Lava Labs raises $10 million for Multiplayer Web3 Game AFAR
Lava Labs, the game development studio, has managed to raise over $10 million for the development of its flagship game – A Far Away Realm (AFAR) – a third person, arcade title with interesting similarities to Fall Guys.
The funding round was headed by Dialectic – a Swiss-based office for crypto wealth clients, but was joined by major players in the blockchain gaming space, such as Animoca Brands, Razer Computer, Weak Simp Cap, Dapper Labs, Maven11. Investors also included individuals like Gabby Dizon of Yield Guild Games, Nick Chong, and Santiago R Santos.
Speaking on behalf of Dialectic, its founder Ryan Zurrer shared his strong optimism for Lava Labs’ potential, long term: “Lava Labs is on a path to become the Pixar of Web3. It’s led by an extraordinarily creative and talented team and executing at a mind-blowing pace. When you see the gameplay in AFAR the immediate reaction is ‘this game and this team are fully next level’.”
Along with these new funds, Lava Labs is gearing up for its upcoming land sale, in which it’ll sell over 10,000 plots of land to its community. For players, these plots of land will be completely useable within a mini-game while the main game undergoes development.
Similar in description to the popularly acclaimed ‘Fall Guys’, AFAR is a competitive multiplayer title where 25-players compete against each other across 4 rounds of 4-minute bouts. Players collect points, buffs and weapons during their race to the finish line: the next spaceship leaving the planet.
In case you’re curious about AFAR, check out the trailer here:
You can also check out the game by visiting the website here.