Six founders of the game studio Neon Machine behind Shrapnel have filed a lawsuit in the Delaware Court of Chancery against Cort Javarone, CEO of 4D Factory Investment Company, Steve Horowitz, a 4D shareholder, and Scott Honour, of private equity firm Northern Pacific Group, alleging that these investors are attempting to take control of the company's shareholders and loot its coffers.

Neon Machine, the developer of blockchain-based AAA first-person shooter game Shrapnel, has raised $20 million in a Series A funding round led by Polychain Capital. Other investors included Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures. The company plans to use the funds to accelerate the launch of Shrapnel, which will be available to paid subscribers from December 2023 and as a free-to-play version in 2024. The game has already gained popularity in the industry, and Neon Machine also plans to launch the Shrapnel Marketplace for in-game item purchases and trades.