Azra Games Secure Promising Funding for its NFT Games
Azra Games gets another solid funding for its upcoming sci-fi NFT game. The gaming studio has secured an additional $10 million in funding from A16z to develop games featuring non-fungible tokens (NFTs). Thus far, the Sacramento-based company has raised a total of $25 million in seed funding. And is actively developing a game titled Legions & Legends, an NFT game. The investment round was led by Andreessen Horowitz (a16z) from their $600 million game investment fund. Other investors who participated in the funding round include NFX, Coinbase Ventures, Play Ventures, and Franklin Templeton.
Investments Flowing in for Promising Blockchain Projects
The recent funding round demonstrates that despite market downturns, top-tier game companies can still secure funding for blockchain games. In 2021, blockchain games made up half of all funding for game companies. However, following the cryptocurrency market downturn and the collapse of FTX, NFT games have encountered greater difficulties.
Mark Otero Journey and Web3 Objectives
Mark Otero, who oversaw the creation of Electronic Arts’ popular mobile game Star Wars: Galaxy of Heroes, is at the helm of Azra Games. According to EA data from 2021, the game has generated over $1 billion in revenue to date.
Earlier, Otero stated that Azra Games aims to build intricate and immersive game worlds. It aims to offer a specialized in-game economy and virtual collectibles, all powered by Web3 technology, including NFTs. Otero is collaborating with Sonny Mayugba and Travis Boudreaux, both of whom are seasoned entrepreneurs. Additionally, Azra Games has recruited veterans from Capital Games.
Following his departure from Capital Games some time ago, Otero took a hiatus from gaming. He later began experimenting with programming on the blockchain, and he experienced an “aha moment” as he became enamored with the idea of gamers being able to own the assets they purchased in a game. In most cases, players merely rent the items they buy, and if the publisher shuts down, players lose their entire investment. Moreover, Otero believed that with NFTs, players could verify the authenticity of their one-of-a-kind items and truly possess them.
Otero on Web3 Future
Despite the skepticism surrounding blockchain games, Otero expressed hope and promise. He is confident that his team’s credibility would help them succeed with their NFT-based game. For this reason, the company chose to begin its funding journey with reputable game venture capitalists rather than an NFT token sale.
Azra Games Project Legions & Legends and NFTs
Exclusive content from all Azra Games, including Legions & Legends
Valuable in-game items at no cost
Access to Private Discord, Sneak Peeks, and Epic Drops
Early demos and other perks.
Mark Otero on The Hopeful
“Our collection’s name The Hopeful reflects both that promise and the spirit. The graphic novel art style is a tribute to the golden age of comics where Azra’s Paul Martin, a former Marvel comic artist, led the finalizing style. We are excited to partner with Magic Eden to bring our mint to all the crypto hopefuls.”
Azra Games aims to develop rich and captivating game worlds with a unique in-game economy and digital collectibles, utilizing Web3 technology like NFTs that rely on the blockchain to verify distinct digital assets. The company plans to utilize the seed funding to expedite the creation of its inaugural game, an exciting, mythical RPG that features collectibles and large-scale combat.
More About the Game
The characters in the Hopeful collection are members of the Genesis Merchant Company, the adventurous miners, traders, explorers, and scrappers who discovered the Corvus Galaxy featured in Legions & Legends. Those who own this genesis collection will have the first chance to beta test the game.
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