Vircon Legal advised Angelic on its future token sale round backed by Animoca Brands, Solana Ventures and 37 additional investors.
Angelic is a Web3 strategy RPG developed by Metaverse Game Studios, combining narrative-driven gameplay with on-chain economies and player ownership of in-game assets; the project sits at the convergence of AAA gaming production values and blockchain-native progression mechanics. The studio’s positioning addresses the central strategic question in Web3 gaming — whether on-chain economies are an add-on to genuinely engaging gameplay, or a substitute for it — with a clear emphasis on the former.
Future token sales of this scale carry materially more legal complexity than equity rounds, spanning securities-law treatment, AML, jurisdictional structuring, vesting design, and the practical realities of onboarding dozens of investors with different domiciles and accreditation profiles. The Web3 gaming category specifically has been one of the most strategically important verticals of the broader on-chain consumer category, drawing capital from Asia-Pacific gaming-native investors, U.S. crypto VCs and a long tail of strategic angels with operating experience across both gaming and crypto. Türkiye’s combination of deep gaming talent and high crypto literacy has made it a credible home base for Web3 gaming founders building against a global audience.
Animoca Brands is one of the world’s most active investors and operators in Web3 gaming and the metaverse; Solana Ventures backs ecosystem-defining projects on Solana — together the syndicate brought 39 investors with deep Web3 distribution into the round. For a Web3 strategy RPG, this composition of the cap table delivers both ecosystem reach and the credibility signal required to support a successful future token launch and exchange-listing pathway.
The Vircon Legal team on this matter was led by Managing Partner Erdem Mümtaz Hacıpaşaoğlu.
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Studio funding rounds, chain of title, publishing and platform agreements, esports.
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End-to-end M&A: due diligence, structuring, documentation, negotiation.
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