Golden Finance reports that in the blockchain gaming field, another major financing event has drawn widespread attention. The blockchain game development studio Orange Cap Games recently announced that it has successfully completed a seed round of financing of 3.5 million US dollars. This financing activity was jointly led by the well-known investment institution 1kx and Yuga Labs, which is highly influential in the fields of NFT and metaverse. Several investment institutions such as Bing Ventures and Infinity Ventures Crypto also participated in this round of financing. In addition, There are also many angel investors actively involved in it.
Since its establishment, Orange Cap Games has been committed to creating innovative blockchain game products and has gradually emerged in the industry. The 3.5 million US dollars in financing obtained this time is of great significance to the company’s future development. According to the official disclosure, this fund will mainly be used to promote the project progress and ecosystem construction of its two core products – Vibes TCG and Moonbirds.
Vibes TCG, as a collectible card game meticulously crafted by Orange Cap Games, integrates the unique advantages of blockchain technology. In the game, all the cards owned by players exist in the form of NFTS (non-fungible tokens), which means that each card has unique attributes and ownership records, stored on the blockchain, immutable and traceable. Players can not only obtain rare cards through in-game battles, tasks and other activities, but also freely trade them in the open market to achieve the circulation and appreciation of card value. This innovative game mode breaks the limitations of traditional collectible card games and brings players a brand-new gaming experience and investment opportunities. Previously, collectible card games supported by blockchain technology, such as “Gods Unchained”, attracted a large number of players to participate with its unique NFT card system and achieved remarkable results in the market. This also provided a useful reference for the development of Vibes TCG.
The Moonbirds project is closely related to Yuga Labs. Yuga Labs, as a leading enterprise in the industry, is renowned for the well-known NFT project Bored Ape Yacht Club it has created. Earlier this year, Yuga Labs sold the intellectual property rights of the Moonbirds NFT project to Orange Cap Games. Moonbirds itself is an NFT series with a unique artistic style and community culture, and it has a large number of loyal holders. Orange Cap Games plans to leverage this round of financing to deeply explore the IP value of Moonbirds and integrate it into the development of game products. By building rich game plots and diverse gameplay, it aims to bring immersive gaming experiences to the holders of Moonbirds and a wide range of gamers. For instance, an adventure blockchain game can be developed based on the character image of Moonbirds. In the game, players can control their own Moonbirds characters, explore the mysterious virtual world, complete various challenge tasks, and obtain rich rewards.
From the perspective of investment institutions, the leading investments by 1kx and Yuga Labs have significant indicative significance. 1kx has long been dedicated to early-stage investment in the blockchain field and has rich experience and acute insight in discovering and nurturing high-quality blockchain projects. Many of the projects it successfully invested in in the past have achieved remarkable success in subsequent development, bringing rich returns to investors. Yuga Labs, with its outstanding achievements in the fields of NFT and the metaverse, has an accurate grasp of industry trends. This time, the two jointly led the investment in Orange Cap Games, fully demonstrating the high recognition of the studio’s product concept and development potential. Participating institutions such as Bing Ventures and Infinity Ventures Crypto also have extensive resources and rich investment experience in related fields such as blockchain and Games respectively. Their participation will bring more financial support and strategic resources to Orange Cap Games. Help it develop rapidly.
For Orange Cap Games, the success of this seed round of financing is just a new starting point. In the future development, the company will face many challenges and opportunities. On the one hand, as the competition in the blockchain game market becomes increasingly fierce, how to stand out among numerous competitors, create products with differentiated competitive advantages, and attract more players to participate is a key issue that companies need to consider. On the other hand, how to effectively utilize the funds raised in this round of financing, rationally plan the project schedule, improve the product ecosystem, and ensure the smooth launch and continuous operation of the product is also an important task facing the company. However, with its innovative product concept, strong investment lineup and excellent team strength, Orange Cap Games is expected to carve out its own niche in the blockchain gaming field, bringing more wonderful gaming experiences to players and creating considerable value returns for investors at the same time. Subsequently, the progress of Orange Cap Games on the Vibes TCG and Moonbirds projects, as well as its performance in the blockchain game market, deserve continuous attention both within and outside the industry.
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