Crypto Raiders raises $6M for play-to-own RPG with NFTs

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Crypto Raiders has raised $6 million in funding for its “play to own” role-playing game (RPG) with non-fungible tokens (NFTs).

The company is one of many blockchain gaming companies trying to combine high-quality gaming with non-fungible tokens (NFTs), which use the blockchain to authenticate unique digital items.

The Los Angeles company is making a dungeon crawler RPG with a retro art style. The game rewards players with random NFTs that they can keep, trade, or sell. That gives players a real sense of ownership of the items they earn in the game.

“We looked at the NFT space from the very beginning and instantly fell in love with it,” said Nicholas Kneuper, CEO of Crypto Raiders, in an interview with GamesBeat. “After seeing so many other projects come up with these really cool ideas, we thought there was a huge opportunity in the NFT gaming space to create a really fun RPG. Like a Runescape style or a World of Warcraft style game.”

He added: “We just think the use case for NFTs is very strong with all the items you get in games and the assets you own while you play. And so we launched it in June of last year. And we’ve been quietly on stealth, shipping out new content, new updates, new dungeons, all kinds of new features to the game, like PvP.”

About four months ago, interest started to rise in the game, as people noticed how much content the team was creating, Kneuper said. The game has thousands of players now, without any real spending on user acquisition. That traction allowed the company to raise its money.

“It’s going to allow us to really scale the team and continue to build this amazing game,” he said.

Investment

A Halloween look for Crypto Raiders.

DeFiance Capital and Delphi Digital led the round with participation from GuildFi, Merit Circle, Three Arrows Capital, Yield Guild Games and others.

Crypto Raiders is creating a more accessible NFT market through an ever-changing and interactive gaming landscape. Based on transparency, Crypto Raiders is creating a committed community of gamers unified by trust, collaboration, and ultimately the blockchain. The team still considers their game to be in alpha testing, with only thousands of players.

NFT games have been a hot spot for hardcore gamers in the West and for some developers as well. They worry about scams, junk games, environmental damage from blockchain computing, and pyramid schemes. But Kneuper said people in the community are already playing and enjoying it.

And his game is attracting younger people who obviously don’t mind experimenting. The game’s Discord channel has over 20,000 members. The development team has 22 people.

“There are a lot of gamers out there who don’t like to get into NFT games. And I think it’s for a variety of reasons. I think some of them think that games are not that interesting, right? Or maybe not so funny. I think a lot of people are also worried about how you have to spend $500 to be able to play. That’s kind of ridiculous,” Kneuper said. “Our number one focus is to make the game very accessible to all players.”

Retro style

Crypto Raiders is an NFT dungeon crawler.

The classic retro style aims to appeal to gamers of all generations. The company hopes its network of dangerous dungeons and mobs will keep players coming back.

Enemies in games are called “mobs”. And if a mob kills a “crypto invader,” players stand to lose or gain loot, co-founder David Titarenco said in an interview. The mob that kills a mugger gets a certain percentage of the loot.

The game has PvP tournaments that occur daily. Players level up their characters and eventually sell them for a profit, Kneuper said. If players tire of a character or weapon, they can sell it to a merchant and get some of their investment back.

Right now the team is porting the game from a web browser to Unity. And they will issue a series of updates that will come out in the next three or four months. There will be more complex battles and player versus environment combat. After it comes out, the company could do more marketing for the game.

Right now the team is porting the game from a web browser to Unity. And they will issue a series of updates that will come out in the next three or four months. There will be more complex battles and player versus environment combat. After it comes out, the company could do more marketing for the game.

Over time, the company hopes to target iOS and Android, once those platforms figure out what they’re doing with blockchain gaming. The company also hopes to be published on the Epic Games Store.

“Epic Games has been very welcoming to blockchain games,” he said.

Over time, the company hopes to target iOS and Android, once those platforms figure out what they’re doing with blockchain gaming. The company also hopes to be published on the Epic Games Store.

“Epic Games has been very welcoming to blockchain games,” he said.

Kneuper, Titarenco, and Matt Powell co-founded Crypto Raiders because they saw a gap in the global NFT market. The trio didn’t find an NFT game they wanted to play, but they understood the ability of games to provide easy access to the NFT market. So they decided to build their own game. The capital will allow Crypto Raiders to expand the development of the game’s art, music and storytelling teams to create a better player experience.

“Community-driven native crypto games are few and far between. However, we believe that the team behind Crypto Raiders has pioneered a different approach to blockchain gaming – one with the hearts and minds of the community first,” said Arthur Cheong, founding partner of DeFiance Capital. , it’s a statement. “DeFiance Capital is thrilled to be able to support Crypto Raiders on their journey to become a full-fledged game of their own based on Polygon.”

Merging worlds and finding the right fans

Crypto Raiders have special events.

Created to merge the worlds of gaming and cryptocurrency, Crypto Raiders makes NFTs accessible to everyone. Their “play to own” model makes it possible for players to truly own their game.

“Delphi Ventures is pleased to announce an investment in Crypto Raiders. Crypto Raiders has taken an innovative path in building a Web3 dungeon crawler and role-playing experience that players truly enjoy while also giving them avenues to ‘play to own’. Along the way, they managed to build a loyal community,” said Ryan Foo of Delphi Ventures. “They have also successfully integrated various DeFi and NFT primitives, and continue to ship at a breakneck pace. We’re excited to be able to support them on this journey, and we can’t wait to send our Raiders into increasingly challenging tournaments, raids, and battles.”

Players have the ability to purchase characters and mobs, participate in quests, team up in a virtual universe, all while discovering the NFTs they later own. Crypto Raiders is built on the Polygon blockchain, and all NFT loot is random, ensuring that the value of all discovered loot is also random.

As Gala Games’ John Osvald pointed out, many blockchain games can become profitable on a smaller player base than free-to-play games due to the high interest in owning NFTs. Players pay for them and that helps a game become profitable faster as 98% of players in free games pay nothing. And therefore free games need a base of millions and millions of players to be sustainable.

Games like Axie Infinity are the big hits in space, but even that Sky Mavis game only has around 1.8 million daily players.

“The players that we currently have are early adopters, and they are really excited about what the game can become,” said Kneuper. “And we are confident that with this investment deal and the new features that will be added to the game shortly, we will see really explosive growth. But you’re right. It’s not a typical game where a lot of money is spent on user acquisition spending.

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