The company that develops games using blockchain technology Revolving Games raised more than $25 million in the two of its round of seed capital. Revolving Games raised $12 million in pre-seed financing as well as $13.2 millions in seed capital according to an announcement. Pantera Capital, Animoca Brands, Polygon, Dapper Labs and Grand Theft Auto producer Dan Houser were part of the seed round of funding. The company plans to make use of the $25 million to fund original and completely decentralized web3 games in the coming two years. Animoca Brands co-founder Yat Siu said
“We couldn’t be more passionate about building out a true web3 ecosystem of exciting, unique gaming experiences, and we see that reflected in the work being created here,”.
Revolving Games is a company that specializes in AAA games which are video games that come with more money in production and value. Grand Theft Auto, Halo and Call of Duty are considered AAA game franchises. Blockchain gaming has seen a rise in the past year due to the rapid growth of Axie Infinity and other blockchain-based AAA games aren’t nearly as prevalent as their web-based or mobile counterparts.