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Usha Yadav
May 20, 2022
by Usha Yadav

Azra Games Raises $15 Million for NFT-Based Play-and-Earn RPG

Azra Games NFT
Azra Games, a blockchain gaming business, has secured $15 million in a seed round led by Andreessen Horowitz to create its flagship play-and-earn RPG title, "Project Arcanas." The round was also attended by NFX, Coinbase Ventures, Play Ventures, and Franklin Templeton.

"Project Arcanas" will be a role-playing game featuring a lot of NFTs or unique blockchain tokens that represent ownership. The NFTs in Arcanas will work as deeds of ownership for individual characters or in-game assets.

The Genesis Collection from Arcanas will be the game's first NFTs. These will be characters that can be staked—that is, locked up for some time to earn interest—and will play a significant role in the game's lore. These non-fungible tokens are known as "PFPs" by Azra (short for "Play Forever Passes").

Azra's crew is ready to take on the blockchain gaming world, with one caveat: the company has yet to decide which chain it will work on. Although it's unclear which blockchain "Project Arcanas" will end up on, a job offering from Azra Games gives a few suggestions. The company is looking for a Web3 developer that has worked with Solidity (Ethereum's programming language), Rust (Solana's programming language), "or any modern smart contract framework," according to the job posting.

While the Azra team is new to Web3, it comprises video game industry veterans and former Electronic Arts employees. Mark Otero, the company's CEO, previously worked for Electronic Arts as the EA subsidiary Capital Games general manager. According to Azra's website, Otero handled more than a half-dozen mobile and free-to-play games, including "Star Wars: Galaxy of Heroes," which earned EA over $1 billion.

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NFT Azra Games
Azra Games Raises $15 Million for NFT-Based Play-and-Earn RPG
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.