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- The initial multiplayer online battle arena (MOBA) based on blockchain, Revoland, has raised $10.6 Million in funding rounds.
- Chain X Game, a metaverse development organization based in London initially developed the title.
- The gaming platform joined hands with the Huawei Cloud earlier this year to launch the P2E model.
Revoland Lands A Prominent Fund
During the seed and pre-sale stages, Revoland, the very first blockchain-based multiplayer online battle arena (MOBA) game, garnered $10.6 million.
The project secured donations from 14 other seasoned virtual currency venture capital companies, including Tian Ge Interactive, LinkVC, AKG Venture, Arcanum Capital, Atlas Capital, PlayPark, Crypto Nord, MX investment, AW Capital, One Block Capital, Phemex Venture, Gene Vision, Winston International, and Yield Master, with HashKey Capital and Polygon Ventures mentioned as prime investors.
Chain X Game (CXG) is a London-based metaverse game development business dedicated to bringing the next wave of blockchain games to market. Gaming, according to the team, led by CEO Jimmy Zhao, will accelerate the use of Web3 technologies.
By using REVO, our governance token, we’ve created a place where players will have complete control over their in-game assets, participate actively in the design of the game ecosystem, support its growth, and act as its administrators, Jimmy explained.
Revoland encourages gamers to join forces with coworkers, family, and friends to compete against other players for prizes in $LAND, the platform’s native coin. The gameplay is a mix of individual talents and collaboration, with a high level of engagement due to the lack of a pause button.
As the game also has a free-to-play version, the initiative delivers a truly communal gaming experience with a high degree of inclusion. Those who want to commit and learn more about the game can use their $LAND to purchase Mystery Boxes containing characters and enhancements.
Earlier this year, the gaming service teamed with Huawei Cloud to launch a play-to-earn model in the Middle East and North Africa (MENA) area, which is expected to generate millions of employment.
SEAGM, Khalaspay, SEM9, and SiGMA are among the entire list of partners.
The support of well-known and knowledgeable crypto venture investors is a huge boost for the platform and the industry as a whole. In a weak market, the sixteen funds’ choice to add Revoland to their diversified, multi-sector portfolios reflects the project’s excellence and the sector’s potential.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
