Revolving Games raises $25M for Web3 game development


Revolving Video games raised $12 million in pre-seed financing and one other $13.2 million in seed funding from traders 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 anticipated in early October.

Gaming studio Revolving Video games has closed a $25 million funding spherical because it seems to be to advance growth of blockchain-based video games, in keeping with particulars shared on Friday.

The funding features a pre-seed financing spherical that netted the Web3 sport developer $12 million from traders and an extra $13.2 million in new capital raised in a seed spherical.

Revolving Video games to launch sport on Polygon

The corporate, based in 2020 as a cellular sport studio and earlier than the Web2 period started to pave approach for Web3, raised the funds over the previous two and half years. Prime enterprise corporations Pantera Capital and Animoca Manufacturers are amongst outstanding traders to again the funding.

“Web3 gaming is without doubt one of the most progressive and quickly creating sectors throughout the crypto business, and we’re proud to be within the vanguard of this digital revolution,” Pantera Capital common accomplice Paul Veradittakit commented.

Different traders backing the blockchain-focused sport 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 shall be a blockchain-based MMO sport dubbed ‘Skyborne Legacy’.

The sport shall be anchored on the Polygon blockchain. Skyborne Legacy is about for launch in early October.

“With 2 studios and a crew of 100+, we’re dedicated to constructing high-quality AAA titles which are enjoyable and lasting. We perceive that any profitable sport begins first with setting up huge on-line worlds, and we’ve introduced in key hires and strategic traders to assist us do this,” the crew tweeted.

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