Seeds Labs, the developer of Bladerite, secures $12 million in seed funding to bolster its presence on Solana. Learn about the strategic investment and its impact on the gaming ecosystem.
Eliza Crichton-Stuart
Head of Operations
Seeds Labs, the creative minds behind the web3 game Bladerite, has hit a milestone in their journey with a significant infusion of capital. The company has announced the closure of a $12 million seed funding round. Among the backers are notable names such as Avalanche's Blizzard Fund, Solana Foundation, Krust, Hashkey Capital, UOB Ventures, Signum Capital, IVC, and Emoote.
Founded in 2021, Seeds Labs prides itself on a team steeped in over 15 years of combined experience in the gaming industry. Their flagship product, Bladerite, recently made its debut in the Apple and Google app stores, marking a significant step in the evolution of web3 gaming. Bolstered by support from the Solana Ecosystem, Bladerite promises players a globally interconnected melee battle royale experience.
Unlike traditional game developers, Seeds Labs is on a mission to redefine gaming economics, advocating for fairness, transparency, and player empowerment. By exploring innovative business models, they aim to strike a balance where developers thrive while ensuring players aren't unduly burdened financially.
The investment injection will fuel the growth of Bladerite and its associated in-game asset marketplace, laying the foundation for a robust economic ecosystem within the game. This strategic integration aims to provide players with both an immersive gaming experience and tangible ownership of in-game assets.
Despite being in its beta phase, Bladerite has already captured the attention of over 100,000 users worldwide. Its emphasis on fair competition and strategic depth has garnered praise and collaborations, including a recent tournament with esports giants G2, which drew an impressive viewership of over 110,000.
In summary, the recent funding secured by Seeds Labs marks a significant milestone in the development of Bladerite and underscores the company's commitment to innovation within the growing blockchain and crypto gaming industry.
With Bladerite already gaining traction among players worldwide, the investment will further bolster its growth and solidify its position as an exciting addition to the web3 gaming space. As Seeds Labs continues to prioritize player experience and economic fairness, the future looks promising for both Bladerite and the broader gaming community.
Bladerite is now available on multiple platforms, including Windows, Mac, iOS, and Android. Exciting updates are on the horizon for 2024, particularly the launch of the new season of Loot Mode.
The season starts with Loot Mode leaderboards, offering an exclusive experience for NFT holders. In this mode, every match's performance is tracked on the Blade NFT used. At the season's end, a prize pool awaits, determined by the performance of these Blade NFTs.Â
updated:
May 9th 2024
posted:
May 9th 2024