Singapore-based Red Door Digital, the Web 3.0-ready game studio and publisher, announced that it has secured $5 million in seed funding to create AAA-quality video games for Web3, leveraging blockchain technology and its own proprietary Web3 infrastructure.
A consortium of investors participated in this seed round of funding, including M6, Shima Capital, Maven Capital, Cryptology Asset Group, and LucidBlue Ventures. Investors were drawn to the Red Door Digital team’s stellar background in AAA game development, with the founding team including alumni of EA Online, Ubisoft, Epic, Tencent, and NetEase, and even Emmy award winners.
The seed funds will be used to build out Red Door Digital’s central technology team and platform, which will design and develop the studio’s games. That platform includes the studio’s proprietary game theory models, which drive the scalability and sustainability of the in-game economy, and Web3 infrastructure.
With decades of experience spearheading blockbuster titles such as FIFA Online, Warcraft II, and EA Origins, Red Door Digital is well versed in ensuring the scalability and sustainability of games that are simply fun to play.
The goal is to enhance entertainment and social interaction via immersive metaverse experiences, with a priority on good, creative gameplay akin to AAA
games. This includes live ops running at the global-to-local level, with local-language support.
Meanwhile Red Door Digital’s Web3 infrastructure manages the underlying GameFi models to support sustainable in-game economies, with cross-chain NFT interoperability.
“Web3 gaming has set in motion a paradigm shift for the industry, but so far studios have not delivered titles that are all that fun to play. Red Door Digital will be using this funding to plug that gap. We’re building AAA-quality games on the blockchain, to increase value, utility, and social interaction for gamers, with P2E built into fundamentally entertaining games,” said Joseph Derflinger, CEO of Red Door Digital.