Delabs Games, the developer behind Rumble Racing Star, has recently concluded a seed investment round, securing an impressive $4.7 million.
The round was primarily led by Hashed Ventures with additional participation from Spartan Labs, Polygon Labs, the blockchain gaming startup Planetarium, and the gaming-focused decentralized autonomous organization (DAO) Merit Circle.
The fundraising announcement follows closely after the exclusive testing event for Rumble Racing Star. Additionally, the company has plans for two more projects which are a space survival game called Space Frontier and Meta Bolts, a whimsical post-apocalyptic survival game.
All proceeds will support community projects, marketing, and game development for Rumble Racing Star, Space Frontier, and Meta Bolts. Delabs Games focuses on creating games on the Polygon blockchain.
Simon Seojoon Kim, the CEO of Hashed Ventures, who spearheaded the investment round, emphasized the importance of merging an experienced development team from the conventional gaming industry and unique intellectual properties (IPs) into the Web3 ecosystem. This collaboration aims to deliver an unparalleled gaming experience, empowering players with genuine digital ownership and complete control over their in-game assets.
Joonmo Kwon, the CEO of Delabs Games and formerly the CEO of the prominent South Korean gaming company Nexon, stated about this funding:
‘’Today’s investment news is an important acknowledgment that Web3 technology is not only here to stay, but poised to revolutionize the gaming industry by empowering players with true digital ownership and control over their in-game assets.”
Delabs Games functions as the cryptocurrency gaming division of 4:33 Creative Lab, a South Korean game developer with over 13 years of experience in the gaming industry. Also, 4:33 Creative Lab has a remarkable track record of over 250 million total global downloads! As the parent firm, they successfully released well-known mobile games, like Boxing Star, Battle Boom, and Eroica.
Although Space Frontier and Meta Bolts do not have specific release dates yet, Rumble Racing Star will be available later this year. In addition to these games, the company has previously introduced an Adventure Pass NFT on the Ethereum blockchain.
About Delabs Games
Delabs Games is a game development and publishing firm that provides top-notch and captivating Web3 games. Its mission is to deliver outstanding graphics and immersive gameplay to cater to players of all backgrounds, irrespective of their understanding of NFTs, wallets, or cryptocurrencies.
The company centers its efforts on providing accessible and user-friendly gaming experiences. Its team, consisting of talented producers and artists, is committed to developing cutting-edge racing and role-playing games.
Embracing the future of gaming, the developer empowers players with genuine digital ownership and unforgettable adventures within the Web3 space.