Co-founder of Rockstar Games and one of the masterminds behind popular titles like “Grand Theft Auto”, Dan Houser participated in a $13.2 million funding round for blockchain game studio Revolving Games. Houser will work as an advisor to the company after his investment.
According to a report by GamesBeat, the blockchain game studio has raised over $25 million since 2020. The company was founded by Saad Zaeem, Ammar Zaeem, and Shayan Zaeem, three industry-experienced brothers.
When it was founded, Revolving Games focused on mobile games, but they changed focus last year when they saw the potential for Web3 and NFT games to revolutionize the industry. Saad Zaeem has been friends with Dan Houser for a few years, according to the report.
In addition to the co-founder of Rockstar Games, Revolving Games’ latest funding rounds have been led by major industry players in crypto, blockchain gaming, and Web3. This includes Dapper Labs, Pantera Capital, Animoca Brands, Polygon, Kenetic and others as seen in the image below.
Since its inception, Revolving Games has grown from a small startup to a company with over 100 employees worldwide. Their goals are to create decentralized gaming experiences for gaming communities looking to earn rewards while having fun.
Company co-founder Ammar Zaeem said the following about the Web2 and Web3 models:
This whole concept of Web3 works very well. We’re not convinced you can upgrade anything [from Web3] in Web2.
A Bright Future for Blockchain Game Studios?
Over the next few years, Revolving Games will use the funds to develop its own titles and titles with well-known franchises. As of this writing, the blockchain game studio is working on a game inspired by the Battlestar Galactica universe and a second game called Skyborne Legacy, an Animal Crossing meets The Legend of Zelda experience.
The company operates with the aim of gaining traction in a highly competitive industry and becoming a relevant player in today’s gaming industry. Zaeem believes this industry is migrating from corporate-owned ecosystems to others where stakeholders and communities have a voice and power to direct the future of the project.
In this sense, Revolving Games aims to become a major blockchain game studio, if the support they have received from Dan Hauser and others is any indication, the company seems to be on the right track. Zaem said:
Our vision is clear: to create triple-A quality games that turn heads among the top launches on top gaming forums like Gamescom and E3 (…). Revolving Games will be at the forefront of this evolution while continuing to release titles that rival the best in the traditional video game industry. We are building the future of gaming and gameplay.
Addressing Gamer Animosity Towards Blockchain Games
Zaeem also talked about his communication strategy and why that was key in conveying his goals and mission to the gaming community. The Revolving Games co-founder believes the GamiFi model shouldn’t be separated from the idea of fun games.
In the gaming community, some gamers have been very critical of companies trying to promote this model as they believe digital assets are power-hungry and used by studios to implement a model micro-transaction. This has led to the failure of many initiatives trying to bridge the legacy with blockchain games.
However, Zaeem believes that free games faced something similar when they were first released in 2008. Today, this format is widely adopted by many gamers as products evolve. Time will tell if blockchain games will have a similar story.