Revolving Games raises $13.2M to make blockchain games with ex-Rockstar cofounder Dan Houser as an adviser
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Revolving Games has raised $13.2 million in additional capital to make triple-A blockchain games. The team is led by three Pakistani game veterans (and brothers) Saad, Ammar and Shayan Zaeem; and its advisers include Dan Houser, cofounder of Rockstar Games.
All told, the company has raised $25 million in the past 2.5 years. The money came from Pantera Capital, Animoca Brands, Polygon, Houser, Dapper Labs, Permanens Capital Partners, Kenetic, Sarmayacar and DWeb3 Capital.
It’s another sign of a tug-of-war among game developers and how the industry is tilting toward the shiny new thing: using blockchain technology to authenticate unique digital items, establish player ownership, and enable players to make a return on decentralized games. Of course, some hardcore gamers may be horrified to learn that Houser, one of the creators of blockbusters like Grand Theft Auto V, is endorsing a blockchain gaming company. But Houser is among a sea of veterans who are going the same route.
Saad Zaeem met Houser a few years ago and they started exploring ideas together. But they wound up doing different kinds of work. So Houser became an adviser instead.
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“Dan is a legend of the industry,” Saad Zaeem said.
The brothers said they started getting FOMO around Web3, particularly after Apple changed its privacy policy and torpedoed a lot of targeted advertising for mobile games.
“We were founded in the Web2 era,” said Saad
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