Midnight has emerged from stealth to make a bunch of games.
Midnight has emerged from stealth to make a bunch of games.
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Midnight comes out of stealth with $7.5M in funding for a new game company

  • Posted byby Dean Takahashi
  • Updated
  • 5 min

Midnight emerged from stealth today to announce $7.5 million in seed funding earmarked to build a studio and platform to create Web3 games with “never-ending stories.”

Midnight’s mission is to build games for players first, that delight players with both never-ending experiences and economic participation. To achieve this, it’s building a slate of free-to-play and premium games for diverse audiences, with a Web3-based “forging” system that creates true interoperability and a robust economy, said Steve Wade, CEO of Midnight, in an interview with GamesBeat.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.