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

Rise of Fearless, a UAE-based mobile gaming platform, has launched a $700,000 investment round to expand its groundbreaking battle royale game rooted in African heritage, inspired by Ethiopia’s Battle of #Adwa. Now available on Apple App Store and Google Play, the free-to-play game targets Africa’s booming gaming market, with 680 million mobile users and a projected $3.72 billion industry value by 2029.

The platform plans to integrate #Web3 technology, enabling players to own in-game assets like weapons and skins via blockchain-based smart contracts. This move aims to create a transparent, rewarding gaming ecosystem, offering financial opportunities for unbanked Africans—over 80 million in sub-Saharan Africa rely on cash payments. With Africa’s 90% mobile penetration and a gaming industry growing at 12% annually, Rise of Fearless is poised to tap an untapped audience.

Founder Kanessa Muluneh stated, “This funding will help us enhance gameplay, transition to Web3, and build a blockchain-powered ecosystem where African gamers can own digital assets, driving financial inclusion, job creation, and social impact.”

Investors have a unique opportunity to back the first major battle royale game blending African culture with blockchain innovation, capitalizing on a rapidly growing market.