Blockade Games Secures $5M in Capital at $23M Valuation

Blockade Games, the blockchain video game studio, has announced that it has finalized its $5 million seed extension at a $23 million valuation that is being co-led by Animoca Brands and Digital.

Other investors reportedly include Drew Austin from Redbeard Ventures, Flamingo DAO, Galaxy Interactive, Roham Gharegozlou from Dapper Labs, Keith Grossman from TIME and Meltem Demirors from Coinshares.

Additionally, the raise includes “a recommitment from Blockade’s early investors including Xsquared Ventures and Polygon.”

CEO and Co-founder of Blockade Games, Marguerite deCourcelle stated:

“We’re thrilled by the support of so many investors and fellow entrepreneurs who believe in our mission of making NFTs more accessible to the masses.”

CTO and Co-founder of Blockade Games, Ben Heidorn remarked:

“NFTs provide immense possibilities for game developers to engage with their community. We’re excited to ramp up our efforts to explore creative new ways for players to immerse and express themselves.”

The financing will contribute to the expansion of the company “through hiring, game development, partnerships, and marketing efforts focused on community engagement and user growth.”

Robby Yung from Animoca Brands 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 from 6th Man Ventures added:

“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 year.”

Mark Daniel from Digital said:

“Blockade Games has taken a long-term, methodical approach to designing Neon District, which is exceedingly rare in today’s market. That thoughtfulness has laid a foundation that can support millions of players, and we couldn’t be more excited to partner with Marguerite and the team on that journey.”

Alex Amsel, aka Sillytuna, of Soulcast, shared:

”I’m excited to see Blockade continue to innovate in the realm of nfts and cyberpunk gaming, bringing their blend of creativity and new technology to new audiences.”

To date, Blockade Games 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,” the announcement revealed.

As mentioned in the update, Blockade Games is a blockchain video game development studio and parent firm of Neon District, Plasma Bears, and Pineapple Arcade.

Established in 2018 by Marguerite deCourcelle, also known as Coin Artist, Diego Rodriguez and Ben Heidorn, Blockade Games is “one of the earliest metaverse companies to market.”

The company is focused on developing blockchain layer two infrastructure and gaming applications, in particular, their flagship game, Neon District which is “a free-to-play, play to earn cyberpunk role-playing game featuring collectible NFTs on Polygon and Ethereum.”

As noted in the announcement, Animoca Brands is focused on digital entertainment, blockchain, and gamification. It develops and publishes a portfolio of products such as the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Formula 1, Marvel, WWE, Power Rangers, MotoGP, and Doraemon.

The firm has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Bondly, and Lympo. Animoca Brands maintains a growing portfolio of over 100 investments in NFT-related firms and decentralized initiatives that are “contributing to building the open metaverse, including Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Bitski, Harmony, Alien Worlds, Star Atlas, and others.”

As noted in the update, Digital is an investment platform founded by Mark Daniel, Benjamin Milstein, and Steve Cohen “focused on investing across the Metaverse, from NFT projects to blockchain infrastructure.”

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