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 game companies that are trying to combine high-quality games 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 randomized NFTs that they can keep, trade, or sell. That gives players a sense of true ownership for the items that they earn in the game.
“We look at the NFT space very early on and instantly fell in love with it,” said Nicholas Kneuper, CEO of Crypto Raiders, in an interview with GamesBeat. “After watching a lot of other projects come out with these really cool ideas, we thought there was a huge opportunity in the NFT gaming space to create just a really fun RPG game. Like a Runescape style or a World of Warcraft style game.”
He added, “We just think the use case for NFTs is so strong with all the items you get in games and the assets that you own as you’re playing the game. And so we launched it in June of last year. And we’ve just been quietly in stealth mode, shipping new content, new updates, new dungeons, all sorts of new features to the game like player-versus-player (PvP).”
About four months ago, interest starting picking up in the game, as people noticed how much content the team was building, said Kneuper. The game has thousands of players now, with no real spending on user acquisition. That traction enabled the company to raise its money.
“It’s going to allow us to really
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