Flying Sheep Studios, a Cologne-based metaverse startup, has recently announced that it raised $1.2 million from the German government.
The German government has allocated $1.2 million in funding for a metaverse game being developed by Flying Sheep Studios. The company, based in Cologne, will use the funds for the development of a game called Star Life, which will also include blockchain elements in the form of non-fungible tokens .Flying Sheep Studios, a Cologne-based metaverse startup, has recentlythat it raised $1.2 million from the German government.
The funding, which came from the German Federal Ministry for Economic Affairs and Climate Action, is part of the allocation that the federal government uses to support interactive experiences. This raise has allowed the company to hire an additional workforce to accelerate the completion of the game.
Thomas Rössig, managing director of Flying Sheep Studios, stated this kind of support is important to grow a national metaverse and video game industry. He explained: We are grateful to the German Federal Ministry for Economic Affairs and Climate Action for their support and trust in our project. This funding demonstrates the federal budget for video games working as intended, fostering the development of cutting-edge technical know-how made in Germany.
The game will also integrate blockchain elements, with NFTs being items that will be able to be transported to other games and metaverses. This will allow users to have more control over how these optional elements will be managed on the platform and even the opportunity of establishing monetization options — although the introduction of a digital token for the game has not been announced yet.
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