Web3 recreation studio, the developer behind popular free-to-play 3v3 area shooter, has secured $4.5 million in funding.
Digital Hearts Holdings and Gree Ventures jointly led the funding round for the pioneering Web3 recreation company. The funding will enable the further enhancement and marketing efforts for Paravox, poised to debut on the Solana blockchain. Despite the uncertainty surrounding Web3 gaming, there are indications that games targeting hardcore players may still thrive.
The 81 Ravens group is a Singapore-based recreation and improvement company established in 2020. As a renowned collective of recreational builders, publishers, and organizers across Japan and Southeast Asia, 81Ravens are dedicated to Paravox, a dynamic fusion of motion, talent mastery, and tactical finesse.
Currently, Paravox is undergoing an international open alpha test, which has garnered significant attention, with more than 100,000 downloads following its non-public alpha launch in Japan and Southeast Asia. Currently, the platform boasts over 100,000 registered accounts, an impressive feat for a Web3 endeavour.
As part of its funding strategy, 81Ravens has opted to leverage the Solana blockchain for deployment. Solana asserts that its speedy, scalable infrastructure, combined with minimal friction and extremely competitive transaction fees, makes it an attractive option for the gaming industry, enabling seamless, real-time gameplay and effortless integration with blockchain technology.
“81Ravens aims to transform the esports landscape by creating a platform that fairly allocates rewards across all stakeholders – including viewers, competitors, and content creators – to drive growth and engagement,” said Shimpei Yoshimura, CEO of 81Ravens, in a press release. By targeting a market value of ¥10 trillion ($65 billion), we seek to bridge the current disparity between game developers and their fan bases. While appearing as a recreational studio, our core identity lies in our unique perspective, empowering us to seamlessly integrate all aspects of the esports industry through tokenization and accurately quantify each title’s market value.
In its inaugural esports event, Paravox successfully hosted the Paravox International Fast Match (PGRT), boasting a substantial prize pool of ¥100 million ($652,000) that drew in a massive audience of more than 500,000 viewers, with 23 participating esports teams vying for victory.
As a neutral force in game development and Esports, we envision 81Ravens bringing a refreshing injection to the industry with their unique and captivating 3v3 shooter, Paravox, and its innovative blockchain business model. According to an official statement from Digital Hearts Holding, CEO Toshiya Tsukushi expressed that the company is providing comprehensive support to 81Ravens in overcoming their current challenges, stating that “we will help them with all our might.”
Professional teams from Japan, Southeast Asia, Europe, and Latin America, akin to Loud, Zeta Division, and Blacklist Worldwide, collaborate with Paravox. The highly anticipated PCI, set to take place in December, will feature a star-studded lineup including the talented Loud among many other skilled participants.
“In a recent statement, Gree Ventures CEO Shintaro Aikawa expressed enthusiasm about the company’s progress since its inception, stating that he has been eagerly anticipating their development.” As a keen observer from his high school days, I’m thrilled to witness Shimpei’s significant accomplishment. 81Ravens boasts unique advantages, coupled with robust connections to industry influencers, efficient and expedient game development, and a vital approach to GameFi that sets it apart from the competition? They are poised to make a significant impact on the global market. As they enter the Solana ecosystem, I eagerly anticipate their fusion of video games and blockchain know-how, bringing forth a revolutionary entertainment experience.
The sport is undergoing enhancements and improvements to ensure a seamless launch on Steam by the end of 2024.
