Gunzilla Games Bags $46M For New Platform with In-Game Item Trading Using NFT Technology

The studio is developing a new platform called "GunZ" to give gamers complete control over their in-game assets.

Aug 12, 2022
by Anvi Saini
Gunzilla Games Bags $46M For New Platform with In-Game Item Trading Using NFT Technology
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Gunzilla Games recently announced that its latest funding round, which was led by Republic Capital, raised a total of $46 million.

Griffin Gaming Partners, Animoca Brands, Jump Crypto, Raptor Group, CoinFund, Shima Capital, Dominance Ventures, GSR, Kucoin Labs, Spartan Investment Group, AlphaCrypto Capital, Blizzard, Digital Strategies, Morningstar Ventures, Gamegroove Capital, NGG, and Huobi Group are also major participants and will help maintain the technical infrastructure of the project. Co-founder of Twitch Justin Kan is a well-known angel investor and advisor.

With the additional resources, the studio will be able to develop GunZ, a brand-new platform that gives players total control over their in-game possessions.

Gunzilla Games to enhance its game mechanics

The AAA Battle Royale 2.0 third-person shooter "Off The Grid" (OTG), developed by the studio's Chief Visionary Officer and Oscar nominee Neill Blomkamp, will be built on the GunZ platform. It is the studio's first game to support "in-game item trading," which it describes as one of the game's unique mechanics.

Players in OTG will be able to purchase brand-new in-game items from other players who have amassed them through gameplay or from one another. Trading will take place on a private blockchain-based marketplace or on any external market that accepts NFT.

Vlad Korolev, CEO and Co-Founder of Gunzilla said,

“In today’s free-to-play games, if you pay for something, it isn’t yours. You do not, and cannot, own anything. Anyone can read the EULA of any game to verify this. If you’re banned, for example, any item can be taken away from you, even if your ban is accidental. When you stop playing any free-to-play game, the money you’ve put in also disappears. We are re-inventing the system, putting the power back in the hands of gamers, and using blockchain technology to make this happen. With OTG and GunZ, we are creating a universe that will set a new standard for the industry,”

Gunzilla says it will not sell NFTs to its gaming community directly, nor will it hide progression or other game features behind a monetized paywall. Gunzilla believes that by incorporating NFT technology into in-game item trading, the GunZ platform has the potential to alter the core gaming experience for players.

However, trading is entirely optional, so players can skip it entirely and still enjoy the OTG game for free. Players will also have the ability to remove their items from the game. As the OTG universe expands, players will discover new items every time they play. Unique characters created by players, custom weapons, clothing items, and accessories will be among the in-game items that players can trade.

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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