- Revolving Video games raised $12 million in pre-seed financing and one other $13.2 million in seed funding from buyers led by Animoca Manufacturers and Pantera Capital.
- The corporate will use the capital to develop its blockchain-based video games.
- Its ‘Skyborne Legacy’ title on Polygon is predicted in early October.
Gaming studio Revolving Video games has closed a $25 million funding spherical because it appears to advance growth of blockchain-based video games, in line with particulars shared on Friday.
The funding features a pre-seed financing spherical that netted the Web3 recreation developer $12 million from buyers and an additional $13.2 million in new capital raised in a seed spherical.
Revolving Video games to launch recreation on Polygon
The corporate, based in 2020 as a cellular recreation studio and earlier than the Web2 period started to pave method for Web3, raised the funds over the previous two and half years. High enterprise companies Pantera Capital and Animoca Manufacturers are amongst distinguished buyers to again the funding.
“Web3 gaming is among the most revolutionary and quickly growing sectors throughout the crypto business, and we’re proud to be within the vanguard of this digital revolution,” Pantera Capital common companion Paul Veradittakit commented.
Different buyers backing the blockchain-focused recreation developer are Polygon, Kenetic, Dapper Labs and Permanens Capital Companions. Rockstar Video games co-founder Dan Houser, who’s an adviser on the firm, additionally participated within the newest spherical.
Revolving Video games plans to make use of the funds to construct AAA blockchain video games, together with a second title so as to add to its Battlestar Galactica. As famous within the press launch, the second title will likely be a blockchain-based MMO recreation dubbed ‘Skyborne Legacy’.
The sport will likely be anchored on the Polygon blockchain. Skyborne Legacy is ready for launch in early October.
“With 2 studios and a crew of 100+, we’re dedicated to constructing high-quality AAA titles which might be enjoyable and lasting. We perceive that any profitable recreation begins first with establishing huge on-line worlds, and we’ve introduced in key hires and strategic buyers to assist us try this,” the crew tweeted.
