Polygon-based Blast Royale (BLST) completes seed funding with $5M raised


Vladislav Sopova

Play-to-earn innovator First Light Games shares details of the latest round of funding for its flagship product, Blast Royale (BLST)

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Blast Royale Raises $5 Million, Animoca Brands and Mechanism Capital Lead the RoundGlobal launch planned for Q3, 2022

Based on the fastest EVM-compatible blockchain, Polygon (MATIC), Blast Royale (BLST) – an NFT-focused GameFi from First Light Games – has just completed another round of funding.

Blast Royale Raises $5 Million, Animoca Brands and Mechanism Capital Lead the Round

According to the official announcement shared by the team of Blast Royale (BLST) on-chain gamethe seed capital round has been successfully completed.

Image by First Light games

A total of $5 million is secured from a group of high profile venture capitalists including Dragonfly Capital, DeFiance Capital, Play Ventures Future Fund, Double Peak, Polygon, C² Ventures, Morningstar Ventures, DWeb3, Merit Circle, Ancient 8 and AvocadoDAO.

The venture capital investments Animoca Brands and Mechanism Capital led the round. The round also saw contributions from renowned angel investors Santiago R Santos and Nick Chong.

Neil McFarland, CEO of First Light Games, is confident that its fresh money flagship products are poised to reach all the milestones specified in the roadmap:

We are delighted to have such strong support from some of the most influential investors in blockchain gaming. All our partners share our vision to make Blast Royale one of the best gaming titles, provide engaging, fun gameplay and create a battle royale game fit for the Web3 generation.

The next phase of Blast Royale’s development will include technical upgrades, community expansion, and a new massive recruiting campaign targeting top professionals in Web3 and crypto.

Global launch planned for Q3, 2022

Yat Siu, the executive chairman and co-founder of Animoca Brands, is excited about his team’s entry into the latest Blast Royale round:

We are very impressed with the high quality gameplay in Blast Royale. Given the progress to date and the strong pedigree of several iconic hit games from the First Light Games team, we believe that Blast Royale will be an engaging and immersive metaverse entry for a new generation of gamers.

By the end of the second quarter of 2022, the platform will unveil its testnet: users can equip their characters with NFTs and participate in battle royales, where they can earn “Craft Spice” to improve their equipment.

The economy of the game is based on a dual token design with Blast (BLST) as the primary token and Craft Spice (CS) as an in-game play-and-earn token from the Blast Royale Metaverse.

As such, the protocol is firing on all cylinders towards the mainnet launch expected by the end of the third quarter of 2022.

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