Studio369 raised $5 million for MetalCore.

Studio369 raises $5M for Web3 multiplayer mech MMO MetalCore

Studio369 raised $5 million in funding to develop MetalCore, an open world player-versus-player mech combat game that combines the engagement of high-quality traditional gaming with true asset ownership via Web3.

In the works for about three years, MetalCore recently had an invite-only closed beta test and it is expected to hit an open beta test within a few months. It’s coming from a team of creatives from the likes of LucasFilm, Disney, Activision, and others.

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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.