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Cryptocurrency News Articles

Gunzilla Games Secures $30M Funding for 'Off the Grid' Battle Royale Shooter

Mar 27, 2024 at 08:05 am

Gunzilla Games, the studio helmed by "District 9" director Neill Blomkamp and creator of the upcoming battle royale shooter "Off the Grid," has secured $30 million in funding. Led by CoinFund and Avalanche's Blizzard Fund, the investment will fuel the game's development for PC, PlayStation 5, and Xbox Series X/S platforms. "Off the Grid" boasts 150-player battles and blockchain integration through Avalanche NFTs, with its own subnet (GUNZ) supporting the ecosystem and third-party game development.

Gunzilla Games Secures $30M Funding for 'Off the Grid' Battle Royale Shooter

Gunzilla Games Secures $30 Million for 'Off the Grid' Battle Royale Shooter

Gunzilla Games, the studio helmed by Neill Blomkamp, director of the acclaimed film "District 9," has raised $30 million in fresh funding to fuel the development and launch of its highly anticipated battle royale shooter, "Off the Grid." The strategic investment will propel the company's preparations for the game's debut on major platforms, including PC, PlayStation 5, and Xbox Series X and S.

"Off the Grid" sets itself apart with its large-scale player capacity, accommodating up to 150 combatants in each match. The game seamlessly integrates blockchain technology, allowing players to own unique game assets as Avalanche NFTs. This innovative feature is powered by GUNZ, a dedicated Avalanche subnet tailored for Gunzilla Games' ecosystem and designed to foster development by other game creators.

Vlad Korolov, CEO and co-founder of Gunzilla Games, exudes enthusiasm for the project's progress and its potential to revolutionize both the gaming and blockchain industries. "With the forthcoming launch of Off The Grid and GUNZ to the public, we are not merely advancing towards a new frontier in AAA gaming but also establishing a new standard in the blockchain space," said Korolov. He emphasizes the invaluable support from funding partners in surpassing gamers' expectations.

The recent financing round, jointly led by CoinFund and Avalanche's Blizzard Fund, represents a significant milestone for Gunzilla Games. Republic Capital and Morningstar Ventures also contributed to the capital raise, which includes a strategic $10 million token round in addition to equity and validator sales. This latest funding infusion follows a $46 million fundraising round in 2022.

Gunzilla Games remains tight-lipped about the official launch date for "Off the Grid," but anticipation for the game continues to soar. The studio's distinctive blend of large-scale multiplayer gameplay, blockchain integration, and AAA production values has captivated the attention of the gaming community. With the support of this substantial investment, Gunzilla Games is poised to deliver a groundbreaking experience that will redefine the battle royale genre and push the boundaries of innovation in gaming and blockchain technology.

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