October 30, 2024
81RAVENS, a developer of blockchain gaming experiences, has secured $4.5 million in a seed funding round to advance its flagship title, PARAVOX, a 3v3 free-to-play shooter game. The funding round was co-led by Digital Hearts Holdings and Gree Ventures, with the funds directed toward development and marketing initiatives. PARAVOX, which leverages the Solana blockchain, has entered Global Open Alpha and has been well-received on the Epic Games Store, amassing over 100,000 downloads.
PARAVOX offers a competitive, fast-paced gaming experience where players engage in rapid 3v3 battles, emphasizing reflexes and strategic skill. Earlier this year, PARAVOX gained considerable attention in the esports community, hosting its first major event, the PARAVOX Global Rapid Tournament (PGRT). This tournament attracted a large audience, with over 500,000 viewers and 23 participating teams. By integrating blockchain technology, 81RAVENS seeks to redefine the traditional esports model, incorporating tokens and metrics that connect publishers and communities in innovative ways.
81RAVENS has outlined its ambition to expand the esports sector through blockchain integration. The company’s platform approach aims to address structural imbalances within the esports industry by accurately measuring market demand for various titles. With this funding and strategic vision, 81RAVENS intends to increase player engagement, strengthen community integration, and expand PARAVOX’s footprint in the global gaming market.
About 81RAVENS
81RAVENS is a blockchain-based gaming studio focused on creating immersive, competitive gaming experiences that leverage the power of Web3 technology. Headquartered in Tokyo, Japan, the company is committed to reshaping the esports ecosystem through blockchain and tokenization, aiming to foster deeper interactions between publishers and communities. PARAVOX, its flagship title, is a 3v3 free-to-play shooter game, designed to bring speed and skill to the forefront of gaming.
Website: https://81ravens.com/
X: @81RAVENS
About Paravox
Website: https://paravox.games/jp
X: @PARAVOX_jp
About Investor
Digital Hearts Holdings
Digital Hearts Holdings is a prominent independent game developer and venture partner in the esports sector. The company supports new and innovative projects in gaming, helping them scale in competitive markets. Digital Hearts seeks to drive unique gaming concepts and blockchain-based initiatives that can impact the gaming industry's future.
Location: Japan
Website: https://digitalhearts.com
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