Red Door Digital Raises $5mio

Red Door Digital Raises $5mio

Play To Earn Games | 09 May 2023 19:23 UTC

Red Door Digital Raises $5 M in a Bid to Develop AAA Rated Blockchain Games.

A dearth of high-end quality video games in the realm of blockchain games is finally getting a much-needed supply in the shape of recent investments. Singapore-based gaming studio Red Door Digital has had a successful round of funding where it raised $5 million. The investment will be used to develop top-quality blockchain games.

Gaming Studio Red Door Digital Raises $5 M For Blockchain Games
Gaming Studio Red Door Digital Raises $5 M For Blockchain Games

Red Door Digital’s team comprises developers that have experience in developing top games inside famous studios like Electronic Arts, Tencent, Epic Games, Ubisoft, and NetEase.

With help of its team and raised capital, Red Door eyes to fill the gap of game creativity in web 3 games.

All talks aside, what is a blockchain game? NFT etc? Check out the video!

[embed]
[/embed]

Previously, blockchain games came under severe criticism owing to poor gameplay which made it look less a game and more of a scam.

Red Door Digital was founded last year with services and skills in play to earn economics, NFTs, Web 3 infrastructure, DeFi infrastructure, and NFT interoperability.

Its aim is to enhance entertainment and social interaction in Web 3 by using immersive metaverse experiences.

“As game developers by background, we have always served deeply engaged communities, who play for fun and have shared social and financial incentives.

Web3 is the next, exciting extension of that dynamic, built on blockchain technologies,” said Joseph Derflinger, CEO of Red Door Digital.

As of now, the studio is working on three titles with a focus on proprietary game theory models for more engaging gameplay. One of the studio’s games Reign of Terror is scheduled to release this summer.

The game is an MMO and falls in the category of cyberpunk with a futuristic metaverse-like setting. Other Red Door games set to release in the last quarter of this year are DinoHorse Saga and Project Synth.

Gaming Studio Red Door Digital Raises $5 M For Blockchain Games - Funding
Gaming Studio Red Door Digital Raises $5 M For Blockchain Games - Funding

The investment round was led by Shima Capital, M6, Maven Capital, and Cryptology Asset Group.

As of now, the studio has a team of 40 people with its headquarters in Singapore and the development team residing in the US and Taiwan.

Gaming News Of Video Game Consultant;

Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s) , Play to Earn (P2E/Play-to-Earn), crypto games and crypto currencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain based video games and its transactions and payments in the games.

Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studio’s that lead the way. Mobile games, PC games and Console Games and their vision on cloud gaming, streaming, esports and gamer communities. Online digital entertainment like movies, music, concerts, art and top brands such as fashion and much more that connect with video games in the metaverse.

If you want to stay up-to-date of Gumi Cryptos Capital, then follow me on Google News.

Tags

web3, metaverse, nft, NFTs, gaming news, game news, games news, video game news, video games news, video gaming news, cyberpunk, blockchain technologies, Shima Capital, Cryptology Asset Group, DeFi infrastructure, DinoHorse Saga, Joseph Derflinger, M6, Maven Capital, NFT interoperability, Project Synth, Web 3 infrastructure
See All
New Social Investing App: Dyor is Simplifying Web3 Investing

New Social Investing App: Dyor is Simplifying Web3 Investing

Dyor is pioneering the development of a decentralized investment application that holds the potential to redefine the Web3 landscape and the DeFi sector, as well as reshape the management of financial resources. While DeFi and Web3 offer promising investment prospects through decentralized, peer-to-peer transactions, they also present challenges for those less familiar with the technology.In contrast to traditional financial systems, which are centralized and provide customer support, DeFi relie...

Read more
It is the Time for Web3 Gaming to Notch It Up

It is the Time for Web3 Gaming to Notch It Up

Web3 gaming is an innovative fusion of blockchain technology and gaming, poised to have a significant impact on the industry. It combines the utility of blockchain within video games, creating a new category called Web3 games. Enthusiasts believe it holds immense potential and could emerge as a major player in the gaming landscape.While Web3 gaming has garnered excitement and investment, challenges are evident. Despite its growth, daily unique active wallets remain low compared to the global gam...

Read more
SAGA’s Multiverse Summit Takes Place Aboard a Yacht, Revealing Web3 Tech to Empower Multiverse

SAGA’s Multiverse Summit Takes Place Aboard a Yacht, Revealing Web3 Tech to Empower Multiverse

At the Multiverse Summit hosted by Saga, a leading Web3 infrastructure protocol, Liao from Saga unveiled several groundbreaking innovations aimed at transforming the gaming and entertainment industries. The summit took place aboard a yacht on the Rhine River during Gamescom 2023 in Cologne, Germany, and showcased Saga's commitment to revolutionizing the gaming landscape.Key highlights from the summit included the introduction of the latest version of the Saga protocol called Pegasus. This versio...

Read more
Crypto Gaming: Earning and Investing in Virtual Economies

Crypto Gaming: Earning and Investing in Virtual Economies

The convergence of cryptocurrency and gaming has given rise to a groundbreaking phenomenon called crypto gaming, where players can earn cryptocurrency while playing games. This article explores the world of crypto gaming, focusing on legitimate opportunities, popular games, methods of earning, and the potential for investment.Legitimate opportunities in crypto gaming provide players with immersive experiences where they can own in-game assets and trade them in open marketplaces, thereby enhancin...

Read more
PlayToEarnGames.com Newsletter 11: NFTs, RPGs & More!

PlayToEarnGames.com Newsletter 11: NFTs, RPGs & More!

This week in the Web3 game industry, significant developments took place as two top game releases, NFL Rivals and Champions Arena, transitioned from beta versions to full live releases on iOS and Android app stores. NFL Rivals, which already boasts a substantial fan base, achieved over 2 million downloads. Additionally, other games like Eternal Dragons, Everseed, and Rogue Nation introduced new updates. Alpha versions of Boss Fighters and Citizen Conflict were also unveiled, offering players pas...

Read more
Play-to-Earn (P2E) Games: Where Gaming and Crypto Converge

Play-to-Earn (P2E) Games: Where Gaming and Crypto Converge

Play-to-Earn (P2E) games are a revolutionary concept within the gaming world that leverage blockchain technology to combine gaming with cryptocurrency. These games offer players the opportunity to not only enjoy immersive gameplay but also earn real value through digital assets. Unlike traditional games, where rewards are confined to the virtual realm, P2E games allow players to translate their in-game achievements into tangible rewards like cryptocurrencies and non-fungible tokens (NFTs), which...

Read more
PlayToEarnGames.com

Welcome to PlayToEarnGames.com, your daily source for the latest NFTs and Cryptocurrency News. Whether it's PlayToEarn, cryptocurrencies, wallets, blockchain technology, trends & analysis, beta releases, or other game industry insights, our team of dedicated writers is here to keep you informed. But that's not all; we know that gaming is at the heart of it all.
In our P2E games section, we provide you with the best game reviews across a variety of top genres, including Play To Earn, Web3, Crypto, NFT, Metaverse, Blockchain, and much more. Our comprehensive game reviews cover everything you need to know, from gameplay instructions and videos to in-game footage and images. We also provide links to social media platforms like Twitter, Discord, and Reddit, whitepapers for deeper insights, and, of course, where you can play the game.
So, take a moment to explore our Play-To-Earn game website, and we sincerely hope you enjoy your visit. Stay tuned for the latest updates from the gaming industry and its up-to-date insights to game developers and their game details. So check our section Video Games, Gaming News, Game Developer, Game Trailers/Game Videos, and our Event Calendar with all the mints, drops and more.