Upcoming C2E game Forgotten Runiverse sells virtual land to raise funds

余YU

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2022-04-14 04:56

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Co-developed by Bisonic and Magic Machine, with Dialectic leading the round.

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Co-developed by Bisonic and Magic Machine, with Dialectic leading the round.

This article comes fromThe Block, Original Author: Lucy Harley-McKeown

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Game developers and publishers Bisonic Inc. and Magic Machine announced Wednesday that they have completed a land token funding round. The token will appear in the upcoming massively multiplayer online role-playing game Forgotten Ruverse.Bisonic stated in a press release that

, the first land private placement was led by Dialectic, a Swiss encryption fund founded by Ryan Zurrer. Seven Seven Six (founded by Reddit co-founder Alexis Ohanian), Libertus Capital, Kenetic Capital, Placeholder, 1confirmation, Wenew Labs, No Goat Milk (Future Corp), and Twitter big V Fiskantes, Deeze, Soby, etc. participated in the investment.

Bisonic co-founder Jeldor declined to share details when asked about the size of the funding round.According to its roadmap, the game is based on Magic Machine's NFT collectible project Forgotten Runes Wizard's Cult (FRWC), which is currently under development,Land public sale to be held in June

. Tokenized plots will be available in different sizes on which landowners can build a range of buildings including custom houses, clubhouses, mines, workshops, forges, galleries and arenas.

While non-property holders can enjoy the full gaming experience, land ownership brings additional utility that differentiates Ruverse from other metaverse land tokens, Bisonic said.

Players can collect fees based on the services provided on the property, rent out the land to other users, harvest resources, and host events such as skill contests, mini game nights, poetry readings, and concerts.

Jeldor noted that he hopes the value-creating users of the world will also benefit from it, becoming part of the “Create-to-Earn (C2E)” economy.

"There's a way for you to benefit from the value you bring to the world." He mentioned an example of an artist creating pixel art to sell to other players.

When asked if there would be an airdrop or something similar for current Forgotten Runes Wizard's Cult holders, Jeldor said the company "want to make sure that long-term Wizard's Cult holders benefit."

The project is also exploring other avenues for Forgotten Runes' intellectual property, such as comic books and television shows.According to the data providerData from CryptoSlam

, the total sales volume of Forgotten Runes series NFT currently ranks 125th.http://Yuga Labs hopes to raise hundreds of millions of dollars by selling virtual landYuga Labs hopes to raise hundreds of millions of dollars by selling virtual landYuga Labs Announces $450M Funding at a $4B Valuation, a16z led the round.