Developer Gunzilla Games Secures $30 Million Fundraising

Gunzilla Games has announced that they have raised a $30 million fund for the soon-to-be-released “Off the Grid” game. The fund was raised in a round managed by CoinFund and Avalanche’s Blizzard Fund. There are rumors that the game will also be available on Sony PlayStation and Microsoft Xbox platforms, in addition to PC. Features and Financing of the Game “Off the Grid” is described as a third person shooter game and is being developed to have a player-run in-game economy. It is stated that a portion of the raised fund, totaling $10 million, was secured in a strategic token round with contributions from Republic Capital and Morningstar Ventures. This investment was recorded as the second major fundraising for the company following a $46 million financing round completed in August 2022. Vlad Korolov, CEO of Gunzilla Games, stated that with the release of the game, they will introduce an innovative […]

Developer Gunzilla Games Secures $30 Million Fundraising

Gunzilla Games has announced that they have raised a $30 million fund for the soon-to-be-released “Off the Grid” game. The fund was raised in a round managed by CoinFund and Avalanche’s Blizzard Fund. There are rumors that the game will also be available on Sony PlayStation and Microsoft Xbox platforms, in addition to PC.

Features and Financing of the Game

“Off the Grid” is described as a third person shooter game and is being developed to have a player-run in-game economy. It is stated that a portion of the raised fund, totaling $10 million, was secured in a strategic token round with contributions from Republic Capital and Morningstar Ventures.

This investment was recorded as the second major fundraising for the company following a $46 million financing round completed in August 2022. Vlad Korolov, CEO of Gunzilla Games, stated that with the release of the game, they will introduce an innovative standard in both AAA games and the blockchain sector.

In-Game Economy and Market Position of the Game

The team emphasized that “Off the Grid” will exceed players’ expectations and increase interactions with a community-focused, decentralized in-game economy. Evan Feng, Partner and Research Director at CoinFund, noted the diminishing gap between traditional and on-chain games, and developers’ full utilization of blockchain technology.

Gunzilla Games introduced the GUNZ platform, which creates an ecosystem that allows assets within the game to be fully owned by players as NFTs, enabling trading on-chain marketplaces and mobile applications. The company announced that GUNZ test phase was launched in April. Lydia Chiu expressed that “Off the Grid” will seamlessly introduce web3 elements to players and provide console gamers with a natural blockchain experience.

how to buy crypto?
Related Posts

Token Lock Releases and the Market Impact of ID Token

News 4 weeks ago

The cryptocurrency ecosystem closely monitors token lock release events, especially with great attention. Within the next week, it is indicated that token lock releases worth approximately $45.80 million will take place. These events can significantly affect market fluctuations. Particularly, ID, the local token of the Space ID platform that provides domain services in blockchain networks, is one of the key tokens that investors keep an eye on. ID Token Lock Release The lock release of the ID token, which will show an increase in supply of approximately 4.29%, will take place on April 22 at 03:00. This event can affect the market value of the ID token and the interest of investors in this token. Currently, the token is trading at $0.849 level and investors are closely monitoring this process. ID Chart Analysis According to the four-hour chart analysis of the ID token, an exit from the falling channel formation […]

Analysis of XRP Coin on SEC Lawsuit and Market Impacts

News 4 weeks ago

The ongoing legal process with the SEC has been affecting the market evaluations of XRP coin. Lawyers are set to present their appeals on Monday. Experts indicate that the increase in circulation supply will make it difficult for XRP to reach its former highs. Nevertheless, the recent short-term recovery in its price is promising. Market Dynamics and Price Movements Following recent losses, XRP has risen by 5.55% to $0.53. While its losses were greater compared to other cryptocurrencies, it is currently showing signs of recovery. Legal evaluations, court documents, and other details may positively or negatively impact XRP’s price in the future. Throughout 2024, the market has been on the rise while XRP has been lagging behind other altcoins. It lost 15% this year, while Bitcoin showed a 35% increase. This underperformance of XRP has prevented its growth even in high-risk appetite days. Investor Interest and Expectations Some investors may […]

The Strong Structure of Cardano (ADA) Treasury and ADA Coin Price Predictions

News 4 weeks ago

Cardano’s (ADA) treasury holds 1.5 billion ADA, which accounts for more than 4% of the circulating supply and is worth around $720 million with the current market value. These funds in the treasury are used to support the ecosystem and finance new projects. The Cardano ecosystem aims to create a self-sustaining structure using this balance. Features of the Cardano Ecosystem Cardano has a decentralized structure and allows ADA owners to vote democratically. This structure strengthens decentralization and democratic governance. The funds in the treasury increase through network activity, and a portion of transaction fees and block rewards accumulate in the treasury. The community votes on the use of these funds to finance projects. However, despite the expansion of Cardano’s smart contract capabilities, the number of applications that attract a significant and large user base on the network remains insufficient. The Future of ADA Coin According to technical analysis expert Ali […]

0 Comment

Write a Comment

how to buy crypto?
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
    $67,073.001.26%
  • ethereumEthereum(ETH)
    $3,105.362.74%
  • tetherTether(USDT)
    $1.000.05%
  • binancecoinBNB(BNB)
    $580.220.60%
  • solanaSolana(SOL)
    $172.952.78%
  • usd-coinUSDC(USDC)
    $1.00-0.01%
  • staked-etherLido Staked Ether(STETH)
    $3,100.262.75%
  • rippleXRP(XRP)
    $0.520.47%
  • dogecoinDogecoin(DOGE)
    $0.1551911.23%
  • the-open-networkToncoin(TON)
    $6.43-4.43%
Random