PANews reported on March 12 that according to Venturebeat, Web3 game developer and publisher M10 completed a $3 million seed round of financing, with participation from Sui Foundation, GSR, Big Brain Holdings, Monoceros, Blockchain Founders Fund and Presto Labs.

According to reports, M10 was founded by a group of game industry veterans who wanted to go beyond the F2P model. Team members include CEO Maitham Mohamed (Forbes 30 Under 30, semi-professional FIFA player), President Lars Buttler (Trion Worlds co-founder) and Chief Creative Officer Martin Capel (Ubisoft Assassin's Creed game director).