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FOTA

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SingaporeGaming
Valuation $25–50M Last recorded · 2022
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About FOTA

FOTA (Fight of the Ages) is a Singapore-based GameFi startup established in 2021 by CEO Grey Trinh, COO/CPO Binh Nguyen, and CTO Ryan Nguyen. The company is developing a AAA-quality multiplayer online battle arena (MOBA) game that integrates role-playing game (RPG) elements. The venture, owned by Meta DJINN PTE. LTD, has successfully raised $8.3 million in funding over two rounds, including an Angel round in April 2022.

The founding team brings a blend of business and technical expertise to the project. CEO Grey Trinh has a background in business management and four years of experience in the blockchain industry. COO/CPO Binh Nguyen contributes extensive experience from the gaming industry, having served as a Principal Engineer at KIXEYE STUDIO. CTO Ryan Nguyen was recognized as one of the top 200 most talented engineers globally under the Microsoft Aspire Program and has worked as a Senior Security Specialist at Microsoft.

FOTA's core offering is an immersive fantasy game set across three worlds: Greenland, Earth, and Nightmare. Players can choose from eight different character races and eight classes, engaging in various gameplay modes. These include a Player vs. Environment (PvE) campaign with a 30-level quest line and several Player vs. Player (PvP) modes like Arena and Duel. The game is built on the Unity 3D engine, targeting cross-platform availability on Microsoft Windows, macOS, Android, and iOS, and even web browsers via WebGL. A key technological feature is the integration of Microsoft Mesh, which enables mixed reality (MR) capabilities for a more immersive metaverse experience.

The business model revolves around the play-to-earn (P2E) concept, leveraging blockchain and NFTs. In-game assets such as heroes, items, land, and skins are tokenized as NFTs, which players truly own and can trade on a built-in marketplace. This creates a player-driven economy. FOTA also introduces a "Rent-to-Play" mechanic, allowing NFT owners to lease their assets to other players, providing a source of passive income and lowering the entry barrier for newcomers. Revenue is generated through the sale of these digital assets and transactions within its ecosystem. The project utilizes a single native token, $FOTA, on the BNB Chain to manage the in-game economy and has implemented a DAO mechanism for community governance.

Source: Dealroom company data

At a glance

Headquarters
Singapore
Sector
Gaming

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • KenzoVentures
Employees 12 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇸🇬 Singapore HQ
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Market sentiment

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