Red Door Investment(RDD) is a Taiwanese blockchain game development studio aiming to build high-quality games for the emerging Web 3 ecosystem. With key members from renowned gaming companies like EA, Ubisoft and Tencent, RDD has raised $5 million in its seed funding round to develop its first game “Reign of Terror”, which will launch in summer 2022. The funding round was led by M6 and Shima Capital, with participation from Maven Capital, Cryptology Asset Group and LucidBlue Ventures.
RDD to build AAA quality metaverse games based on blockchain technology
As a blockchain-based game studio, RDD is focused on leveraging blockchain technology to create high-quality metaverse games. Its goal is to build AAA quality games that integrates blockchain elements like NFTs, crypto tokens and decentralized governance. The $5 million funding will empower RDD to develop proprietary game economic models to ensure sustainability and scalability of in-game economies.
First game Reign of Terror to launch in summer 2022
RDD currently has three games in development, with the first one called Reign of Terror to launch in summer 2022. Reign of Terror will likely incorporate NFTs that players can purchase and trade, as well as governance tokens that gives players voting rights over in-game decisions. The launch of Reign of Terror signifies RDD’s ambition to lead innovation in the promising Play-to-Earn sector.
RDD backed by major institutional investors
As a nascent metaverse gaming studio, RDD has gained confidence from major crypto venture capitalists. The seed round was led by M6 and Shima Capital, while investors like Animoca Brands, Coinbase Ventures and Solana Ventures also participated. With backing from these prominent blockchain investors, RDD is poised to make a significant impact in blockchain gaming.
As one of the first AAA gaming studios built for the open metaverse, Red Door Investment has strong potential to lead innovation in blockchain gaming. Its inaugural game Reign of Terror in summer 2022 could pave the way for sustainable triple-A quality Metaverse games.