Rise of Fearless launches USD 700,000 investment round to advance Web3 mobile gaming in Africa
April 22, 2025
Shega Weekly - LinkedIn
Issue 187: Foreign Banks In, Tech Leaders Out
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Digital Nomads: This Ethiopian-Born 6x Founder Is Building a Web3 Game to Connect With Her Roots
Article content Ethiopian-born entrepreneur Kanessa Muluneh, now based in Dubai, launched Rise of Fearless, a Web3-based peer-to-peer battle royale game, on May 3.
Inspired by Ethiopia’s Battle of Adwa, the mobile game aims to attract African gamers with historical storytelling, local weapons, and play-to-earn features, including NFTs.
Muluneh, a 6x founder who sold a medtech firm at 21, is now raising $700,000 to scale the game.
Despite initial bugs and graphics issues, a recent tournament spiked downloads to over 1,000. The game targets 100,000 users in year one, with monetization through ads and NFTs, and ambitions of becoming a billion-dollar African title. Read more.
| Market | Business |
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| Scope | Regional |
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