Morningstar Ventures

Morningstar Ventures is a Dubai-based investment firm founded in 2020, specializing in digital assets and blockchain technology. Led by Danilo S. Carlucci, the firm comprises a team of experienced professionals from diverse backgrounds, including technology, marketing, and design. Morningstar Ventures focuses on supporting early-stage founders with ambitious ideas, engaging in both token and equity investments, particularly within the Elrond ecosystem. The firm also launched the Elrond Dubai Incubator in October 2021 to foster projects utilizing Elrond technology. By concentrating on sectors such as cryptocurrency, gaming, and multiversx, Morningstar Ventures aims to drive innovation and growth in the evolving digital landscape.

Danilo S. Carlucci

Co-Founder and Chief Investment Officer

Arutyun Nazaryan

Co-Founder and CFO

Past deals in Gaming

Tevaera

Seed Round in 2024
Tevaera is a developer of a gaming platform that leverages blockchain technology to create a seamless and fair on-chain gaming experience. Utilizing a zkStack-based L3 gaming chain, Tevaera enhances multi-genre game launches and gameplay, incorporating multiplayer features and user experience-focused applications. The platform facilitates the free flow of users, liquidity, and builders within its ecosystem, known as zkNation. By integrating NFTs and promoting a sustainable play-and-earn economy, Tevaera aims to provide gamers with enjoyable, equitable, and socially connected experiences.

Gunzilla Games

Initial Coin Offering in 2024
Gunzilla Games is an independent video game studio that focuses on creating AAA games with an emphasis on player engagement and innovation. The company is currently developing "Off The Grid," a cyberpunk battle royale game that features customizable weapons and advanced 3D scanning technology. Gunzilla aims to deliver immersive gaming experiences by breaking down technological barriers, which allows for a unique approach to game development. The studio's commitment to player-focused design seeks to enhance both entertainment and therapeutic interventions within the gaming industry.

Ultiverse

Initial Coin Offering in 2024
Ultiverse is an AI-driven gaming platform that enables gamers to engage in multiplayer battles against one another. The platform allows users to create personalized characters and provides a unique feature for redeeming non-fungible tokens (NFTs) for real-life replicas and deliverables upon request. By integrating blockchain technology, Ultiverse enhances the gaming experience, allowing players to interact in a virtual environment that closely resembles the real world.

Avalon

Seed Round in 2023
Avalon is an Orlando, Florida-based platform focused on creating games and virtual experiences. The company operates a gaming studio aimed at transforming the game creation process. Its platform provides immersive digital entertainment along with tools that facilitate the development of games and virtual experiences. By promoting a more collaborative and enjoyable development process, Avalon enables the gaming industry to produce higher-quality games.

Gunzilla Games

Venture Round in 2022
Gunzilla Games is an independent video game studio that focuses on creating AAA games with an emphasis on player engagement and innovation. The company is currently developing "Off The Grid," a cyberpunk battle royale game that features customizable weapons and advanced 3D scanning technology. Gunzilla aims to deliver immersive gaming experiences by breaking down technological barriers, which allows for a unique approach to game development. The studio's commitment to player-focused design seeks to enhance both entertainment and therapeutic interventions within the gaming industry.

Ancient8

Seed Round in 2022
Ancient8 is focused on creating the infrastructure for GameFi, emphasizing software development and community engagement. The company is building GameFi Identity and Launchpad products to facilitate the marketing and distribution of GameFi and Metaverse projects, aiming to onboard millions of users. As the largest blockchain gaming guild in Vietnam, Ancient8 provides opportunities for individuals to participate in the Metaverse through various offerings, including guild scholarships, blockchain education, and institutional-grade research. The organization envisions democratizing social and financial access within the Metaverse. Additionally, Ancient8 is backed by prominent investors in the blockchain and gaming sectors.

Chillchat

Seed Round in 2022
Chillchat is a game studio located in Bangkok, Thailand, focused on developing engaging gaming experiences for players globally. The studio is currently working on Tearfallen, an online rogue-lite action game set in an innovative "Pantheonpunk" universe, reminiscent of the gameplay style found in titles like Hades. Chillchat aims to create immersive pixel art environments where players can build virtual worlds, explore adventures with unique identities, and engage in activities that allow them to mint their own worlds, characters, and narratives. The platform emphasizes player creativity and interaction, providing opportunities to earn while playing.

Cantina Royale

Funding Round in 2022
Cantina Royale is a shooter game that allows players to use different NFT collections and take them into PVP and PVE missions. Their 3D Modeling technologies allow NFT Interoperability into the Cantina universe. NFT owners can lease out their digital assets to players and split in-game rewards automatically.

METAMORPH

Seed Round in 2022
Metamorph is a game development company. They offer blockchain development, game development, and game design. Its developers can turn their passion for gaming into real assets.

Apeiron

Seed Round in 2022
Apeiron is a play and earn NFT game.

Blast Royale

Initial Coin Offering in 2022
Blast Royale is a blockchain-based play-to-earn platform that allows players to earn Craft Spice while playing matches. The game uses two tokens, the primary token Blast (BLST) and Craft Spice (CS), the in-game P2E token of the Blast Royale Metaverse. BLST is used for trading NFTs on the Blast Royale marketplace and crafting new NFTs, whereas CS has numerous utility uses, including crafting and repairing equipment. Players earn CS by taking part in Blast Royale matches.

