Quick take:
- Digital Hearts Holdings and Gree Ventures co-led the round.
- According to a press release on Wednesday, PARAVOX is currently in Global Open Alpha and has gained significant traction, with over 100,000 downloads on the Epic Games Store.
- The PARAVOX Global Rapid Tournament (PGRT) the company’s first major esports event held earlier this year featured a prize pool of 100 million yen, the release said.
81RAVENS has raised $4.5 million in a funding round co-led by Digital Hearts Holdings and Gree Ventures. According to a press release shared with NFTgators, the fundraising will be used to accelerate the development and marketing of its first blockchain game, ahead of launch on Solana.
81RAVENS is building a 3v3 free-to-play shooter game dubbed PARAVOX, described as a highspeed PC game where “lightning-fast reflexes and strategic prowess are the keys to victory.”
PARAVOX is currently in Global Open Alpha and has gained significant traction, with over 100,000 downloads on the Epic Games Store, the company said in a statement.
Earlier in the year, PARAVOX’s first major esports event, PARAVOX Global Rapid Tournament (PGRT) featuring a prize pool of 100 million yen attracted over half a million viewers, with 23 esports teams participating, the company said.
PARAVOX, 81RAVENS’ inaugural title has already attracted 100,000 downloads on the Epic Games Store following its Private Alpha launch in Japan and Southeast Asia.
Commenting on the announcement, Shimpei Yoshimura, CEO & Co-Founder of 81RAVENS said in a statement: “Our goal is to expand the esports market to 10 trillion yen by addressing the current imbalance between publishers and communities. While we may appear to be a game studio, our true identity as a platform is our unique insight, enabling us to connect all aspects of esports through tokens and accurately measure each title’s market size.”
Digital Hearts Holdings President and CEO Toshiya Tsukushi commented: “As an independent game developer and Esports venture, we believe 81 RAVENS can bring a breath of fresh air to the game industry with this very unique and exciting 3vs3 shooter PARAVOX and its blockchain business model.”
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