Blockchain Game Developer Azra Games Raises $42 Million in Series A
Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...
Azra Games has raised $42 million in a Series A funding round led by Pantera Capital to develop blockchain-based role-playing games.
According to a recent Fortune report, the Sacramento-based video game developer plans to use the funding to create a mobile-first RPG called Project Legends and later integrate blockchain technology like non-fungible tokens (NFTs) into its gaming ecosystem.
Azra Games has outlined plans to use part of the funding to recruit new talent. The company seeks to expand its global team to boost its development capabilities as it works on upcoming projects.
In addition to team expansion, the company will allocate resources to enhance its intellectual property (IP) center. This division will play a crucial role in supporting the development of new ideas and game concepts, contributing to Azra’s long-term growth.
Extraordinary games attract extraordinary investments.
We're thrilled to announce our $42.7m series A led by @PanteraCapital, with participation from @a16zcrypto, @a16zGames, and @NFX. https://t.co/4Dou0fK8Un@FranklinBi @AriannaSimpson @Tocelot @zebird0 @GigiLevy pic.twitter.com/Dq6DnSVUD0
Project Legends will prioritize mobile gameplay with the potential for later adaptation to other platforms. This approach will allow the company to tap into the growing market for mobile gaming.
Otero envisioned “4th generation” RPGs that deliver console-quality visuals and gameplay on mobile platforms, with the flexibility to later adapt these games to other systems like PC and consoles.
“The team at Azra Games has the
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