Dank Bank

Pre Seed Round in 2022
Dank Bank is a venture-backed trading platform that specializes in fractional ownership of NFTs representing authentic memes, viral videos, and other iconic moments from internet culture. The platform allows users to collect and trade these fractional NFTs, facilitating investment in the intellectual property of their favorite creators. By connecting fans with the creators of popular content, Dank Bank enables users to support their preferred artists while gaining a stake in their future success. Additionally, users benefit from community perks such as merchandise and tickets to live events, enhancing their engagement with the creators and the broader community.

Metaverse Game Studios

Venture Round in 2022
Metaverse Game Studios is a blockchain-based software development company focused on creating and publishing games for digital platforms. The studio specializes in narrative multiplayer strategy games, aiming to enhance the gaming experience through cross-platform services. By leveraging blockchain technology, Metaverse Game Studios seeks to innovate the gaming landscape, offering players unique and engaging gameplay experiences.

Kyoko.finance

Seed Round in 2022
Kyoko is a cross-chain GameFi NFT lending market. The company offers a platform for cross-chain gaming fiction and allows for communication between groups and players. The company also works with the immediate issues that GameFi faces, such as the rising cost of entry.

BreederDAO

Series A in 2022
BreederDAO is a blockchain technology company specializing in the production of non-fungible tokens (NFTs) for the gaming industry. It functions as an asset factory, focusing on high-volume creation of in-game assets tailored to the needs of major gaming guilds in the Metaverse. By providing a custom API toolkit, BreederDAO enables developers to integrate player-driven economies into their games. The company's offerings include breeding and crafting mechanisms, which optimize asset traits to enhance in-game yields. This approach allows game developers to empower players to generate new assets or NFTs, thereby enriching the overall gaming experience and driving engagement in Play-To-Earn ecosystems.

STEPN

Seed Round in 2022
STEPN operates a blockchain-based fitness application that incentivizes users to exercise through a move-to-earn model. Users purchase non-fungible tokens (NFTs) that allow them to engage in physical activities and earn rewards in the form of native GST tokens. This innovative platform combines fitness with gaming elements, encouraging users to maintain an active lifestyle while benefiting from their efforts. By leveraging blockchain technology, STEPN creates a unique ecosystem where exercising is directly tied to earning opportunities, appealing to both fitness enthusiasts and gamers alike.

Nitro League

Funding Round in 2021
Nitro League is a developer of a Play-to-Earn (P2E) mobile racing game platform that offers an immersive metaverse experience. Known for its interplanetary hyper-racing events, Nitro League features diverse environments, including islands, cities, and vast landscapes, all rendered in hyper-realistic 3D graphics. The platform incorporates solid tokenomics and supports non-fungible tokens (NFTs), allowing players to engage in lucrative gameplay while generating revenue opportunities. This combination of engaging racing mechanics and innovative blockchain elements positions Nitro League as a unique entry in the gaming market.

Whydah

Venture Round in 2021
Whydah is a company applying block-chain for studio games.

DOMI Online

Seed Round in 2021
DOMI Online is an online game that enables its players to search for treasure, gold, experience, and $DOMI tokens.

BlockchainSpace

Seed Round in 2021
BlockchainSpace builds tools to empower play-to-earn communities, and also runs several educational academies that identify economic opportunities in play-to-earn games and shares learnings for new guilds to enter the space.

OPgames

Seed Round in 2021
OPgames is a suite of tools that enables game developers to provide mini esports experiences to their players through tournaments and PvP matchups with crypto as buy-in and pay-outs.

ChainGuardians

Funding Round in 2021
ChainGuardians is a player-driven platform that merges traditional gaming concepts with blockchain technology, utilizing non-fungible tokens (NFTs) within its ecosystem. The company offers an anime-themed battle game designed for entertainment, and supports multiple blockchain networks, allowing for greater accessibility and flexibility. Players can engage in a free-to-play NFT Mining platform and a role-playing game, where they can convert their time and efforts into real rewards. By incorporating these elements, ChainGuardians creates a unique gaming experience that empowers players and leverages the benefits of blockchain.

RealFevr

Series A in 2021
RealFevr is a Portuguese startup based in Lisbon, established in 2015, that operates a fantasy sports platform aimed at enhancing the fantasy football experience. The platform has garnered over 1.2 million registered users globally, with a significant presence in Portugal, where it has over 150,000 users and partnerships with prominent organizations such as Liga Portugal and the Portuguese Football Federation. RealFevr offers various league formats, catering to both beginners and experienced players, and allows users to manage their teams through smartphone applications, integrating the opportunity to win NFTs. The company, which employs more than 25 individuals across Europe, leverages its team's expertise in IT, gaming, and blockchain to ensure a high-quality service for its users. With a proven track record in the fantasy leagues market, RealFevr aims to expand its influence in the global sports NFT sector and enhance its international presence.

Ignite Tournaments

Ignite Tournaments is developing a mobile app designed to organize esports tournaments, making competitive gaming accessible to a vast audience of 3 billion gamers globally. The platform facilitates the organization of tournaments for mobile-compatible games that lack existing tournament infrastructure, allowing users to enhance their gaming experience with advanced features. Additionally, Ignite Tournaments supports payouts in 70 different currencies across 175 countries, ensuring a wide reach and convenience for participants. The company aims to bridge the gap in the esports ecosystem by providing essential tools for both gamers and tournament organizers.
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