Revolving Games raised $13.2 million in extra capital to help make double-a-distance blockchain games. The team is led by three Pakistani game veterans, Saad, Ammar and Shayan Zaeem, and its advisers include Dan Houser, cofounder of Rockstar Games.
It sparked a market share of $25 million in 2.5 years. All the money came from Animoca Brands, Polygon, Houser, Dapper Labs, Permanens Capital Partners, Kenetic, Sarmayacar and DWeb3 Capital.
It’s another sign of a battle between game developers and how the industry is moving towards the shiny new thing: using blockchain technology to authenticate unique digital items, make player ownership, and allow players to return to decentralized games. Of course some hardcore gamers may be horrified to learn that Houser, the creator of high-end films like Grand Theft Auto V, has been supportive of the blockchain gaming company. Houser is among a number of veterans who go the same route.
Saad Zaeem met Houser a couple of years ago, and they started looking for ideas together. But they ended up doing a different job. So Houser turned instead into a consultant.
Dan is an industry legend, said Saad Zaeem.
We were founded in the Web2 era, said Saad Zaeem, co-CEO of Revolving Games, in an interview with GamesBeat. We created 2K mobile game. But we saw that Web3 was where we had to go, and so we did a pivot late last year.
Revolving Games will use this capital over the next two years to develop highly scalable and fully decentralized gaming experiences for international recognized franchises and its own original intellectual property. The company has already built web3 tools and other technology to make the game more easily available.
Saad, Ammar and Shayen, aged between two brothers in 2017.
We like the work we saw from Revolving Games, and are proud to help them achieve their goals, said Yat Siu, cofounder of Animoca Brands. We can’t be more passionate about creating a truly Web-3 ecosystem of exciting, unique gaming experiences, and we see that reflection of the work being created here. Were confident Revolving Games has a bright future.
The Zaeem brothers worked in gaming for decades, and they saw an irresistible opportunity to take the course of blockchain games.
Revolving Games launched in 2020 as a free-to-play game. The group of two studios and a team of 105 experts work on blockchain-based games in North America, Europe and Asia. It’s first game, which has been disclosed earlier at Galaverse, June 2022, is a Blockchain game, developed in partnership with Gala Games and NBCUniversal.
The team has around sixty people in Pakistan.
A global team helps us offload some costs and be a more efficient organisation, said Saad Zaeem. Aman and I were a business owner for over 15 years. We’re in a bad spot.
The blockchain game, aka Battle Star Galactica, will be a multiplayer 4X Strategy game. Two more details will be announced in the quarter 4th. The game has been making around eight months already.
Revolving Games is working on Skyborne Legacy.
The second game, Skyborne Legacy, is a world-class exploration and trading RPG that’ll be deployed on the polygon network. The company will publish its title by self-publishing the title.
The “It’s a game that’s inspired by Nintendo classics like Animal Crossing and Zelda, according to Ammar Zaeem, in an interview.
It’s hard to imagine a mix of Zelda and Animal Crossing. They’re called as adventuring of Zelda, or the self-expression of Animal Crossing, but also with this MMORPG social system pushed around it based on guilds player housing, cleric-run towns, and launching raids, according to Ammar Zaeem. The whole concept of Web3 plays very well. If you don’t trust in this, you can retrofit anything from Web 3 to Web2.
The team is made up of veteran software developers who worked on blockbuster games like Star Trek Timelines, Warhammer, Kim Kardashian, Harry Potter: Hogwarts Mystery, Shop Heroes, Zooba, Castle Age and many other things.
We see our vision as clear: to build a 3-A-quality gaming that leads to the best launches of the top gaming forums like Gamescom and E3, says Saad Zaeem. As the world moves from a developer-owned ecosystem to a player-owned ecosystem, Revolving Games is the current leader in this evolution, while the company continues to release the titles that compete with the best in the traditional video games industry. We are building the future of gaming and gameplay.
This game will be announced on October 4th. The game teaser, roadmap, whitepaper and details are set to be revealed in the live game demo, and the first AMA. This company is going to take advantage of Polygons blockchain technology.
The Internet is one of the fastest growing and most innovative sectors in the crypto industry. The company was proud of being an edge to this digital revolution, said Paul Veradittakit, general partner of Pantera Capital. From 2013 onward, we spent an enormous time looking for new thematic ideas and innovative projects that disrupt traditional thinking and become integral to the global blockchain ecosystem. Revolving Games are definitely not the only one who meets these criteria.
Urvit Goel, head of global games development at Polygon, said that he was thrilled to be involved in the funding round. Revolving Games mission is to build lasting and engrossing Web3 experiences that resonate with Polygons own gaming DNA. In line with our mission to allow players to truly own their assets and data, we are pleased with this opportunity to support the studios vision and goals in the long term and to assist in a new step toward a more inclusive and diverse future.
Revolving games investing.
The organization wants to build a long and exciting gaming experience and has now surrounded itself with strategic investors who will provide advice for everything from game development to marketing and brand partnerships, to create a truly immersive experience.
It’s very encouraging to see that our vision is closely resonating with some of the biggest players in the web3 space, said Zaeem. Thanks to our support and funding, we can benefit from more technology and create a more scalable, fully decentralized, gaming-focused future.
The team is made up of industry veterans who have created multiple critically and commercially successful social games that generated millions of dollars in lifetime revenue.
These are strategic investors that can take us up to where we want to go as far as our game journey, said Saad Zaeem.
Our goal is to redefine the way games should be built for Web3, said Saad Zaeem. We want to become a real-life man or woman that defines what it is truly about to be in that era and what its value is to play with the player.
It’s not just for me, it’s just another thing in the story. I invested in that much money, and I could extract this much extra money, because it’s like a limited item. That wasn’t that interested in. That’s something that wasn’t focused at all. Our goal is to ensure a lot of games under ownership.
It seems like it’s like having a game where you’ve maxed out five generals and would like to sell them to someone who doesn’t have them, Saad Zaeem said.
In regards to the crypto winter and NFT doldrums now, Saad Zaeem said the team closed the round in the spring and so it raised a war chest that will help to get through tough times. The economic environment will likely be different when the company ships its game.
That’s a question everybody is asking for, said Saad Zaeem, The blockchain hating hardcore gamers. They get so upset about him. Some developers say we’ll quit. We didn’t face any of these. Because we’re looking for a voice over why we are a blockchain-based entertainment company and based on the global community.
He said that the idea of having fun and earning in a game never have to be split paths.
Some of the games that have gone out in last years or more, I don’t think any blockchain game is beyond what you saw from Clash of Clans or whatever you saw from Game of War. If you remember, free playing was very bad, too. There are many haters in 2008 who said free to play will never work. But that’s really evolved, right?
He likes to allow a game to sell a blockchain to sell that used game, so you could buy another game. The company plans on making players onboarding cryptocurrency wallets and other tech more simple.