All posts tagged: Gunzilla

Gunzilla Games raises M to support Off the Grid development

Gunzilla Games raises $30M to support Off the Grid development

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  Gunzilla Games announced today that it has raised $30 million in combined funding to help support the development of its upcoming cyberpunk battle royale third-person shooter Off the Grid. It’s also funding the development of Gunz, the studio’s blockchain-based digital economy platform which offers full ownership of assets and an NFT marketplace. CoinFund and Avalanche’s Blizzard Fund co-led the strategic token round, which provided $10 million in funding. Off the Grid is planned for release on PC, PlayStation and Xbox, and Gunzilla plans for it to have 60 hours worth of story across several seasons. It also offers asset ownership and a player-driven in-game economy. In addition to CoinFund and Blizzard fund, Republic Capital and Morningstar Ventures participated in the token round. Other parts of the funding came from “previously unreported equity and validator sales,” according to Gunzilla. Evan Feng, CoinFund’s partner and director of research, said of Coinfund’s investment, “We are …