Riyadh – Shaikat Mubasher: Astra Nova, a Saudi company merging artificial intelligence with blockchain technology, secured $48.3 million in funding to advance its AI-powered Web3 entertainment ecosystem.

The round includes $41.6 million from a recent strategic raise, led by Outlier Ventures, with participation from Middle Eastern institutional investors, members of the Shiba Inu project, and other strategic backers, as per a recent press release.

The new funding will accelerate Astra Nova’s mission to simplify content creation through its no-code, AI-driven platform, TokenPlay AI, which allows creators to design blockchain-based entertainment experiences without technical expertise. The platform has already attracted a waitlist of over 250,000 creators.

Astra Nova’s ecosystem also includes NovaToon, a Web3 webtoon publishing platform, and Deviants: Fight Club, a Telegram-based PvP game. Combined, its platforms have drawn more than 500,000 users, with daily active users exceeding 200,000.

Faizy Ahmed, Co-founder, said the funds will support Astra Nova’s goal of empowering creators and expanding access to decentralized entertainment tools. The company’s infrastructure is supported by Alibaba Cloud PAI, Qwen AI, and NVIDIA’s Inception Program, providing advanced AI and cloud scalability.

Notably, Astra Nova’s partnerships extend to NEOM, Saudi Arabia’s futuristic city project, signaling growing regional interest in Web3 innovation. The company also collaborates with The Binary Holdings, which targets telecom users across Southeast Asia.

With this investment, Astra Nova plans to launch its $RVV token, enabling payments, governance, and revenue-sharing within its ecosystem. Analysts have described the funding as one of the year’s most strategic Web3 raises, positioning Astra Nova to lead the next wave of AI-powered, creator-driven digital entertainment.