Blockchain-based game developer Blockade Games has raised $5 million in a funding round at a $23 million valuation, the company announced on Wednesday.
- The investment round was led by Hong Kong’s Animoca Brands, a regular fixture in most metaverse funding rounds these days. Animoca Brands also announced on Wednesday that it led a $18 million Series A round for play-to-earn (P2E) company Avocado Guild.
- Blockade has also attracted investment from notable investors such as Mike Dudas, as part of 6th Man Ventures, Meltem Demirors via her personal investment firm Shiny Pony, and Christine Moy, whose day job is overseeing blockchain development at JPMorgan.
- Blockade develops an open source developer platform as well as games like flagship franchise Neon District.
- “We are pleased to be leading this investment round into Blockade Games,” Animoca Brands CEO Robby Young said in a statement. “The team are amongst the most experienced veterans of the blockchain games industry, and they really understand the power of bringing tokenomics to games.”