio Qooverse announced the completion of its Pre-Seed round of financing, led by Paper Ventures, with participation from Animoca Brands, Merit Circle and a group of angel investors. The specific amount of financing has not yet been disclosed.

According to reports, Qooverse was founded by a creative team that once worked at Tencent and Goldman Sachs. It is currently developing casual social games based on social platforms such as Telegram and is expected to launch the token TGE in early 2025.