SHRAPNEL

SHRAPNEL

Develops AAA shooter game using blockchain

About SHRAPNEL

Simplify's Rating
Why SHRAPNEL is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Crypto & Web3

Gaming

Company Size

11-50

Company Stage

Early VC

Total Funding

$37.5M

Headquarters

Seattle, Washington

Founded

2021

Overview

Shrapnel develops the SHRAPNEL game, the first AAA shooter that utilizes blockchain technology. This game allows players to engage in a digital economy where they can own, trade, and sell in-game assets securely. By integrating blockchain, Shrapnel provides players with true ownership of their digital items, which is appealing to gamers who value high-quality experiences and technological advancements. The company differentiates itself from competitors by focusing on community engagement and creative content creation, backed by a team with experience in major franchises like HALO and Call of Duty. Shrapnel's goal is to create a unique gaming experience that combines competitive gameplay with the benefits of blockchain, attracting a dedicated player base and generating revenue through game sales and in-game transactions.

📈
Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Partnership with China opens access to a multi-billion-dollar gaming market.
  • Integration with Stardust's Starbase enhances player engagement and acquisition.
  • Epic Games Store listing increases visibility among high-profile blockchain games.

What critics are saying

  • Chinese government involvement may lead to increased scrutiny and regulatory challenges.
  • Intensifying competition from games like 'Star Atlas' could dilute market share.
  • Cryptocurrency market volatility may impact in-game asset value and player engagement.

What makes SHRAPNEL unique

  • Shrapnel is the first AAA shooter game built on blockchain technology.
  • The game offers true digital ownership through blockchain, enhancing player engagement.
  • Shrapnel's team includes veterans from HALO, Call of Duty, and Westworld.

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Funding

Total Funding

$37.5M

Above

Industry Average

Funded Over

2 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

10%

2 year growth

8%
Decrypt
Apr 1st, 2025
Shrapnel Partners With The Chinese Government To Launch The First Licensed Web3 Game On The Nation’S Official Rwa Chain

Tortola, British Virgin Islands, April 1st, 2025, ChainwireSHRAPNEL, the award-winning first-person shooter, is set to become China’s first licensed web3 game built on the nation’s official RWA Trusted Copyright Chain, where digital assets and IP rights are officially certified by government administrative bodies to enable true digital ownership for all citizens. This historic agreement aligns with China’s push into blockchain-based gaming and opens up new opportunities in the country’s multi-billion-dollar gaming market.The launch expected this year includes:. A dedicated game launcher tailored for the Chinese market. A marketplace built on China’s official RWA Copyright Chain, providing a suite of blockchain tools to help manage the tokenization of real-world assets in a compliant manner

Decrypt
Jul 17th, 2024
Stardust Launches Starbase For The Ultimate Celestial Gaming Experience

San Francisco, USA, July 17th, 2024, GamingWireWeb3 gaming infrastructure company, Stardust, today proudly introduces Starbase, a platform that combines the allure of consumer rewards with the excitement and inclusivity of social gaming. Starting today, gamers worldwide can enjoy Starbase’s dynamic universe of missions and challenges. In fact, players can immerse themselves in 25 different missions, with new partnerships and missions released weekly. The missions and challenges within Starbase are designed to help users earn Gems while playing some of the biggest games in web3 like Nifty Island, Cambria, Shrapnel, BloodLoop, and Habbo Hotel. Gems are a key component of Starbase’s larger rewards program, offering players incentives for their participation. Tony Valcarcel, Head of Marketing, at Shrapnel, says, “Shrapnel is excited to expand our relationship with Stardust and Starnet by integrating with their latest player engagement and acquisition tool, Starbase. Shrapnel Operators can earn bonus rewards when completing missions on Starbase. Starnet’s vision is a key building block in bringing the next billion players to web3 games and Shrapnel is excited to be part of this mission."Industry Outlook With an estimated $100 billion to be spent on user acquisition by 2027, gaming is one of the fastest-growing entertainment industries in the world. This massive market demands innovative solutions, and Starnet, the decentralized network that powers Stardust UA and Starbase, addresses this need by returning the value generated by ad networks like Facebook Ads and AppLovin back to the app developers.Ben, Founder of Cambria says, "We love what Starbase is doing - they have an incredibly slick and fun platform with a great reward structure for PLAYING GAMES! Starnet's vision is perfectly timed; traditional user acquisition is ripe for disruption, and Cambria is thrilled to contribute to this mission."Innovation in web3 is offering new opportunities in player engagement and community building

CryptoNews
May 9th, 2024
Web3 Games in Focus: Nyan Heroes' Epic Games Return, Shrapnel's Card Integration, and The Sandbox's Coach Battle

AAA first-person extraction shooter Shrapnel has unveiled a new feature that enables players to purchase SHRAP tokens using a credit or debit card.

