Web3 entertainment company Astra Nova completes $48.3 million in funding, led by Outlier Ventures and others

Techub News, according to CoinDesk, AI-focused Web3 entertainment and infrastructure company Astra Nova has raised $48.3 million in funding. The round was led by Outlier Ventures, along with family offices and institutional investors from Saudi Arabia, the UAE, and Bahrain. The funds will be used to expand its tokenized content tools and creator platform suite.

Astra Nova develops tools that enable creators to launch blockchain-based entertainment experiences without any technical skills. Its flagship product, TokenPlay AI, serves as a no-code launch platform for mini-apps. The company stated that this product, powered by Alibaba Cloud, allows token-based communities to launch interactive utilities within minutes. Other launched products include NovaToon (a Web3 webcomic platform that allows fans to co-create stories using NFTs) and Deviants: Fight Club (a Telegram-based PvP game integrated with Astra Nova's RVV token for in-game rewards).