Samson Mow's blockchain game Infinite Fleet raises $3.1 million via private security token offering

Infinite Fleet, a blockchain-based, sci-fi massively multiplayer online (MMO) strategy game expected to be released next year, has raised $3.1 million via a private security token sale.

CoinDesk reported the news on Monday, saying that the amount was raised via two methods — $2.75 million through simple agreement for future token (SAFT) sale and $250,000 via an investment platform BnkToTheFuture. Infinite Fleet's developer is Pixelmatic, a game studio founded by Blockstream CSO Samson Mow.

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The SAFT sale saw participation from Litecoin creator Charlie Lee, Blockstream CEO Adam Back and Heisenberg Capital founder Max Keiser, among others, per the report. 

Infinite Fleet's INF token was on sale, according to its website. A public sale of the security token is reportedly expected to take place in September, which will be held via the in-development tokenization platform Liquid Securities, in partnership with digital marketplace STOKR.

The INF token is issued on the Liquid Network, a sidechain-based settlement network developed and overseen by Blockstream, according to its website. The token is Infinite Fleet's official game currency.