Astra Nova Raises $48.3M to Expand AI-Powered Web3 Entertainment

Faizy Ahmed, Astra Nova Founder

AI-focused Web3 entertainment and infrastructure firm Astra Nova has raised $48.3 million to grow its suite of tokenized content tools and creator platforms.

The funding includes $41.6 million from a recent strategic round and builds on earlier investments led by Outlier Ventures as well as family offices and institutional investors in Saudi Arabia, the United Arab Emirates, and Bahrain, according to an announcement shared with CoinDesk.

The company develops tools that allow creators to launch blockchain-based entertainment experiences without needing technical skills.

TokenPlay AI, its flagship product, acts as a no-code launchpad for mini-apps. Powered by Alibaba Cloud, it enables token-based communities to spin up interactive utilities within minutes, the company said.

Other live products include NovaToon, a Web3 webtoon platform that allows fans to co-create stories with NFTs, and Deviants: Fight Club, a Telegram-based PvP game that integrates Astra Nova’s RVV token for in-game rewards. BlackPass, the firm’s onchain engagement and loyalty program, has drawn over 250,000 users to date.

The company says it plans to expand into new markets across the Middle East, Europe and Asia while preparing for regulatory compliance. Strategic partners include NEOM, NVIDIA Inception and Alibaba Cloud.

Source: CoinDesk