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

TYPE COMPANIES INVOLVED SIZE INVESTMENT $0.7m

UAE-based mobile gaming platform Rise of Fearless has opened a $700,000 investment round as it looks to merge African storytelling with battle royale gameplay.

The UAE-based platform said the funds will boost its growth, improve gameplay and support its expansion into the web3 ecosystem.

It also has a broader goal of building a blockchain-powered games ecosystem that enables African gamers to own digital assets and access new opportunities. Inspired by Africa’s cultural heritage and Ethiopia’s Battle of Adwa, the free-to-play game also aims for broad accessibility by letting players push boundaries whilst ensuring a fair experience. Giving players ownership In its web3 phase, the platform will utilise “open-source smart contracts” to provide a transparent gaming experience while leveraging blockchain technology.

“As an Ethiopian-born entrepreneur in Dubai, I have experienced how the UAE’s ecosystem empowers changemakers and connects countries and cultures with gaming communities,” said Rise of Fearless founder and creator Kanessa Muluneh.

She added: “This funding will allow us to build a blockchain-powered gaming ecosystem where players can truly own their digital assets and unlock new financial opportunities for gamers across Africa. “With this expansion, Rise of Fearless will not only push the boundaries of African gaming but also drive knowledge transfer, job creation, and social impact in one of the fastest-growing gaming markets in the world.”