San Francisco-based Revolving Games successfully completed a $25 million seed round. The platform raised over $13.2 million from Pantera Capital, Animoca Brands, Polygon, and Rockstar Games co-founder Dan Houser.
Revolving Games will use the funding over the next two years to help scale existing recognized franchises and develop original IP, and AAA quality games. The Web3 game publisher has already spent over $12 million in the last two and a half years to develop publishing tools that enable Web3 games to launch faster and more efficiently.
Ammar and Saad Zaeem, the co-CEOs of Revolving Games, said the gaming industry has largely flipped from what was successful in Web2 free-to-play to gated access requirements such as pay-walls and subscriptions. They believe that players should first invest their time, deciding whether or not the company has provided the experience users are looking for, before committing their money to support the games. Ammar and Saad Zaeem outlined that conversion strategies should look to build on what has worked for over a decade in Web2. They should also focus on building seriously fun and lasting gameplay.
Revolving Games plans to reveal details for Skyborne Legacy, a role-playing game (RPG) to be developed on the Polygon network in the fall.