Web3 entertainment company Astra Nova has completed a funding round of $48.3 million, led by Outlier Ventures and others.

Techub News reports that, according to CoinDesk, AI-focused Web3 entertainment and infrastructure company Astra Nova has completed a funding round of $48.3 million, led by Outlier Ventures and family offices and institutional investors from Saudi Arabia, the UAE, and Bahrain. This round of funding will be used to expand its tokenization content tools and creator platform suite.

The tools developed by Astra Nova enable creators to launch blockchain-based entertainment experiences without any technical skills. Its flagship product TokenPlay AI serves as a no-code launch platform for mini-programs. The company states that this product is supported by Alibaba Cloud, allowing token-based communities to launch interactive utilities in minutes. Other launched products include NovaToon (a Web3 network comic 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).