Gunzilla raises $46 million in funding round

Gunzilla, an autonomous AAA game studio, has raised $46 million in its latest funding round. The game studio confirmed the development in its blog post on Tuesday. The newly completed venture round will enable GunZilla to develop its new platform, GunZ. With GunZ, gamers will be able to complete ownership of their in-game possessions, thus empowering them.

The funding round was led by Republic Capital. Other participants include Griffin Gaming partners, Animoca Brands, Jump Crypto, Huobi Group, and many others. Notably, Huobi is also expected to aid the sustenance of the project’s technical infrastructure.

The imminent GunZ project tends to emerge as the foundation for Off The Grid (OTG). One of the major features of the  OTG is its “in-game item trading. This feature allows players to purchase new in-game items from other players who obtain them during the game or from each other. 

Trading between the players will be possible through an internal blockchain-based marketplace or any NFT-enabled technology marketplace. However, gamers who have no interest in trading their items can bypass the feature. This, as revealed, will not restrict them from enjoying free gaming.

Furthermore, Gunzilla promised not to sell NFTs directly to their community of gamers. Also, it pledged not to attach monetized paywall to any game features. The gaming platform believes the Gun Z platform has the necessary components to transform players’ game experience.

GunZ will enable players to withdraw their items from the game. As reported, players will also discover fresh items from the game each time they play as OTG continues to evolve. Now, the in-game items players are allowed to trade include unique characters that players create themselves, custom weapons, clothing items, and accessories.

Gunzilla funding round emerged after a teaser trailer of the studio’s new game OTG was released.  The game, AAA Battle Royale 2.0, is a third-person shooter game. The initiative was masterminded by the Chief Visionary Officer of the Studio and Oscar nominee Neill Blomkamp. Also, the gaming platform intends to unveil a Free play(F2P) next year. As designed, the F2P emphasizes a strong narrative enveloped with extraordinary gameplay mechanics.

The CEO and Co-founder of Gunzilla, Vlad Korolev, said the studio seeks to avail players with complete freedom in every operation of OTG. Korolev remarked that players retain possession of their earned items in any given circumstances. According to him, Gunzilla is revamping the system and restoring the ultimate powers to the players with the aid of blockchain. The CEO added that the studio is building a hub that will establish new standards for the industry.

Brian Johnson, a senior Director of the Republic capital, sees Gunzilla as a platform enveloped with experts in the gaming sphere. He believes Gunzilla will pioneer an innovation to integrate free-to-play reigns with crypto components. The director added that Gunzilla would provide next-generation crypto gamers with the comfort necessary to thrive in gaming.

Related

• Kurtosis raises $20 million in Series A funding round
• Ledger plans to secure $100M in funding amid crypto winter
• Incubation Quasar raises $6 million in Seed Funding