MetaKings Raises $15M in Seed Funding Co-Led by Makers Fund

Blockchain gaming startup, MetaKings has raised the sum of $15 million in a Seed Funding round that included Makers Fund and Bitkraft Ventures. The seed funding is billed to help MetaKings fasttrack the development of its flagship Massively Multiplayer Online (MMO) game dubbed BlockLords.

BlockLords is set in medieval times and inspired by Total War, Age of Empires, Civilization, and Crusader Kings title according to MetaKing co-founder and CEO David Johansson who confirmed this to Coindesk in an interview. 

With the startup also getting the backing of top investors like Delphi Digital, Animoca Brands, Shima Capital, WW Ventures, Spartan Group, and Huobi Ventures, among others, the support for the next year’s release of the BlockLords game is being hastened.

Insights into the MetaKings Blocklords Game

Users can gain access to the BlockLords game by getting their hands on a Hero character which can be trained to grow, marry and reproduce to multiply. While these characters are given for free when starting out, the gaming economy will at a later time require players to acquire resources to bolster their stance eventually.

“You’re not going to be a powerful lord or lady or a powerful king or queen, but you’ll be able to kind of join up under another lord’s banner, start up your own little farm and start gathering resources that way,” explained Johansson. “I do believe games should be free to get into and then once you get deeper and deeper into it, us as game designers can unleash different ways for users to get involved either by paying resources or playing with skills.”

The BlockLords title from MetaKings is hosted on ImmutableX but plans to expand to other blockchain networks in due course. Per the Coindesk report, the NFT sale of BlockLords will be followed by early access to the Blocklords launch with farming and city-building game features. 

“MMOs have a clear product-market fit within blockchain games as they allow for more diverse and dynamic in-game economies,” said Bitkraft associate Jamie Wallace in the press release. “When it comes to Blocklords, it not only has deeper gameplay than current blockchain-based games on the market but it’s also designed to attract a wide range of player types, ultimately creating a more inclusive game that caters to all stakeholders within the Web3 universe.”

Other gaming titles have also been receiving backing from venture capital firms lately, and it largely shows the new direction of investments for investors looking into the Web3.0 space.