Dubai-based startup Rekt Studios, raised $1.5 million in funds from Cypher Capital

Dubai-based startup Rekt Studios, raised $1.5 million in funds from Cypher Capital, a Dubai-based leading blockchain and web3 venture capital firm.

The investment will help Rekt Studios accelerate development and launch a product capable of establishing itself as the leading gaming metaverse. The collaboration will also provide access to Cypher Capital’s extensive global network, facilitating the execution of Rekt Studio’s first gaming metaverse, Unseen. The metaverse will connect traditional gaming to an open virtual world using blockchain technology.