The Red Village Secures $6.5M to Expand its Dark-Fantasy NFT Game in Partnership with Blowfish Studios
The Red Village has made a significant move in its quest to develop its dark-fantasy NFT Game by raising $6.5M to support its objective.
The Red Village (TRV) has raised a sum of $6.5M in a seed round to develop its dark-fantasy NFT game. The team announced that they have struck partnership deals with notable investors, including Animoca Brands and GameFi Ventures Fund, among others to achieve their objectives.
The TRV team will use the funds generated to cater for the development of an immersive gaming experience in its upcoming expansion while helping to onboard traditional gamers into the blockchain gaming ecosystem.
The Co-founder of The Red Village, Brendan Robb, commented:
“We have rarely seen a project that inspires traditional gamers to make the jump into blockchain gaming, and we believe the reason for that is the lack of great game experiences. We will offer a great game experience."
Now, there are two gaming modes available in The Red Village. The ‘Tournament mode’ which is in the Beta phase at the moment, and the other game mode “The Red Village: Darklands”, currently under development by Animoca Brands’s Blowfish Studios, the creator of popular NFT game Phantom Galaxies.
The Red Village game is a multiplayer fighter game where players send their champion to PvP tournaments, and winners of the battles would earn cash prizes in USD. All minted Champions are known as Purebloods.
There are four types of Purebloods Bloodlines; Genesis (R1-R3), Mystic (R4-R6), Warlord (R7-R9), and Lionheart (R10-R12). The total supply of Bloodlines in The Red Village ecosystem is 28,000.
The game is one of the successful blockchain games having sold-out 11,000 NFTs, which includes their Genesis and Mystic Bloodlines in 2021 and 2022. In addition, the team has generated over 1,100 ETH from both sales and over 3,000 ETH from secondary sales.