Gunzilla Games, the developer behind the upcoming video game "Off the Grid," has raised $30 million in a round co-led by CoinFund and Avalanche's Blizzard Fund, according to a statement.
In its statement, Gunzilla Games also said its "combined $30 million" raise includes a "$10 million strategic token round," participation from Republic Capital and Morningstar Ventures, and "previously unreported equity and validator sales." Gunzilla Games's new raise follows a $46 million funding round from August 2022.
"With the forthcoming launch of 'Off the Grid' and GUNZ to the public, we are not just advancing towards a new horizon in AAA gaming but also establishing a new standard in the blockchain space," Gunzilla Games co-founder and CEO Vlad Korolov said in the statement. CoinFund partner and Director of Research Evan Feng said in the statement that he believes "the gap between traditional and on-chain games is rapidly closing and will invert as game developers choose to leverage the full power of blockchain technology.