Ascenders Raises $6.4M in Private Round co-led by Paramount Capital, Sino Global Capital, Three Arrows Capital, and Merit Circle.
We are pleased to announce a $6.4 million private round co-led by Paramount Capital, Sino Global Capital, Three Arrows Capital, and Merit Circle, the leading investors in blockchain technology and gaming. The investment also features prominent players in the blockchain ecosystem including DeFiance Capital, Blizzard Fund, Colony Labs, GuildFi, Momentum 6, Forward Analytics, Avocado Guild, ZeePrime, Snack Club, Layer X, Mintable and others.
Jackson Poon, the Co-Founder and CEO of Legendary Foundry Games developing Ascenders, stated, “We are proud to have partnered with some of the largest players in the blockchain industry. Our mission is to deliver the highest quality gaming experience to our players with the strategic support from our investors.”
The funds will be used to expand our experienced team of world-class game developers, allowing Ascenders to build what promises to be the most captivating Web3 gaming experience to date. Legendary Foundry Games is currently composed of experienced game developers, with a proven track record of delivering work at top-tier studios, including Activision, Rockstar North, Ubisoft, and Electronic Arts. Members of the team have previously taken up leadership positions for gaming titles, including critically acclaimed games such as Call of Duty Online, Grand Theft Auto Series, Marvel’s Avengers, Ghost Recon: Future Soldier, and many other AAA games.
Arthur Cheong, Founding Partner at DeFiance Capital, stated, “Ascenders is our bet on a next-gen Action RPG made by a team of passionate crypto and gaming veterans. We believe that a deep player-driven economy will truly unlock the potential of crypto gaming.”
Ascenders will feature a sci-fantasy open world experience with a fully decentralized, player driven economy, empowering player communities and harnessing the true potential of blockchain. This makes the diverse investor base an ideal partnership, with the support from the guilds’ community expertise and blockchain veterans’ economic design.
“Ascenders has the experience and bold vision required to breakthrough in both AAA and Web3 gaming. With Avalanche’s Subnet functionality built into its core, its team is bringing entirely new features to users who are craving richer gaming experiences and worlds.” Lydia Chiu, Vice President of Business Development at Ava Labs, stated on behalf of Blizzard.
The team at Legendary Foundry Games believes that combining solid AAA game development practices with revolutionary blockchain innovations presents the gaming industry with unprecedented opportunities for future growth. Empowering the users through self-custody of in-game assets and the resulting organic economies will aid in building stronger player communities around Web3 gaming projects, forming more immersive experiences.
In Ascenders, players will be able to freely choose their preferred economic lanes at any time. Each lane has its play-to-earn loop and own rewards system, creating complex, lasting interdependencies between players and encouraging continuous trade in the economy. Players will fully own all the weapons, avatars, and land they have created or earned in-game as freely tradeable NFTs.
“We’re incredibly happy to announce our partnership with Ascenders. We strongly believe the team has what it takes to deliver a high-quality blockchain game and look forward to introducing our gamers to Ascension. Which path will you take? Explorer, Fighter, or Builder?”, said Marco van den Heuvel, Co-founder & CEO at Merit Circle.
The successful conclusion of the private investment round signals strong support for our vision. Ascenders is striving to fully realize the potential of blockchain-powered AAA gaming: decentralized player-owned economies, meaningful player governance, and a lasting metaverse identity.
Stay tuned for more news of a surprise event in the near future which will reward the earliest fans. Follow us on Twitter or subscribe to our newsletter to receive the latest information.
About Ascenders
Ascenders is a sci-fantasy, open-world action RPG featuring a fully decentralized, player-driven economy powered by Avalanche. Players can freely explore new dungeons and discover resources in the distant overworld — Ascension.
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