Revolving Games raised $13.2m to develop AAA web3 games

The web3 game development company just closed a seed funding round led by Pantera Capital and Animoca Brands, bringing its total valuation to $25 million thus far.

Web3 gaming in metaverse concept.

The blockchain-based gaming startup intends to use the additional capital to build triple-A quality decentralized games where players have full ownership over their in-game characters and items. The term “AAA games” is used in the video gaming industry to describe high-budget, high-profile products released by leading developers.

“Our vision is clear: to build AAA quality games that turn heads amongst the best launches at the top gaming forums like Gamescom and E3!” Saad Zaeem, Co-CEO of Revolving Games, said in a statement. "As the world moves from a developer-owned ecosystem to a player-owned ecosystem, Revolving Games will be at the forefront of this evolution whilst continuing to release titles that compete with the best in the traditional video games industry. We are building the future of gaming and gameplay!"

The latest funding round was led by Pantera Capital and Animoca Brands, with participation from Polygon, Houser, Dapper Labs, Permanens Capital Partners, Kenetic, Sarmayacar, and DWeb3 Capital.

Read also: The Outer Ring MMO announces the release of its Early Access Pre-Alpha version!

“We couldn’t be more passionate about building out a true web3 ecosystem of exciting, unique gaming experiences, and we see that reflected in the work being created here,” Animoca Brands co-founder Yat Siu said in a statement.