Published on: 31/03/2022
NFT RPG Crypto Raiders secures $6 million in funding
Aspiring Non-Fungible Token (NFT) Role Playing Game (RPG) Crypto Raiders announce yesterday that they had secured $6 million in funding from DeFiance Capital and Delphi Digital. Also joining the round were GuildFi, Merit Circle, Three Arrows Capital, Yield Guild Games and others.
“Crypto Raiders is a highly-interactive dungeon crawler game built on the blockchain,” Crypto Raiders said in a press release. “Players have the ability to buy characters and mobs, go on missions, build teams in a virtual universe all while discovering NFTs they then own.
“Crypto Raiders is built on the Polygon blockchain, and all NFT loot is randomized, ensuring that the value of all discovered loot is random as well. Crypto Raiders prides itself on being a completely transparent and an equal opportunity game, built upon a community desire to bring the gaming and crypto worlds together.”
Through a highly interactive and ever-changing gaming landscape, Crypto Raiders aims to create a more accessible NFT market. The game is retro in appearance. This way, the game hopes to appeal to gamers of all generations. It also features a vast network of dungeons and dangerous mobs that are hoped to keep players keep entertained.
“We built Crypto Raiders with the RPG games we played growing up in mind. Those games are the perfect use case to bring together gaming and the blockchain,” said CEO & co-founder of Crypto Raiders, Nicholas Kneuper. “This funding allows Crypto Raiders to focus on its goal of building a top blockchain game with fast-paced launches of new features including bigger dungeons, better play modes and stronger blockchain integrations.”
Filling the gap
Founders of Crypto Raiders, Nick Kneuper, David Titarenco, and Matt Powell said they created the game because there was a gap that needed to be filled in the global NFT market. They said they could not find any NFT games that were suitable for their generation. Therefore, they decided to take matters into their own hands.
With the capital, Crypto Raiders would be able to contribute to the development of the NFT gaming world as well as expand their own game art music and narrative teams to provide a better gaming experience.
“Community-driven crypto native games are few and far between. However, we believe that the team behind Crypto Raiders have pioneered a different approach to blockchain gaming — one with the hearts and minds of the community placed first,” said Arthur Cheong, founding partner of DeFiance Capital. “DeFiance Capital is delighted to be able to support Crypto Raiders in its journey to become a full-fledged play-to-own game built on Polygon.”
The game was built using the “play-to-own” model, which allows players to really own their game.
“Delphi Ventures is pleased to announce an investment in Crypto Raiders. Crypto Raiders has taken an innovative path in building a Web3 dungeon crawler and RPG experience that players truly enjoy while also providing avenues for players to ‘play-to-own’. Along the way, they’ve managed to build out a loyal community,” said Ryan Foo from Delphi Ventures.
“They also have successfully integrated various primitives from DeFi and NFTs, and continue to ship at a breakneck pace. We are excited to be able to support them in this journey, and can’t wait to send our Raiders into increasingly challenging tournaments, raids and battles.”