First Light Games announced that its blockchain-based play-and-earn mobile title Blast Royale has successfully closed a $5 million private investment. The round was co-led by Animoca Brands and Mechanism Capital with participation from several other top investors and partners.
This included Dragonfly Capital, DeFiance Capital, Play Ventures Future Fund, Double Peak, Polygon, C² Ventures, Morningstar Ventures, DWeb3, Merit Circle, Ancient 8, AvocadoDAO also as being backed by notable angel investors like Santiago R Santos and Nick Chong.
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
Neil McFarland, CEO, First Light Games
Funds will be used to expand the player base, attract top talent, and develop the game
Yat Siu, the executive chairman and co-founder of Animoca Brands, commented: “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.”
Using the funds raised, First Light Games will continue to develop the game, attract top talent, and grow the game community. Developed on the Polygon L2 chain, Blast Royale will be released on the testnet toward the end of Q2. NFT items are equipped to the players’ characters, and they participate in Battle Royales to earn ‘Craft Spice’ to improve and upgrade their equipment.
In addition, the metagame layer of equipment has been added, giving players strategic agency over their optimal loadout for battle. Furthermore, tournaments and high-stakes Blast Royales will also be held later this year as First Light Games aims to move into esports. With its high-quality graphics, competitive metagame mechanics, exciting gameplay, and unique monetization features, Blast Royale promises to revolutionize GameFi.
“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,” concluded Eva Wu, Principal, Mechanism Capital.
What are your thoughts about this $5 million investment secured by Blast Royale? Do let us know your opinions in the comments below!
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