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

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 a period of time in order 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”).

Several NFT gaming initiatives have been discontinued because to opposition from gamers, who cite environmental concerns and a general aversion to anything crypto-related. However, companies like Ubisoft and Square Enix are continuing to develop NFT-based games in the hopes of allowing gamers to really own and exchange their in-game assets.

Azra Games’s staff is ready to take on the blockchain gaming world, but there’s one catch:

The company hasn’t decided which chain it will operate on.

“We haven’t decided on a blockchain yet,” the corporation posted on social media today, saying that it didn’t want to rush into a choice.

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 is made up of video game industry veterans and former Electronic Arts employees. Mark Otero, the company’s CEO, previously worked for Electronic Arts as the general manager of EA subsidiary Capital Games. 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, according to Azra’s website.

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