- Blast Royale raised $5 million of seed capital through a private token sale
- The funds will be used to finance game development and grow the community
- Blast Royale promises to revolutionize GameFi and aims to become one of the first Battle Royal games on Web3.
The promising blockchain-based play-and-earn mobile title Blast Royale has successfully closed a seed funding round, First Light Games announced on April 13. The funding round, which raised $5 million through a private token sale was co-led by Animoca Brands and Mechanism Capital and saw participation from many other top investors and partners including Dragonfly Capital, DeFiance Capital, Play Ventures Future Fund, Double Peak, Polygon, C² Ventures, Morningstar Ventures, DWeb3, Merit Circle, Ancient 8, AvocadoDAO. In addition, notable angel investors Santiago R Santos and Nick Chong backed the game development. Neil McFarland, CEO of First Light Games was delighted to see so much participation from key players from the industry:
“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.”
Blast Royale: A Web3 Battle Royale Game that aims to revolutionize GameFi
Blast Royale is a much anticipated in-development game that promises to challenge the conception of what blockchain gaming by launching a blockchain game with high-quality graphics, exciting gameplay, and unique monetization features. The game is being developed by London-based First Light Games studio and the crew that is currently working on Blast Royale is an experienced team consisting of members that have worked on world-class titles such as Monument Valley, Fable, Street Fighter and Tomb Raider. According to the project’s roadmap, Blast Royale will be ready for a global launch in Q3 2022. Nevertheless, the testnet release of the game is scheduled to take place already at the end of Q2. Towards the end of the year First Light Games plans to introduce tournaments and high-stakes Blast Royales and ultimately make a push into eSports.
Blast Royale P2E features and Tokenomics
Once launched, Blast Royale will offer both a free-to-play variant as well as a play-to-earn variant, where players will be able to equip their character with three NFTs that will enable them to earn Craft Spice when playing matches. As many blockchain games, Blast Royale will utilize two tokens. Blast ($BLST) will be the primary ecosystem token, while Craft Spice ($CS) will act as a medium of transferring value within the Blast Royale metaverse. This means that fees incurred by trading NFTs on the Blast Royale Marketplace and crafting new NFTs will need to be pays in $BLST, whereas $CS will be earned by winning battles and needed for in-game equipment crafting and repairs.
What leading investors have to say about Blast Royale?
Animoca Brands co-lead the $5 million seed funding round with Mechanism Capital. Animoca Brands already has over 150 investments in NFT-related companies and metaverse projects, which positions the company as a global leader in gamification and blockchain-based gaming. Nevertheless, Yat Siu, the executive chairman and co-founder of Animoca Brands, was content with Blast Royale, the latest addition to their portfolio. He thinks that the game will be especially appealing for younger generations:
“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.”
Mechanism Capital, the other major Blast Royale investor, is convinced that the developer team will deliver a great product. Eva Wu, Principal at Mechanism Capital, applauded the team’s experience and the fact that the game will also be deployed in a free-to-play edition. She stated:
“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.”
