Revolving Games raises $13.2M to make blockchain games with ex-Rockstar cofounder Dan Houser as an adviser
Summary
The team is led by three Pakistani game veterans (and brothers) Saad, Ammar and Shayan Zaeem; and its advisers include Dan Houser, cofounder of Rockstar Games.All told, the company has raised $25 million in the past 2.5 years. The money came from Pantera Capital, Animoca Brands, Polygon, Houser, Dapper Labs, Permanens Capital Partners, Kenetic, Sarmayacar and DWeb3 Capital.Its another sign of a tug-of-war among game developers and how the industry is tilting toward the shiny new thing: using blockchain technology to authenticate unique digital items, establish player ownership and enable players to make a return on decentralized games. Of course, some hardcore gamers may be horrified to learn that Houser, one of the creators of blockbusters like Grand Theft Auto V, is endorsing a blockchain gaming company. The company will be using Polygons blockchain technology to make the game.Web3 gaming is one of the most innovative and rapidly developing sectors within the crypto industry, and were proud to be in the vanguard of this digital revolution, said Paul Veradittakit, general partner at Pantera Capital, in a statement. By the time the company ships its game, the economic environment will likely be different.As for the blockchain-hating hardcore gamers, Saad Zaeem said, Thats a question that everybodys asking.