Securities.io
Mar 20th, 2024
From La To Riyadh: Outer Edge Web3 Innovation Summit Debuts In Saudi Arabia In Partnership With Animoca Brands And Kacst

Riyadh, KSA, March 20th, 2024, FinanceWireOuter Edge, Animoca Brands and King Abdulaziz City for Science and Technology (KACST) present Summit on 23 April to highlight advances in Web3 and gaming ecosystem development in Saudi ArabiaOuter Edge, one of the pioneer events in the world of Web3, tech, culture, and entertainment, today announced a partnership with Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, and King Abdulaziz City for Science and Technology (KACST), the national labs of the Kingdom, to debut Outer Edge Riyadh on 23 April. The dynamic event is set to bring together some of the biggest names in the blockchain, AI, and gaming ecosystems from all over the world to Riyadh, Saudi Arabia.Outer Edge, historically based in LA and now expanding to the Middle East, is known for hosting memorable events and presenting invaluable networking opportunities for founders, builders, and venture capitalists in emerging technologies.The Saudi Arabia tech revolution has already made major strides in developing various industries as the country builds a solid ecosystem for digital entrepreneurship. Saudi Arabia is focusing on enhancing its technology sector in line with the Saudi Vision 2030 plan, as businesses continue to invest in new tech such as AI, blockchain, VR, AR, and the Internet of Things.Outer Edge Riyadh, a partnership between Edge of Company and Animoca Brands, presented by King Abdulaziz City for Science and Technology (KACST), comes at a pivotal moment during the growth of the blockchain sphere. The partnership aims to bring together industry leaders, experts, creatives and more to Riyadh’s innovation district, The Garage, a technology hub for local and international startups. KACST’s strategic partnership with Animoca Brands includes plans for the development of a physical Web3 hub in Riyadh to enhance research and development efforts within the fields of Web3, blockchain, gaming, AI, as well as providing bespoke educational programs.Mohammad Hadhrawi, general manager, Gaming and Immersive Technologies Institute at KACST, notes: “At KACST's Gaming and Immersive Technologies Institute, we are dedicated to advancing the frontiers of R&D in gaming and immersive technologies. Our efforts are aligned with the national vision and strategies, aiming to foster an innovative ecosystem that nurtures creativity, technological advancement, and economic diversification

Decrypt
Mar 20th, 2024
'Shrapnel' Adds In-Game Marketplace On Epic Games Store As $80,000 Event Begins

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEShrapnel, the anticipated first-person shooter being built on Avalanche, has unveiled a string of new updates for players participating in its early access experience on PC via the Epic Games Store, including the launch of a marketplace for purchasing premium cosmetic items.Neon Machine launched the Shrapnel Training Exercise 2 (STX2) version of the early access game on Wednesday, which introduces equipable in-game cosmetics like premium weapon skins that players can purchase using the game's SHRAP token."The debut of our marketplace and premium cosmetics marks a pivotal milestone in our journey towards a unique Shrapnel economy that rewards creators and players in new ways," said Shrapnel CEO Mark Long, in a statement.ADADIn addition, STX2 adds a new sub-machine gun weapon, a suppressor attachment for quiet firing, and new environment art. While players can't loot cosmetics from others yet, that ability is planned for future releases along with options to sell, trade, and create user-generated content.✦ WEAPON SKINS ✦ On March 20th (tomorrow), 9.30AM PST, we are releasing 20 Shrapnel Official weapon skins on our marketplace, including our very first set of Legendary skins - “NISHIKIGOI”! ➜ Can be purchased with SHRAP only➜ 10 marketplace exclusive, 10 which can be… https://t.co/ADudFbnbuA pic.twitter.com/tfVdNm62st — SHRAPNEL 🔺 (@playSHRAPNEL) March 19, 2024Skins range in price between 5 SHRAP (about $1.40) for “common” skins and 30 SHRAP ($8.25) for “legendary” skins. It’s unclear whether these in-game cosmetics are represented by NFTs or if they will be in the future when the selling ability is added. Decrypt’s GG asked a Shrapnel representative for clarification, but did not immediately receive a response.Shrapnel also noted that people who own the game’s Operator Collection NFTs, Extraction Packs, and Partner NFT or tokens will be “rewarded with various cosmetics and loot.” Furthermore, ecosystem partners like Superverse, BoDoggos, Alchemy, and NeoTokyo will airdrop weapon cosmetics to their respective communities.The "Cosmic War" pistol skin. Image: ShrapnelShrapnel’s STX2 early access release corresponds with the latest in-game competition to score some bags of SHRAP, with 298,971 total tokens being given out to players based on their leaderboard placement between Wednesday and Saturday

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