The Red Village, a play-and-earn game, has announced $6.5 million in seed funding from industry-leading investors, including Animoca Brands and the GameFi Ventures Fund, to build a dark fantasy ecosystem targeting traditional gamers.
Yat Siu, Executive Chairman, and Co-Founder of Animoca Brands said that he thinks the Red Village partnership is a sign of future projects and added;
“The world is waking up to the power of the metaverse, and projects are scrambling to make the transition from Web2 to Web3 as easy as possible for users. Games like The Red Village provide an experience that conventional gamers are familiar with, and will lead the charge as players search for gaming that is both fun and also an opportunity to play-and-earn.”
Animoca Brands and GameFi Ventures led the investment round. Continuing its investments in the industry without slowing down, Animoca Brands is one of the big names behind The Sandbox and Phantom Galaxies. The company’s extensive network and industry expertise will help position The Red Village among the top blockchain projects in the world.
Red Village Co-Founder Brendan Robb gave the following words in his statement;
“The true catalyst for the mass adoption of the blockchain will be the onboarding of traditional gamers into the metaverse through high quality, immersive ecosystems with strong lore, engaging gameplay, and lively community. 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.”