Blast Royale Concludes Investor-Studded $5M Private Token Sale -Breaking
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© Reuters. The Blast Royale Private Token Sale Closes with an Investor-Studded $5M- Blast Royale wins $5M seed round
- Mechanism Capital and Animoca Brands co-led the private token sale.
- Blast Royale’s developer First Light Games announced the news.
Blast Royale is a mobile blockchain-based game that allows you to play and earn. It raised $5 Million during its token sale. First Light Games announced that the money raised will be used by the developer to develop and grow the game as well as the community and recruit top talent in the sector.
Mechanism Capital and Animoca Brands co-led the seed round. In addition, it was attended by top investors such as DeFiance Capital, Dragonfly Capital, Double Peak, Play Ventures Future Fund, C² Ventures, Polygon, DWeb3, Morningstar Ventures, AvocadoDAO, Merit Circle, and Ancient 8. Notable angel investors, including Nick Chong and Santiago R Santos, also participated in the private sale.
Neil McFarland from First Light Games, the CEO of First Light Games, spoke extensively about his thoughts regarding this milestone.
The support of some the leading investors in Blockchain Gaming is an incredible blessing. We share the vision that Blast Royale will be a top-rated gaming title. Our partners are passionate about creating an online Battle Royale game for Web3.
Meanwhile, Yat Siu, the Executive Chairman and Co-Founder of Animoca Brands, shared that their team was “very impressed” with the topnotch gameplay quality that Blast Royale provides its users. He further states, “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.”
Furthermore, Eva Wu of Mechanism Capital, praised the First Light team–describing them as “first-class.” She also disclosed that they are very excited to work with First Light to “tackle what a play-to-earn world might look like.”
Blast Royale, currently being built on the Polygon L2 chains, is scheduled for a Q2 testnet release. This game allows players to equip their characters using NFT items, and then take part in Battle Royales, where they will earn Craft Spice which can be used for upgrading their equipment.
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