Sometimes you get the funding without having to prove the market value. Or without generating millions in first place. So many startups get millions just like that. I have seen many studios earn the funding without proving their value in the market. This type of stuff often creates problems in the market and lot of people run away after such funding.
However there are some new upcoming game studios which would be flexing their skills and muscles and trying to bring some good products out there. Moonveil is attempting to do just that. They have got the 5.4 million worth of USD funding.
Imagine the company that does not have YouTube video out yet. No gameplay out yet. But they got the funding of 5.4 million. They can run away to some other country with such funding. And pretend they lost it lol. I mean that's what crypto start-ups do isn't it? But it seems like these people want to try and give it a short before calling it quits.
I'd have taken positive stand on such investment if they had proof of concept. Or even say gameplay video. But here you have nothing other than some random unity videos and art work. I mean anyone can pay bunch of designers and log their 1 year worth of work and call it game development. Then again investors must have seen something to invest.
I am skeptical until I see some gameplay and value out of it. Till then 5.4 million funding is a game to me. I suppose with enough time and investment we would see a lot of interesting things from the game studio. Let's hope things improve over a period of time and we get what we want as the time goes ahead.
Keep a tab on this game development company and let's see if they deliver.