Limit Break Generates $200M to Develop New Blockchain Game

Limit Break, a mobile gaming firm founded by Gabriel Leydon and Halbert Nakagawa has announced the conclusion of two funding rounds where it secured $200 million. 

The company plans to utilize the secured capital to commence the development of a new blockchain game. 

Investor partners of the fund include Josh Buckley of Buckley Ventures, Standard Crypto, and Paradigm Ventures. Limit Break funding had previously enjoyed participation from investors like investors including FTX, Coinbase Ventures, Anthos Capital, SV Angel, and Shervin Pishevar.

“We have the perfect partners, perfect investors, and perfect team in place to bring the gaming industry into a new era,” Leydon said in the press release. 

Both co-founders are the originators of Machine Zone which featured globally recognized celebrities like Arnold Schwarzenneger, Mariah Carey, and Kate Upton. Some of the interesting titles in this zone are Game of War, Mobile Strike, and Final Fantasy XV: A New Empire amongst others.

Gabe Leydon, as well as Halbert Nakagawa, are known as pioneers of ‘Free-to-Play’ games which is different from what Limit Break is offering now. Per a statement from Leydon, “Free-to-Play gaming is ending, and Limit Break is coming to replace it.” 

Limit Break NFTs Will be Offered to Gamers For Free

Singlehandedly in 2018, Leydon had tried to launch Game of War maker Machine Zone as a means of exploring digital assets. 

His attempt proved abortive until about a year ago when he teamed with Halbert Nakagawa in another attempt to create a blockchain-based business model game called ‘Free-to-Own’. During an interview with GameBeat, he announced that the ‘Free-to-Own’ games were a replacement for ‘Free-to-Play’ games which had generated over $120 billion in annual revenues.

The Limit Break network utilizes non-fungible tokens (NFTs) on the Ethereum (ETH) network to authenticate unique digital items using the digital ledger of the blockchain. These NFTs will be given out for free to the gamers which is why the Limit Break is referred to as the free mint game. 

Leydon considers this as a safe way to avoid crypto scams like rug pull. Instead, once users receive the NFTs for free, they would voluntarily evangelize and promote the game. Notably, these freebies would be available only to early fans who take advantage of the offer before its end window.