Azra Games raises another $42 million. Is the spring of blockchain games coming?

Original | Odaily Planet Daily ( @OdailyChina )

Author | Asher ( @Asher_0210 )

On October 15, blockchain game developer Azra Games published a post on the X platform, announcing the completion of a $42.7 million Series A financing, led by Pantera Capital, with participation from a16z, NFX, etc. As soon as the news came out, on the one hand, the short-term floor price of its NFT project The Hopeful exceeded 1 ETH, with a short-term increase of more than 30%. The current floor price has been adjusted back to 0.88 ETH (The Hopeful secondary market purchase link: https://blur.io/eth/collection/azragames-thehopeful ) .

On the other hand, major blockchain game communities quickly fell into heated discussions, with members expressing their opinions and speculations. Some people believe that this marks the revival of the blockchain game sector, and the influx of funds will promote the emergence of more innovative and high-quality projects. The heated discussion atmosphere has filled the entire community with expectations and hope.

Azra Games announces $42.7 million Series A funding

So, why can Azra Games attract such a high amount of financing? What innovative ideas does the team have to promote the development of the next generation of blockchain games? Below, Odaily Planet Daily will analyze this blockchain game favored by capital, Azra Games, and the current plan to develop a high-quality role-playing game called Project Legends.

Project Introduction

Azra Games is a P2E game studio focused on game product development and brand building, delivering groundbreaking gaming experiences with a vision to deliver console-quality games on mobile platforms. Azra Games is committed to creating deeply immersive worlds with engaging combat and rich narratives, which makes it stand out in the competitive mobile RPG market.

It is worth mentioning that in addition to the $42.7 million Series A financing announced this time, Azra Games has previously completed two rounds of financing, namely:

• On May 19, 2022, Azra Games announced the completion of a $15 million seed round of financing, led by a16z, with participation from NFX, Coinbase Ventures, Play Ventures, and Franklin Templeton.

• On February 21, 2023, Azra Games announced the completion of an additional US$10 million in seed round financing, led by a16z, with participation from NFX, Coinbase Ventures, Play Ventures and Franklin Templeton.
  

Therefore, including this round of A financing, Azra Games total financing amount has exceeded US$68 million.

Project Legends has completed its first round of closed game testing

At present, Project Legends, a game planned to be developed by Azra Games, has completed the first round of closed game testing at the beginning of this month. A total of 144 players participated in the first round of testing and the team actively collected feedback. This test provided the team with not only data, but also a channel for direct communication with players. Some of the most valuable feedback mainly revolved around the following aspects:

• Game Mechanics: Players praised the smoothness of the combat system, but suggested adjustments to make certain abilities more intuitive;

• User experience: Testers highlighted some areas where the interface could be simplified for a smoother experience;

• Storyline Engagement: While many players enjoyed the initial narrative approach, the team received some thoughtful feedback on how to make the story more immersive and engaging in future updates.
  

Project Legends game interface

Early Participation Opportunities

Regarding Project Legends, a game that Azra Games focuses on developing, the team said that the first round of closed game testing is just the beginning, and more players will experience it in the future. Therefore, those who register for early participation may have token airdrop opportunities in the future. The specific operation tutorial is as follows:

Interactive website: https://azragames.com/

STEP 1. After entering the interactive website, scroll down to the bottom and click Join the Waitlist.

STEP 2. After jumping to the new link, enter your Google email address and click Pre-register Now to join the early access for free.

summary

Although Azra Games has not received investment from Binance, it has received multiple rounds of financing from well-known venture capital institutions such as a16z and Coinbase Ventures, and the amount of financing has gradually increased. According to feedback from community members, there are currently two main ways to participate in the projects future token airdrops: one is to hold the official NFT project The Hopeful, and the other is to become an early participant in the Project Legends game. With Azra Games raising another $42 million, perhaps the spring of the blockchain gaming sector is really coming.