Moonray
Moonray PBC is a US-based Web3 gaming company developing a multiplayer action-RPG and integrated NFT marketplace built on blockchain technology, serving gamers and NFT enthusiasts with tokenized in-game digital asset ownership.
- Company typePrivate
- Founded2020
- HeadquartersOlympia, United States
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What Moonray does
Moonray PBC is a privately held Public Benefit Corporation founded in 2020 and headquartered in Olympia, Washington. The company operates in the Web3 gaming sector, building two interconnected products: an NFT marketplace and a multiplayer action role-playing game. Its core technology stack is centered on blockchain and cryptocurrency infrastructure, with the stated intent to create an in-game digital economy where players can own, trade, and monetize digital assets through tokenized ownership. The target customer is a horizontal consumer persona described as 'gamers and NFT enthusiasts.'
The company raised a $3.5 million seed round in December 2021, led by Animoca Brands with participation from a broad syndicate of crypto-native investors including Blockchain Founders Fund, LongHash Ventures, Republic Capital, MH Ventures, LD Capital, Fairum Ventures, GBV Capital, and others. Product launch was announced for 2022 but the marketplace and game appear to have experienced delays based on subsequent references. An additional, undisclosed funding round was reported in April 2026 to support development of multiplayer, mobile, and Web3-enabled gaming platforms. The company is led by founder/CEO Rodrigo Etcheto, with a small team of 11–50 employees, and operates with no disclosed parent company, no named institutional investors beyond the seed syndicate, no public pricing, and no disclosed revenue.
Moonray's go-to-market is consumer-direct through gaming platforms, and the company has signaled cross-platform ambitions covering PlayStation, Steam, Xbox, iOS, and Android. The business model is implicitly transaction-based — fees from NFT marketplace activity and/or in-game digital asset trading — though no pricing mechanics, take rates, or revenue figures are publicly disclosed. The Public Benefit Corporation structure signals a dual mission of profit and stated social/benefit purpose, though the specific benefit commitments are not detailed in the available source material.
Moonray firmographics
Firmographics- Name
- Moonray
- Legal name
- Moonray PBC
- Website
- https://moonray.game
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Moonray PBC is a US-based Web3 gaming company developing a multiplayer action-RPG and integrated NFT marketplace built on blockchain technology, serving gamers and NFT enthusiasts with tokenized in-game digital asset ownership.
- Ownership category
- akta.pro rank
Moonray industry classification
Industry- Product category
- Blockchain Gaming
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Web3/Blockchain Game Studios (MPAFAAAO)
- akta.pro secondary industries
- On-Chain Game Engines & Developer Tooling (SDKs, APIs, Unity/Unreal plugins) (FSAPAGAB), In-Game Asset Standards & Infrastructure (NFT items, marketplaces, royalties, asset registries) (FSAPAGAE), Web3 Game Publishing & Distribution Platforms (FSAPAGAA), Gaming NFTs & In-Game Asset Marketplaces (FSADANAF)
Keywords
Where Moonray is headquartered
LocationHeadquarters
- HQ city
- Olympia
- HQ country
- United States
- HQ region
- North America
Markets served
Moonray business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Moonray product offering
Product offeringCore offering
Moonray develops a Web3-enabled multiplayer action-RPG video game paired with an integrated NFT marketplace, allowing players to venture into an intergalactic world while trading digital assets through a blockchain-powered digital economy. The product portfolio centers on a multiplayer action role-playing game and an NFT marketplace that together enable digital asset ownership and monetization within the gaming ecosystem.
Product overview
Moonray is developing a Web3-enabled gaming platform consisting of an NFT marketplace and a multiplayer action-RPG game. The company leverages cryptocurrency and blockchain technology to create a digital economy within its gaming ecosystem, allowing players to trade and monetize digital assets. The product portfolio centers on these two interconnected offerings—a Web3 marketplace for NFT transactions and a multiplayer game as the primary engagement platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Multiplayer Action-RPG Game
- NFT Marketplace
Companies that use Moonray
Customer profileSegments1 record
Ideal customer profiles1 record
Moonray technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Moonray partnerships and signals
Strategic signalScale indicators1 record
Recent moves5 records
Expansion highlights4 records
Moonray competitors and assessment
Company assessmentBroad incumbents
- Animoca Brands: Web3 gaming conglomerate and lead investor in Moonray's seed round. Operates a broad portfolio of blockchain games, NFT marketplaces (e.g., OpenSea-competitor platforms), and GameFi tokens, making it the most strategic comparable for both the game studio and marketplace businesses.
