Red Door Digital raises $5M to build blockchain games
Blockchain games that use nonfungible tokens (NFTs) have taken a lot of heat from game developers and hardcore fans because the gameplay has been weak and it feels like a scam or aggressive monetization scheme.
Founded in 2021, Red Door Digital is one of the companies taking a high-end approach to incorporating web 3 infrastructure, play-to-earn economic models, cross-chain decentralized finance (DeFi) infrastructure, and NFT interoperability.
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Red Door Digital currently has three titles under development, leveraging its proprietary game theory models for engaging gameplay. Reign of Terror is set for release in summer 2022. The game is billed as a cyberpunk massively multiplayer online (MMO) game set in a dreamlike futuristic metaverse, with in-game characters and items available as NFTs.
Expansion packs are already in the works for Reign of Terror later in the year. Toward the end of 2022 will follow racing and battling casual game DinoHorse Saga, and the sci-med battle royale style Project Synth.
A consortium of investors participated in this seed round of funding, including M6, Shima Capital, Maven Capital, and Cryptology Asset Group. Red Door Digital’s founding team has experience from companies like EA Online, Ubisoft, Epic, Tencent, and NetEase, and even Emmy award winners.
Red Door Digital said it is well versed in ensuring the scalability and sustainability of games that are simply fun to play. The goal is to enhance entertainment and social interaction via immersive metaverse experiences, with a priority on good, creative gameplay akin to triple-A games. This includes live ops running at the global-to-local level, with local-language support.