Blockade Games raises $5 million in Animoca Brands-led investment round

US blockchain-based game developer, Blockade Games, has just raised $5 million in its latest investment round at a $23 million valuation.

Led by Animoca Brands, this round of funding was supported by follow-on investment from Drew Austin from Redbeard Ventures, Flamingo DAO, Galaxy Interactive, Roham Gharegozlou from Dapper Labs, Keith Grossman from TIME and Meltem Demirors from Coinshares.

Being the development studio behind the futuristic action title Neon District, Animoca Brand’s CEO Robby Yung saw a great deal of utility from the studio headed by Marguerite de Courcelle.

“We are pleased to be leading this investment round into Blockade Games.” Yung continued: “The team are amongst the most experienced veterans of the blockchain games industry, and they really understand the power of bringing tokenomics to games.”

Thus far, Blockade Games has accrued a user-base of 100,000 and has created 11K+ new users in the past month. The game has 177K+ unique asset owners and 2.1 million Season 1 NFTs have been minted.

With this influx of new funding, the studio will be proceeding with new hires, further game development, along with fostering new partnerships and marketing to boost community engagement and growth.

Blockade Games’ CTO and Co-Founder Ben Heidorn highlights how funding will also go towards building out its in-game tokenomics. “NFTs provide immense possibilities for game developers to engage with their community. We’re excited to ramp up our efforts to explore creative new ways for players to immerse and express themselves.”

Find out more about Blockade Games here.

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Animoca BrandsBen HeidornBlockade GamesFundingNeon DistrictRobby Yung