PANews reported on October 18th that Astra Nova, an AI-focused Web3 entertainment and infrastructure company, has raised $48.3 million to expand its suite of tokenized content tools and creator platforms. The funding includes $41.6 million in a recent strategic funding round and builds on earlier investments led by Outlier Ventures, as well as family offices and institutional investors in Saudi Arabia, the UAE, and Bahrain.

The company develops tools that enable creators to launch blockchain-based entertainment experiences without any technical skills. Its flagship product, TokenPlay AI, serves as a code-free launch platform for mini-programs. Powered by Alibaba Cloud, the product enables token-based communities to launch interactive utilities in minutes, according to the company. Other products launched include NovaToon, a Web3 webtoon platform that allows fans to co-create stories using NFTs, and Deviants: Fight Club, a Telegram-based PvP game that integrates Astra Nova's RVV token for in-game rewards.

The company said it plans to enter new markets in the Middle East, Europe, and Asia while preparing for regulatory compliance. Its strategic partners include NEOM, NVIDIA Inception, and Alibaba Cloud.