London-based blockchain game developer First Light Games completes $5 million token sale funding round

First Light Games has successfully concluded a $5 million private token sale round led by Animoca Brands and Mechanism Capital to develop its Play-to-Earn mobile game, Blast Royale.

In an announcement today, London-based game development company First Light Games has successfully completed a $5 million private token sale in an effort to boost development and adoption of its game. blockchain-based mobile, Blast Royale. The private token sale was led by top investors in the space, including Mechanism Capital and Animoca Brands, a blockchain company that has already invested in over 150 NFT-related companies over the past year.

Funds raised will be used to continue to grow the game, attract top talent, and grow the game’s community. Additionally, funds will be used to create new in-game features including tournaments and high-stakes Blast Royales, which are expected to launch later this year as First Light Games plans to move into esports.

The private sale also welcomed participation from other major crypto investment firms and angel investors, including Dragonfly Capital, DeFiance Capital, Play Ventures Future Fund, Double Peak, Polygon, C² Ventures, Morningstar Ventures, DWeb3, Merit Circle, Ancient 8 and AvocadoDAO. Nick Chong and Santiago R Santos were the notable angel investors in the round.

The presence of prominent and influential crypto investors in the company lays the foundation for a successful GameFi ecosystem on Blast Royale, shared Neil McFarland, CEO of First Light Games. With a shared vision, the investors aim to make “Blast Royale one of the best gaming titles (in the blockchain space)” and provide players with “engaging and fun gameplay that makes Battle Royale gaming suitable for the Web3 generation,” added Neil. .

Developed in 2021, during the NFT and GameFi boom, Blast Royale offers users a platform to fight in a survival royale match. Gameplay involves 30 players entering the battle grounds in a “last standing” competition to earn various rewards. Players battle and use their rewards to build their characters using NFT items earned or collected in-game. Players’ meta-inventory influences the quality of items carried in a match and the usefulness of their character.

Blast Royale uses two native tokens, Blast ($BLST), the main token, and Craft Spice ($CS), the Blast Royale metaverse game and in-game earning token. The $CS token offers players a wide range of in-game utilities, including purchasing upgrade gear for your character or repairing damaged gear. Players earn $CS tokens when playing the battle royale matches based on their performance, time invested, and overall effort. The $BLST token is the primary token in the Blast Royale marketplace where users can purchase NFTs.

Having invested in over 150 gaming and NFT-related startups, Animoca Brands Executive Chairman and Co-Founder Yat Siu believes Blast Royale will transform the GameFi industry with its “high gameplay quality”.

“Given the progress made so far and the First Light Games team’s strong pedigree of several iconic hit games, we believe Blast Royale will be an engaging and compelling metaverse entry for a new generation of gamers,” said commented Siu.

In a similar breath, Mechanism Capital Director Eva Wu reaffirmed the company’s goals of investing in the growing crypto gaming industry.

“When a space like crypto gaming is in its infancy, supporting strong thinkers who are shaping the evolution of the space is extremely important,” Eva Wu said in an interview. “We are delighted to work with the team [Blast Royale] to address what a game-to-win world might look like.

At the end of Q2 2022, the Blast Royale development team plans to launch a testnet for the game, which if successful will usher in the game’s global launch in Q3. Finally, the team also added a layer of competitive metaplay to the in-game gear, giving players strategic power over the optimal loadout to bring into battle.