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Market News

Delabs Games raised $4.7 Million from Hashed Venture and Polygon Labs

Delabs Games has raised a $4.7M seed funding round to build games on Polygon.

Written By:
Gopal Solanky

Last updated: July 25, 2023 1:51 PM
Published July 25, 2023 1:51 PM
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Last updated: July 25, 2023 1:51 PM
Published July 25, 2023 1:51 PM
Delabs Games raised $4.7 Million from Hashed Venture and Polygon Labs

The blockchain game developer, Delabs Games announced the completion of a seed round, raising $4.7 million. The finding round was led by Hashed Venture with participation from Polygon Labs, Spartan Labs, Planetarium and Merit Circle.

We’re excited to announce our $4.7M seed raise led by @hashed_official.

At Delabs Games, we’re building fun Web3 games because we believe in blockchain technology.

We have three games on deck and three principles guiding our development.

Here’s what you need to know🧵 (1/7) pic.twitter.com/8NkLl9B4kp

— Delabs Games🐞 (@delabsOfficial) July 25, 2023

The gaming company has built several games including Rumble Racing Star, a PC game described as ‘Mario Kart for NFT degens.’ 

Other games are Space Frontier, a space survival game, and Meta Bolts, a post-apocalypse survival game.

The funds raised in this round will be used to boost development and marketing of these games with the company focusing on developing on Polygon.

Delabs Games is a subsidiary of Korean company 4:33 Creative Lab, a game developer with over a decade of experience. 

Also read: Binance Labs Invests $10 Million in Radiant Capital

The company previously released a collection dubbed Adventure Pass NFT, which will be used to grant holder access in Rumble Racing Star for exclusive in-game items. Rumble Racing Star is set to launch later this year. 

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Gopal Solanky - Crypto Research Analyst at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Research Analyst and Reporter with over 5 years of experience in DeFi, blockchain, crypto, IT, and financial markets. With a Bachelor's in Computer Applications, he brings a strong technical foundation to his analysis and reporting. Gopal focuses on breaking down complex topics for both seasoned investors and curious readers. His work has been referenced by publications like Business Insider and Vulture.com, highlighting his contributions to industry stories around topics like Huwak Tuah Memecoin and the FTX collapse.

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