- The Sandbox: Decentralized voxel-based metaverse with a LAND NFT economy and user-created game experiences. Adjacent competitor in the broader play-and-earn Web3 gaming category, with a more established marketplace and brand.
- Immutable: Provider of Immutable zkEVM and Immutable X, the leading L2/L3 scaling and tooling stack for Web3 games, plus publisher of Gods Unchained. Comparable as both a games infrastructure peer to Moonray's Iltar Engine and a Web3 game publisher.
Direct peers
- Big Time Studios: Developer of Big Time, a multiplayer action-RPG with NFT-based cosmetic items and a player-driven in-game economy. Closely comparable to Moonray's multiplayer action-RPG plus NFT marketplace bundle in both genre and tokenization approach.
- Illuvium: Open-world auto-battler RPG built on blockchain with NFT-based creatures and items tradeable on a native marketplace. Directly comparable to Moonray's Web3 action-RPG + integrated marketplace model, though at much larger scale.
- Star Atlas: Space-themed multiplayer Web3 game (matching Moonray's intergalactic positioning) with NFT ships, assets, and a player-driven economy. Highly relevant given the shared genre (space action game) and asset-tokenization mechanics.
- Gala Games: Web3 gaming platform operating multiple play-to-earn and NFT-integrated titles (including Town Star, Spider Tanks). Comparable as a multi-game Web3 publisher combining first-party studios with on-chain marketplaces.
- Mythical Games: AAA Web3 game studio behind NFL Rivals and Blankos Block Party, with a marketplace for branded and user-created NFT assets. Comparable in combining high-quality multiplayer games with a transactional NFT economy.
Regional players
- WAX (Worldwide Asset eXchange): Blockchain purpose-built for trading virtual goods and in-game NFT assets, hosting titles such as Alien Worlds and Farmers World. Comparable as gaming-focused NFT marketplace infrastructure rather than a single game.
Emerging players
- Enjin: Long-running blockchain gaming platform offering NFT tools (Enjin Marketplace, Efinity) and a developer SDK. Comparable to Moonray's on-chain asset and tooling ambitions, particularly the NFT marketplace layer.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks4 records
Key highlights5 records
Customer concentration
Moonray social profiles
Digital presenceMoonray financial estimates
Financial estimateRevenue estimate
Valuation estimate
Moonray leadership team
Management profileNumber of profiles
Profiles1 record
Moonray funding detail
Funding detailFunding overview
Funding rounds3 records
Investors23 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Moonray M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Moonray
What does Moonray do?
Moonray develops a Web3-enabled multiplayer action-RPG video game paired with an integrated NFT marketplace, allowing players to venture into an intergalactic world while trading digital assets through a blockchain-powered digital economy. The product portfolio centers on a multiplayer action role-playing game and an NFT marketplace that together enable digital asset ownership and monetization within the gaming ecosystem.
Is Moonray a public or private company?
Moonray is a private company. It is classified as venture growth investor backed and is currently operating.
When was Moonray founded?
Moonray was founded in 2020. It employs 11 to 50 people.
Where is Moonray based?
Moonray is headquartered in Olympia, United States, in the North America region.
Who are Moonray's main competitors?
Broad incumbents on record are Animoca Brands, The Sandbox and Immutable. Direct peers are Big Time Studios, Illuvium, Star Atlas, Gala Games and Mythical Games. WAX (Worldwide Asset eXchange) is listed as a regional player. Enjin is listed as an emerging player.
Does Moonray have an API?
No public API is recorded for Moonray.
What industry is Moonray in?
Moonray's product category is Blockchain Gaming. Its primary akta.pro industry code is MPAFAAAO, Web3/Blockchain Game Studios, with a secondary code of FSAPAGAB, On-Chain Game Engines & Developer Tooling (SDKs, APIs, Unity/Unreal plugins). Its NAICS code is 52321 and its SIC code is 6200.