Gunzilla Games, the developer of the new video game Off the Grid, has raised $30 million in a round co-led by CoinFund and Avalanche's Blizzard Fund, according to an announcement.
“Off the Grid”, which is basically free to play, The battle royale video game will be released on both Sony PlayStation and Microsoft's Xbox in addition to PC. According to Gunzilla Games, the new third-person shooter game “deploys innovative concepts of full asset ownership and a player-driven in-game economy.”
Gunzilla Games also said in a statement that the “total $30 million” raise includes a “$10 million strategic token round.” Participation from Republic Capital and Morningstar Venturesand “Previously Unreported stock and validator sales. ” Gunzilla Games' new funding is A $46 million funding round starting in August 2022.
The field of blockchain-based shooter-style video games seems to be maturing with Off the Grid set to compete with other titles such as: Studio 369 “MetalCore” and extraction shooter “Shrapnel”. Until now, most crypto video games that allow players to own and trade digital assets have been fairly limited in scope and complexity.
”With future release,“Off the Grid” And by making GUNZ publicly available, we are not only moving towards new horizons in AAA gaming, but also establishing a new standard in the blockchain space.” CEO Vlad Korolov said in a statement.
He said that “Off the Grid'' was “It offers a “AAA gaming experience” and “incorporates a decentralized, community-driven in-game economy to exceed gamers' expectations and enrich their engagement with the gaming world.”
coin fund pEvan Fenn, artist and director of research, said in a statement:The gap between traditional and on-chain games is rapidly closing and will reverse as game developers choose to harness the full power of blockchain technology. ”
Platform for trading in-game assets
Gunzilla Games said GUNZ leverages blockchain The platform “allows Gunzilla and even other AAA game developers to fully own their in-game items as NFTs that can be traded on on-chain marketplaces and mobile apps,” the company says. , the GUNZ testnet was launched in April last year.
“'Off the Grid' perfectly dissolves tricky Web3 elements like complex wallets and NFT acquisition into natural gameplay, giving the everyday console gamer something they don't necessarily realize they have in a blockchain game. “We provide a blockchain gaming experience without any hassle,'' said Lydia Chiu, an executive at Ava Labs. Head of Blizzard Fund.
Last year, Gunzilla GamesGameplay walkthrough trailerVideos of upcoming games will be available on YouTube.This video of his has been viewed over 400,000 times and is recognized by top gamers as Dr. Disrespect, Clicks, Imperial Hull.
Disclaimer: The Block is an independent media outlet that delivers news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block remains independently operated to provide objective, impactful, and timely information about the cryptocurrency industry. Current financial disclosure information is as follows:
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
