Quick take:
- The fundraise was led by Hashkey Capital and Polygon Ventures.
- Funds will be earmarked for product and business development, game design and team expansion.
- Revoland’s publisher, Chain X Game, plans to create a Web3-powered community.
Revoland today announced that it has raised $10.6 million in seed and pre-sale rounds led by Hashkey Capital and Polygon Ventures.
Other crypto venture capital firms that participated in the fundraise include Tian Ge Interactive, AKG Venture, LinkVC, Arcanum Capital, Atlas Capital, Crypto Nord, PlayPark, MX investment, One Block Capital, AW Capital, Phemex Venture, Winston International, Gene Vision and Yield Master.
The funds will be earmarked for product and business development, game design and team expansion. In the meantime, Revoland has been entering partnerships with prominent gaming guilds.
“The endorsement from established and thorough crypto venture capitalists is a massive boost for the platform and the sphere at large. The decision by the sixteen funds to add Revoland to their diverse, multi-sector portfolios in a bear market points to the quality of the project and the potential of the space,” said Revoland in a statement.
Revoland was the first blockchain game to launch on Huawei’s public cloud service earlier this year. With the game, its publisher, London-based Chain X Game, is targeting not just investors and P2E gaming enthusiasts, but also hardcore gamers.
Revoland is an e-sport game based on blockchain technology. Players can gather their friends, form a team, battle with others and earn token rewards. Its gameplay is designed to revolve around the combination of personal skills and teamwork.
“With Revoland, we’ve created a space where players will have full control over their in-game assets, take an active part in the construction of the game ecosystem, promote its development and act as its governors through leveraging REVO, our governance token”, Chain X Game CEO Jimmy commented.
Chain X Game’s first P2E title, Puppy Planet, integrates NFT games and decentralised yield farm applications. It currently has over 15,000 registered users, 30,000 NFTs minted and $3 million NFT trade volume.
Revoland plans to create a Web3-powered community in which players can purchase additional characters and upgrades with its native token, $LAND.
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