Republic Capital Leads Gunzilla Games to Raise $46M in New Investment Round

Gunzilla Games, an autonomous AAA game platform located in Frankfurt, Germany has secured $46 million in its latest investment round. 

The gaming platform is seeking means to redefine the Battle Royale Genre, an online shooting form game. Therefore, with the funds, a new platform tagged GunZ will be built to empower the players. In GunZ, te players will have complete ownership of their in-game possessions.

Meanwhile, the Gunzilla investment round was led by an online growth-stage investment company, Republic Capital. 

The round also enjoyed the participation of other key investors like Griffin Gaming Partners, Animoca Brands, Jump Crypto, RW3 Ventures, CoinFund, Shima Capital, Dominance Ventures, GSR, Kucoin Labs, Spartan Investment Group, AlphaCrypto Capital, Blizzard, Digital Strategies, Morningstar Ventures, Gamegroove Capital, Formless Capital, NGG and Huobi Group. Separately, Huobi will be placed in charge of the maintenance of the technical infrastructure of the project.

Imminently, the GunZ will become the foundation of Off The Grid (OTG), a new AAA Battle Royale 2.0 third-person shooter set in a dystopian cyberpunk future.

The OTG offers the players in-game item trading, a type of reward system where the players can purchase new in-game items from other players who have either earned them in the game or purchased it from each other.

GunZ Trading Feature Is Optional

Gunzilla intends to collaborate with any third-party crypto firm which supports non-fungible token (NFT) technology or an internal blockchain-based marketplace to take charge of the trading. 

Although the GunZ developers are positive about the potential of the game to offer a better user experience, it is fully optional. Players who are uninterested in the trading option can simply skip the feature option and play the game without any fee or obstruction.

Based on a statement on its website, players have been assured that the gaming site will not be converted into a monetized venture. Gunzilla “will never sell NFTs directly to their player community, nor will they hide progression or any game features behind a monetized paywall,”

Vlad Korolev, CEO, and Co-Founder of Gunzilla assures the players that a new gaming standard is coming up with OTG and GunZ. Unlike all other gaming platforms, whatever a player earns while using the trading option, solely belongs to the player no matter the situation.

Besides the Magic Ventures, Andreessen Horowitz, and Konvoy Ventures’ planned investment boost, this funding round comes off as yet another ambitious push to help establish the future of Web3.0 gaming.