The Red Village Closes $6.5 Million Funding Round
The Red Village, a play-to-earn NFT battle game, closed a "heavily-oversubscribed" $6.5 million funding round led by Animoca Brands and GameFi Ventures.
Other notable investors include KuCoin Ventures, Polygon Studios, Metavest Capital, SL2 Capital, DWeb3 Capital, Spark Digital Capital, Fundamental Labs, OIG Capital, MEXC Global, IQ Labs, LucidBlue Ventures, Rendezvous Equity, Paribu Ventures, Crypto Gaming United, Pylon Capital, Prometeus Labs, Capital Vendetta, and more.
The Red Village will start building a dark-fantasy gaming ecosystem on the Polygon blockchain called The Darklands. The Darklands is inspired by RuneScape, Diablo, Elden Ring, and The Witcher.
The team has secured a development agreement as part of the funding round with Blowfish Studios, known for producing AAA-quality, open-world, science-fiction shooter Phantom Galaxies.
"The partnership with Blowfish Studios will allow The Red Village team to focus on a core belief: that leading with a game-first, fun-first approach, creating a metaverse experience that has true socialising capacity, entralling gameplay, and wickedly strong lore and community, will be the catalyst for onboarding the rest of the world into blockchain games," the team wrote on Twitter.
The Red Village Tournaments are already live in 3D beta, paying out more than $500,000 with its play-to-earn mechanic.
"Games like The Red Village provide an experience that conventional gamers are familiar with, and will lead the charge as players search for games that are both fun and also an opportunity to play-and-earn," Chairman of Animoca Brands Yat Sui said.