Blast Royale Raises $5 Million In Seed Round Led by Animoca Brands and Mechanism Capital
Blockchain-based gaming platform First Light Games has announced the successful funding round-up for its play2earn mobile game Blast Royale. According to the report, Blast Royale raised $5 million from its private token sale which was led by Animoca Brands and Mechanism Capital.
A Significant Milestone for Blast Royale
The fundraising represents a significant move for Blast Royale and attracted the participation of several top investors and partners. Some of which include Dragonfly Capital, DeFiance Capital, Play Ventures Future Fund, Double Peak, Polygon, C² Ventures, Morningstar Ventures, DWeb3, Merit Circle, Ancient 8, AvocadoDAO as well as being backed by notable angel investors such as Santiago R Santos and Nick Chong.
The funds raised will be committed toward developing the game, attracting top talents and growing its fast-rising gaming community. Speaking on the development, Neil McFarland, CEO of First Light Games noted that it was a huge development for the blockchain game.
“We are thrilled to have such strong backing from some of the most influential investors in blockchain gaming. All of our partners share our vision for making Blast Royale one of the best gaming titles, providing compelling, fun gameplay and creating a Battle Royale game suitable for the Web3 generation,” he stated.
McFarland’s statements was further echoed by Yat Siu, the executive chairman and co-founder Animoca Brands who added:
“We are very impressed with the high quality of gameplay in Blast Royale. Given the progress so far and the First Light Games team’s strong pedigree of several iconic hit games, we believe that Blast Royale will be an appealing and compelling metaverse entry for a new generation of gamers.”
Eva Wu, the principal of Mechanism Capital also noted that investing in a fast-growing space like crypto gaming was a no-brainer.
“When a space like crypto gaming is in its infancy, it’s incredibly important to back strong thinkers who shape how the space evolves. The team at First Light is first class. Not only is this team behind some great gaming hits like Monument Valley, Street Fighter and Merge Dragons, but they were also on the cusp of the free-to-play paradigm shift. We’re very excited to work with the team to tackle what a play-to-earn world might look like,” she added.
Built on Polygon Blockchain
Blast Royale is built on the Polygon L2 chain and is set to be released as a testnet at the end of Q2. Players will be able to equip their characters with NFT items and participate in Battle Royales, where they can earn ‘’Craft Spice’’ to upgrade and improve their equipment.
Furthermore, a competitive metagame layer has been added to the game providing players strategic agency over the optimal loadout ahead of battles. First Light Games also intends to launch tournaments and highstake Blast Royales during the year as part of its push into esports.
