Southeast Asian esports organisation Talon has secured $5m (~£3.7m) in equity capital during its Series A financing round.
The funding round, led by blockchain and NFT company Animoca Brands, will be used to develop digital and blockchain solutions for Talon fans. This includes delivering experiences, collectibles and opportunities via different metaverses, P2E games and NFT platforms.
Additionally, Talon will further expand its regional footprint into SEA, focusing on the Philippines, Vietnam and Indonesia. As a result, the organisation has announced plans to compete in the biggest gaming titles for each respective country
Yat Siu, Executive Chairman and Co-founder of Animoca Brands, commented: “Talon is a great example of how the communities of esports and gaming are converging on blockchain and making use of NFTs.