Published on: 28/06/2022
Ring Games raises $5 million in funding for debut P2E game Stella Fantasy
Blockchain gaming makes use of a decentralized, shared information network to create games that include items, currency, and in-game collectibles on the same blockchain, giving players a variety of advantages. As a result, what distinguishes a blockchain game from World of Warcraft, Fortnite or Call of Duty is how it incorporates various aspects of blockchain technology, such as cryptocurrency and NFTs, to enhance the gaming experience.
Ring Games strives to continually improve gaming performance for its customers. This game developer is currently working on an anime-themed blockchain game featuring NFT collectible characters. Animoca Brands and Planetarium led a $5 million global funding round for the company to achieve this goal.
However, they are not the only ones interested; DeFiance Capital, Play Ventures, Double Peak, DWeb3 Capital, GuildFi, Avocado DAO and PathDAO are among the venture capital firms and guilds that have invested in the round.
Ring Games, based in South Korea, was founded in 2019 by the former creators of the game “King’s Raid”, which has more than 10 million installs in 150 countries. The team is attempting to attain the same success with their upcoming ambitious project, Stella Fantasy, a new P2E game featuring anime-style NFT collectible characters.
About Stella Fantasy
Stella Fantasy is an anime-themed Unreal Engine game with full-3D Bishoujo characters. It is a fantasy-themed NFT RPG that combines live-action gameplay, NFT collectibles, and a cryptocurrency reward points layer to engage anime fans worldwide.
It will feature private lands where players can “earn passive income,” as well as the ability to craft and trade NFT items. In terms of the plot, players must work together to explore Abyss Rifts, which are dimensional gates formed when the energy source of all life forms, mana, flows.
According to the announcement, players will also be able to create their own multiverse. Furthermore, it strives for high-quality graphics, a real-time framework, uniqueness, and the primary goal of providing an enjoyable gaming experience.
“Stella Fantasy’s high-quality visuals, real-time approach, originality, and the core concept of delivering enjoyable gameplay compelled us to support this ambitious project,” said Yat Siu, executive chairman and co-founder of Hong Kong-based game software company Animoca Brands.
Animoca Brands is a well-known dominant player in the GameFi and blockchain sectors, having invested $1.5 billion in 340 crypto and blockchain gaming companies to lead the creation of the future attainable metaverse environment.
GuildFi, the interconnected Web3 game ecosystem, is particularly interested in Stella Fantasy. They had made a Stella Fantasy investment by purchasing $SFTY governance tokens. GuildFi has made a $500,000 investment to show their confidence in the game and the experienced team behind it.
In Stella Fantasy, players can explore the worlds of fantasy and science fiction with their friends and thrive in exciting adventures like Abyss Rift, a completely random Dungeon where players can investigate, search, and farm for the various rewards required for character and equipment growth. Characters and main equipment are designed to be crafted and traded as NFTs, allowing players to enjoy the fun of character collection RPG and PTE games.
The game is nearly complete and will be available in late August this year. It will launch its marketing campaign in the coming months with the release of a gameplay trailer and whitelist activities. The Planetarium, which also supports the Nine Chronicles blockchain, will aid in the game’s global launch.