Estonian blockchain gaming developer Fracture Labs raises $3.5 million

Tallinn-based gaming studio Fracture Labs, best known for their anticipated 3rd person survival role-playing game Decimated, has added $3.5 million to the coffers. The company plans to use the new capital to further game development, as well as debut an NFT marketplace that will precede the 2022 release of the title. To date, the startup has raised $8 million.

Set in a dystopian post-apocalyptic future, Decimated is an open world survival game with a blockchain-based economy. In-game items, vehicles, and structures are all minted on the blockchain, meaning they persist within the game unless scrapped or destroyed.

The in-game currency, DIO has a fixed supply of one billion tokens, and cannot be created or destroyed. Adding an entirely new gaming aspect, DIO can be purchased on real-world exchanges, thus having a fluctuating price (and value) based on real-world supply and demand.

In development since 2018, Decimated took home the Best Blockchain Game award at the 2019 Crypto Games Conference, and was awarded an Epic MegaGrant from Unreal Engine. Initially bootstrapped, the studio introduced a private token sale last month with a target of $4 million. They received over $30 million in offers.

The $3.5 million investment round was pooled from over a dozen backers including Alameda Research, Huobi Ventures, Spartan Group, and Cryptology AG.

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