Blockchain Game Developer Azra Games Raises $42 Million in Series A
Azra Games has raised $42 million in a Series A funding round led by Pantera Capital to develop blockchain-based role-playing games.
According to a recent Fortune report , the Sacramento-based video game developer plans to use the funding to create a mobile-first RPG called Project Legends and later integrate blockchain technology like non-fungible tokens (NFTs) into its gaming ecosystem.
Azra Games has outlined plans to use part of the funding to recruit new talent. The company seeks to expand its global team to boost its development capabilities as it works on upcoming projects.
4th Generation RPG Mobile Game
In addition to team expansion, the company will allocate resources to enhance its intellectual property (IP) center. This division will play a crucial role in supporting the development of new ideas and game concepts, contributing to Azra’s long-term growth.
Project Legends will prioritize mobile gameplay with the potential for later adaptation to other platforms. This approach will allow the company to tap into the growing market for mobile gaming .
Otero envisioned “4th generation” RPGs that deliver console-quality visuals and gameplay on mobile platforms, with the flexibility to later adapt these games to other systems like PC and consoles.
“The team at Azra Games has the incredible opportunity and vision to trailblaze the 4th generation of mobile RPG games that combines the creativity of new gaming formats and experiences with the digital ownership of blockchain,” said a16z crypto General Partner Arianna Simpson.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dogecoin's market cap crosses $63 billion after 51% price surge
Dogecoin gained 51% in the last 24 hours to trade at $0.43, with a market capitalization of $63.5 billion.Analysts say Dogecoin proponent Elon Musk’s involvement in the upcoming Trump administration is adding fuel to the memecoin’s surge.
Bitcoin futures basis yields at multi-month highs may signal potential leverage unwind risk: analysts
Bitcoin futures basis yields have surged to 7-month highs, raising concerns over market leverage, QCP Capital analysts say.However, the analysts noted strong demand for high-strike call options, signaling investors’ anticipation of further breakout potential.
The German government missed out on $1.6 billion by selling its bitcoin early
The German government sold 50,000 bitcoin just four months ago — right before a major rally in the asset’s price.This pales in comparison to the amount of value the U.S. government has missed out on from its 11 bitcoin auctions.
Coinbase launches COIN50 index, tradable as a perpetual future with up to 20x leverage
Coinbase has launched a new index representing the top 50 digital assets listed on its exchange that meet the index’s fundamental criteria for inclusion.The COIN50 index is also available to trade as a perpetual future with up to 20x leverage.