P2E Game Blast Royale Raises M in Seed Round with Animoca Brands, Mechanism Capital
First Light Games announced that its blockchain-based play-to-earn (P2E) mobile title, Blast Royale, has successfully closed a $5-million private token sale. The round was co-led by Animoca Brands and Mechanism Capital, with participation from several other top investors and partners, including Dragonfly Capital, DeFiance Capital, Play Ventures Future Fund, Double Peak Group, Polygon, C2 Ventures, Morningstar Ventures, DWeb3 Capital, Merit Circle, Ancient8 and Avocado DAO, also backed by notable angel investors such as Santiago R Santos and Nick Chong.
The funds raised will be used to continue to develop the game, attract top talent and grow the game community. Blast Royale is built on the Polygon layer-2 chain and is due for its testnet release at the end of the second quarter of this year. Players equip nonfungible token (NFT) items onto their characters and take part in Battle Royales, where they earn Craft Spice to upgrade and improve their equipment. A further competitive metagame layer has also been added to equipment, giving players strategic agency on the optimal loadout to bring into battle. Furthermore, tournaments and high-stakes Blast Royales are also planned later in the year as First Light Games plans a push into esports.
With its high-quality graphics, competitive metagame mechanics, exciting gameplay and unique monetization features, Blast Royale promises to revolutionize GameFi.
Blast Royale Raises $5 Million in Seed Round Co-led by Animoca Brands and Mechanism Capital
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Neil McFarland, CEO of First Light Games, said:
“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.”
Yat Siu, executive chairman and co-founder of Animoca Brands, said:
“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, principal of Mechanism Capital, said:
“When a space such as 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 such as 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 P2E world might look like.”
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Source: igaming
