Blockchain Video Game Studio Blockade Games secured $5 million in Seed extension round

Blockade Games, a New York based blockchain video game studio, has now secured a $5 million extension round at a $23 million valuation.

Blockade Games was founded by Marguerite deCourcelle in the year 2018. It is a blockchain video game development studio and parent company of Neon District, Pine Apple Arcade and Plasma Bears. It is developing blockchain layer two gaming and infra apps, in particular, a flagship game, Neon District, which is a free play, play to earn cyberpunk role-playing game featuring collectable NFTs on the Ethereum and Polygon.

The blockchain video game startup, as of now, has a user base of around 100000 and has also created 11K+ new users in the past month. The game also has 177K+ unique asset owners, and 2.1M+ Season 1 NFTs have been minted.

Robby Yung, CEO of Animoca Brands’ North American Operations, said, "We're pleased to be leading this investment round into Blockade Games. The team are amongst the most experienced veterans of the blockchain game industry, and they really understand the power of bringing tokenomics to games. We are looking forward to building the open metaverse together!"

Mike Dudas, co-founder of 6th Man Ventures, said, "The Blockade Games team is one of the most inventive groups of people in the gaming industry. In addition to pioneering free to play NFT gaming, they have introduced tens of thousands of players to blockchain-based games and layer 2 technology. They have illuminated the way for an entire class of developers and gamers while creating consistently novel, exciting and easy to understand experiences that we expect millions of people to enjoy in the coming years."

Animoca Brands and Digital led the funding round with participation from Flamingo DAO, Dapper Labs, Redbeard Ventures, and others.

The blockchain video game startup, as of now, has plans to use the new funds for hiring, partnerships, game development, and marketing efforts focused on community engagement and user growth, notes an announcement.