Crypto

Azra Games raises over $42m to develop blockchain-integrated game

Azra Video games, a online game developer primarily based in Sacramento, has secured $42 million in Sequence A funding, with funding from Pantera Capital, Andreessen Horowitz, and NFX. 

The funds will likely be used to develop a mobile-first role-playing recreation that integrates blockchain know-how and non-fungible tokens, according to an organization press launch. This can deliver the corporate’s complete funding to $68.3 million.

Mark Otero, Azra’s CEO, beforehand developed Star Wars: Galaxy of Heroes, one in all Digital Arts’ most profitable video games. Otero goals to create a brand new RPG that leverages blockchain know-how.

Azra Video games plans to make the most of the funding to broaden its workforce and advance its improvement tasks. Moreover, it goals to develop Azra Labs, a analysis and improvement initiative.

An institutional nod to blockchain gaming

Pantera Capital, NFX, and a16z are key gamers within the blockchain and enterprise capital industries. Their involvement is a proper nod to sturdy investor confidence within the potential of blockchain gaming.

Their assist of Azra Video games suggests they see a chance for blockchain gaming to lastly break by way of. These buyers sometimes goal tasks with potential for mainstream adoption and long-term development.

Combining gaming with blockchain has not been simple. Many builders have tried to combine these applied sciences, however the majority have failed. Regardless of the challenges, the potential stays, and buyers like Pantera Capital and a16z proceed to fund new tasks in the hunt for a successful system.

Azra Video games plans to develop its RPG first, specializing in making a compelling and sustainable expertise for gamers earlier than including blockchain-based options like NFTs. The sport would then enable gamers to personal and commerce digital belongings, according to Fortune. 

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