The Red Village Announces $6.5M Seed Round Led by Animoca Brands and GameFi Ventures Fund

PRESS RELEASE. 3 June, 2022 — Sydney, Australia: Play-and-Earn sport The Red Village has introduced $6.5M in seed funding from among the world’s main blockchain buyers, together with Animoca Brands and GameFi Ventures Fund, to create an immersive dark-fantasy ecosystem focused at conventional avid gamers.

Animoca Brands is the worldwide chief in gamification, blockchain, and metaverse tasks, with a portfolio of greater than 170 investments in NFT-related corporations and decentralised tasks which can be contributing to constructing the open metaverse. These tasks embody The Sandbox, the world’s premier metaverse and Phantom Galaxies, the AAA-quality open-world science fiction shooter. Animoca Brands’ in depth community and business experience will assist place The Red Village among the many high blockchain tasks globally.

The Red Village includes two sport modes; Tournament mode (which is at the moment dwell and playable in beta and supported by a thriving group), and an growth of the ecosystem referred to as The Red Village: Darklands, at the moment underneath growth by Animoca Brands’ subsidiary Blowfish Studios. The new funding might be partially used to construct the immersive, dark-fantasy growth, which attracts inspiration from conventional titles reminiscent of RuneScape, Diablo, Skyrim, Elden Ring, and The Witcher.

“The true catalyst for the mass adoption of the blockchain will be the onboarding of traditional gamers into the metaverse through high quality, immersive ecosystems with strong lore, engaging gameplay, and lively community,” The Red Village co-founder Brendan Robb mentioned.

”We have not often seen a mission that evokes conventional avid gamers to make the leap into blockchain gaming, and we imagine the rationale for that’s the lack of nice sport experiences. We will supply an awesome sport expertise.”

Yat Siu, the chief chairman and co-founder of Animoca Brands mentioned The Red Village partnership was an indication of issues to return. “The world is waking up to the power of the metaverse, and projects are scrambling to make the transition from Web2 to Web3 as easy as possible for users,” he mentioned. “Games like The Red Village provide an experience that conventional gamers are familiar with, and will lead the charge as players search for gaming that is both fun and also an opportunity to play-and-earn.”

Other value-adding buyers within the considerably oversubscribed seed spherical embody Kucoin Ventures, JellyC, Sfermion, Polygon Studios, Metavest, SL2 Capital, Dweb3 Capital, Spark Capital, Fundamental Labs, OIG Capital, MEXC Global, IQ Protocol, Rendezvous Equity, Paribu Ventures, CGU, LucidBlue Ventures, DuckDAO, Pylon Labs, Prometeus Labs, Vendetta Capital, and a number of other well-known angel buyers.

About The Red Village

The Red Village is a hit story of blockchain-gaming, with two bought out NFT gross sales in late 2021 and early 2022 producing greater than 1,100 ETH, and buying and selling greater than 3,000 ETH on secondary. The Red Village Tournament mode is at the moment dwell in playable beta, and gamers have already received over $500,000USD. As the primary dark-fantasy sport on the blockchain, The Red Village is aiming to bridge the hole between conventional avid gamers and the metaverse by way of deep lore, immersive storylines and an lively and engaged group. The Red Village: Darklands is underneath growth by Animoca Brands’ Blowfish Studios.

Media contact: Brendan Robb
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