London-based blockchain game developer, First Light Games completes a $5 million token sale funding round
13 April 2022 - 6:45PM
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First Light Games has successfully completed a $5 million private
token sale round led by Animoca Brands and Mechanism Capital to
develop its play-to-earn mobile-based game, Blast Royale. In an
announcement today, London-based game development firm, First Light
Games successfully closed a $5 million private token sale in an
effort to boost the development and adoption of its
blockchain-based mobile game, Blast Royale. The private token sale
was led by top investors in the space including Mechanism Capital
and Animoca Brands, a blockchain firm that has already invested in
over 150 NFT-related companies over the past year. The funds raised
will be used to continue to develop the game, attract top talent,
and grow the game community. Furthermore, the funds will be used to
create new features in the game including tournaments and
high-stakes Blast Royales, planned to be launched later in the year
as First Light Games plans a push into esports. The private sale
also welcomed participation from other top crypto investment
companies and angel investors including Dragonfly Capital, DeFiance
Capital, Play Ventures Future Fund, Double Peak, Polygon, C²
Ventures, Morningstar Ventures, DWeb3, Merit Circle, Ancient 8, and
AvocadoDAO. Nick Chong and Santiago R Santos were the notable angel
investors in the round. The presence of top and influential crypto
investors in the company sets the foundation for a successful
GameFi ecosystem on Blast Royale, Neil McFarland, CEO of
First Light Games shared. With a shared vision, the investors aim
to make “Blast Royale one of the best gaming titles (in the
blockchain space)” and provide gamers with a “compelling and fun
gameplay that makes Battle Royale game suitable for the Web3
generation,” Neil added. Developed in 2021, during the NFT and
GameFi boom, Blast Royale offers users a platform to battle in a
royale survival match. The gameplay involves 30 players entering
the fighting grounds in a ‘last one standing’ competition to win
various rewards. Players battle and use their rewards to build up
their characters using NFT items won or collected within the game.
The players’ meta inventory influences the quality of items carried
into a match and the utility of their character. Blast Royale uses
two native tokens, Blast ($BLST), the primary token, and Craft
Spice ($CS), the in-game play-and-earn token of the Blast Royale
metaverse. The $CS token gives players a wide range of utility
within the game including buying enhancing equipment for your
character or repairing damaged equipment. Players earn $CS tokens
when playing the battle royal matches based on their performance,
invested time, and overall effort. The $BLST token is the main
token on the Blast Royale marketplace where users can purchase
NFTs. Having invested in over 150 gaming and NFT-related startups,
Animoca Brands executive chairman and co-founder, Yat Siu believes
Blast Royale will transform the GameFi industry with its “high
quality of gameplay”. “Given the progress so far and the First
Light Games team’s strong pedigree of several iconic hit games, we
believe that Blast Royale will be an appealing and compelling
metaverse entry for a new generation of gamers,” Siu commented. In
a similar breath, the Principal at Mechanism Capital, Eva Wu
reaffirmed the company’s goals of investing in the growing crypto
gaming industry. “When a space like crypto gaming is in its
infancy, it’s incredibly important to back strong thinkers who
shape how the space evolves,” Eva Wu said in an interview. “We’re
very excited to work with the team [Blast Royale] to tackle what a
play-to-earn world might look like.” At the end of Q2 2022, the
Blast Royale development team is planning on launching a testnet
for the game, which, if successful, will usher in the global launch
of the game in Q3. Finally, the team has also added a competitive
metagame layer to the gaming equipment, giving players strategic
agency over the optimal loadout to bring into battle.
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