- Azra Games, a blockchain gaming organization has piled up $15 Million in a seed funding round led by investment mammoth a16z.
- The capital will assist fund the initial game of Azra, a sci-fi collectibles and mass combat RPG called Project Arcanas.
- A16z made an investment in Sacramento, California-based Azra Games via its cryptocurrency fund and its latest $600 million game fund which was announced recently.
Capital Strategies
Jonathan Lai, a16z’s general partner stated that Mark Otero, CEO of Azra, is a celebrated game director who was at the vanguard of mobile F2P games with the blockbuster franchise Star Wars: Galaxy of Heroes, and the organization is exhilarated to join forces with Azra team and Mark as they apply their expertise to Web3 games in making latest type of economy design and gameplay.
Other partakers in seed funding round involves Franklin Templeton, Play Ventures, Coinbase Ventures and NFX. Azra will keep expanding its 24 person team with concentration on game development and product and brand building, said Sonny Mayugba, co-founder of Azra in an interview with a news website.
Mark Otero stated to a news website that they have a big innovation budget, which means that they really desires to revisit all the assumptions of what it collectible toy as well as a combat RPG game.
Project Arcanas
Project Arcanas is a fantasy combat arena game where users face off for power and wealth. Participants can garner NFT-based collectibles and develop legions for rewards and combat.
Otero stated during a press release that he spent a lot of time playing with his toys during his childhood. At Azra, the team focuses on recreation of joy, to re-engage imagination of adults once again with the ultimate collectible fantasy, blended in with the ultimate fast-paced mix and match combat which is accessible yet highly strategic.
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Azra has been working on the development of the game for more than 4 months, trying to make a visually luring, fun game which is also accessible for players.
Otera stated that, the organization is exploring a lot on the economy, and certainly studied all of the P2E games out there and, quite frankly, they are not satisfied with what they see.
Furthermore, he stated that they are beginning from a place where the initial thing they are going to do is really, concentrate on collection and value of the stuff folks collect within the world.
Source: https://www.thecoinrepublic.com/2022/05/20/azra-games-a-p2e-studio-bags-15m-in-a-funding-round-led-by-a16z/