The Red Village announced on Twitter the close of a $6.5 million seed round, led by Animoca Brands & GameFi Ventures. They will be using the funds to build out its immersive, dark-fantasy gaming ecosystem on the OxPolygon blockchain.
Other notable investors participating the seed round include KuCoin Exchange Ventures, JellyC, Sfermion, Polygon Technology Studios, Metavest Capital, SL2 Capital, DWeb3 Capital, Spark Capital, Fundamental Labs, OIG Capital, MEXC Global, LucidBlue Ventures, IQ Protocol, Rendezvous Equity, Paribu Ventures, CGU, DuckDAO, Pylon Labs, Prometeus Labs, Vendetta Capital, and several well-known angel investors.
The funds will go towards building out the play-and-earn blockchain game “The Red Village” – launching at the end of the year . They have partnered with one of the top game studios, Animoca Brands’ subsidiary Blowfish Studios, to build the game.
The Red Village will consist of two game modes. A Tournament mode, which is currently live and playable in beta. As well as an expansion of the ecosystem known as The Red Village: Darklands. Both are still currently under development but are described as similar to traditional titles such as RuneScape, Diablo, Skyrim, Elden Ring, and The Witcher.
