Rise of Fearless launches USD 700,000 investment round to advance Web3 mobile gaming in Africa

UAE-based Rise of Fearless is raising USD 700K to expand its mobile game and transition into a blockchain-powered Web3 ecosystem.

The funding will enhance gameplay, enable asset ownership, and create financial opportunities for gamers across Africa through decentralized technologies.

Rooted in African heritage, the game promotes knowledge transfer, job creation, and aims for strong social impact across the continent. Rise of Fearless

What happened? UAE-based mobile gaming platform, Rise of Fearless, are now raising USD 700 thousand in funding to expand the game.

What will they do with the funding? With the funding, the platform aims to expand the game, enhance gameplay, and transition to Web3. Additionally, it aims to build a blockchain powered gaming ecosystem where players can own their digital assets. With this, it aims to unlock new financial opportunities for gamers across Africa.

Rise Fearless in its expansion aims to drive knowledge transfer, job creation, and social impact.

Web3 Gaming

Why does this matter? Africa’s gaming market is rapidly expanding with over 680 million mobile users and a projected industry value of USD 3.72 billion by 2029.

As of 2021, more than 80 million unbanked adults in sub-Saharan Africa receive payments for agricultural goods in cash. This is because Web3 gaming enables new financial pathways and earnings without banks especially in regions with limited job opportunities.

Rise of Fearless plans to integrate Web3 technology and allow players to own in-game assets, earn rewards, and participate in a secure digital economy. This move aims to empower African gamers with new financial opportunities, especially in regions with limited access to traditional banking.

Who are they? Rise of Fearless offers a skill-based battle royale combat that is deeply rooted in Africa’s heritage and history. It is inspired by Ethiopia’s victory at the Battle of Adwa.

It launched as a free-to-play mobile experience to ensure accessibility to a broad audience