May 8, 2024
Seeds Labs, a developer specializing in high-quality games and infrastructure for the Web3 space, announced today the successful closing of a $12 million seed funding round.
The funding round was supported by a distinguished group of investors, including Avalanche's Blizzard Fund, Solana Foundation, Krust, Hashkey Capital, UOB Ventures, Signum Capital, IVC, and Emoote. This investment demonstrates significant confidence in Seeds Labs' vision and its flagship product, Bladerite.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Seeds Labs | May 8, 2024 | $12M | Seed | $12M | Blizzard Fund | Web3 |
About Seeds Labs
Founded in 2021, Seeds Labs boasts a team with an average of over 15 years of experience in the gaming industry. The company is committed to pioneering innovative game business models that foster a more equitable and transparent economic system. Seeds Labs prioritizes ensuring sustainable developer revenue streams that support ongoing investment in high-quality game development, while minimizing financial pressure on players. This approach aims to bridge the growing divide between developers and players within the gaming landscape.
Funding
The newly acquired funding empowers Seeds Labs to further develop Bladerite, a Web3 melee battle royale game with a robust in-game asset marketplace. This strategic integration aims to establish a stable and sustainable open economic system within Bladerite. Players can expect an exceptional gaming experience while retaining ownership of their in-game assets.
The Game
Bladerite's beta version, launched earlier this year, has garnered significant traction, attracting over 100,000 users globally. The game offers a compelling combination of fair and competitive modes, coupled with diverse strategic options. Bladerite emphasizes the inherent connection between a player's skill and their in-game assets.
The game's design and sustainable economic model have fostered successful collaborations with prominent partners, including a recent small-scale tournament co-hosted by the world-renowned esports team G2. This collaborative event drew over 110,000 viewers.
Summary
This funding round strengthens Bladerite's commitment to reducing entry barriers for Web2 players and cultivating a thriving player-centric community. By prioritizing exceptional gaming experiences and fostering user engagement, Bladerite aspires to be more than just a game; it aims to cultivate a vibrant ecosystem where every player's voice contributes to shaping the future of the game.
About The Seeds Labs
Founded in 2021, Seeds Labs focuses on developing high-quality games and game infrastructure. Seeds Labs aims to create a fair and transparent economic system for games, ensuring developers can continue investing in high-quality game development without placing significant pressure on players. This approach seeks to improve the relationship between players and developers, which has been strained in recent years.
Website: https://theseeds.io/
Twitter Account: https://twitter.com/blade_rite
Twitter Followers today: 44,268
Twitter Followers 30 days ago: 33,245
Twitter Follower change: 11,023 (+33%)
Investor Profile
Investor: Blizzard Fund
Description: Blizzard Fund is a prominent investment firm specializing in early-stage infrastructure projects. They support innovative teams and groundbreaking technologies in the blockchain space.
Location: United States
Website: https://www.blizzard.fund/
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