Blockade Games, a NYC-based blockchain video game studio, closed a $5m seed extension round at a $23 million valuation.
The round was co-led by Animoca Brands and Digital with participation from Drew Austin from Redbeard Ventures, Flamingo DAO, Galaxy Interactive, Roham Gharegozlou from Dapper Labs, Keith Grossman from TIME and Meltem Demirors from Coinshares. The raise also includes a recommitment from Blockade’s early investors including Xsquared Ventures and Polygon.
The company intends to use the funds for hiring, game development, partnerships, and marketing efforts focused on community engagement and user growth.
Founded in 2018 by Marguerite deCourcelle, also known as Coin Artist, Diego Rodriguez and Ben Heidorn, Blockade Games is a blockchain video game development studio and parent company of Neon District, Plasma Bears, and Pineapple Arcade.
It is developing blockchain layer two infrastructure and gaming applications, in particular, our flagship game, Neon District which is a free-to-play, play to earn cyberpunk role-playing game featuring collectible NFTs on Polygon and Ethereum. Blockade Games currently has a user base of 100,000 and has created 11K+ new users in the past month. The game has 177K+ unique asset owners and 2.1M+ Season 1 NFTs have been minted.