Dubai-based technology start-up Rekt Studios has raised $1.5 million in a new funding round from blockchain and Web3 venture capital firm Cypher Capital, as the start-up aims to launch its first gaming metaverse. Called Unseen, the project will allow producers to create games, experiences, metaverse buildings and digital assets, the company said on Thursday.

“The new funding will not only enable further game development but will also fuel expansion and the studio’s marketing efforts,” said Bill Qian, a board member at Rekt Studio.

“Our immediate goal is to provide the Middle East with a distinct and accessible gaming ecosystem, while also establishing the region as the most prominent space for abundant opportunities in this space.”