The Red Village Successfully Raises $6.5M in Seed Round Funding from Animoca Brands and GameFi Ventures Fund

Sydney, Australia, June 3, 2022 — The Red Village has announced the successful completion of a $6.5 million Seed Round funding from prominent funds such as Animoca Brands and GameFi Ventures Fund.

Animoca Brands specializes in investing in blockchain gaming and metaverse projects, boasting a portfolio of over 170 investments in NFT-related companies and decentralized projects that contribute to building the open metaverse world. Their investments include standout titles such as The Sandbox, a leading global phenomenon, and Phantom Galaxies, an AAA-quality open-world sci-fi shooter. With its vast network and industry expertise, Animoca Brands is poised to position The Red Village as a leading blockchain project globally.

The Red Village features two gameplay modes: the Tournament mode (currently live-streaming and playable in beta) and an expansion known as The Red Village: Darklands, being developed by Animoca Brands' subsidiary, Blowfish Studios. The newly acquired funds will be used in part to develop this expansion and enhance the overall gaming experience. The game draws inspiration from traditional titles such as RuneScape, Diablo, Skyrim, Elden Ring, and The Witcher.

Co-founder of The Red Village, Brendan Robb, commented, "Implementing blockchain will catalyze the transition of traditional gamers into the metaverse through a high-quality RPG ecosystem with engaging narratives, gameplay, and a vibrant community. Rarely do we see a project inspiring traditional gamers to step into blockchain gaming, and we believe the reason for that is the lack of exceptional gaming experiences. We aim to deliver an outstanding gaming experience through The Red Village."

Yat Siu, CEO and co-founder of Animoca Brands, described the partnership with The Red Village as indicative of future trends. He stated, "The world is awakening to the power of the metaverse, and projects are competing to make the transition from Web2 to Web3 as seamless as possible for users. Games like The Red Village offer an experience that is familiar to traditional players and lead the way as players seek games that are both enjoyable and offer earning opportunities."

In addition to Animoca Brands and GameFi Ventures Fund, several other renowned funds have also joined The Red Village's Seed Round investment. Notable participants include Kucoin Ventures, JellyC, Sfermion, Polygon Studios, Metavest, SL2 Capital, Dweb3 Capital, Spark Capital, Fund Basic Labs, OIG Capital, MEXC Global, LucidBlue Ventures, IQ Protocol, Rendezvous Equity, Paribu Ventures, CGU, DuckDAO, Pylon Labs, Prometeus Labs, Vendetta Capital, and several other prominent angel investors.

Additional information about The Red Village project reveals that it has sold out NFTs twice, raising over 1100 ETH and facilitating transactions totaling more than 3000 ETH between late 2021 and early 2022. In The Red Village Tournament mode, players have already been able to earn money, with total payouts to players reaching $500,000.

The Red Village stands as the first dark-fantasy game on blockchain, aiming to bridge the gap between traditional gamers and enthusiasts in the metaverse through deep lore, immersive storytelling, and a dynamic, tightly-knit community.

The Red Village: Darklands is currently under development by Animoca Brands' Blowfish Studios.