Pixion Games Secures $5.5 Million in Funding for Fableborne Development
July 26, 2023
Pixion Games, led by seasoned industry experts, proudly declares the closure of a significant funding round, securing $5.5 million to further propel their ambitious venture. This financial injection is earmarked to propel the development of their flagship creation, Fableborne, an immersive action role-playing game (RPG) that seamlessly merges strategic base-building with blockchain integration, offering players a rich gaming experience with on-chain assets.
"Fableborne has received resounding acclaim and positive feedback," says Kam Punia, Pixion Games' Founder and CEO. "Our team is steadfast in our commitment to establishing Fableborne as a premier high-quality game with blockchain elements. We're thrilled to announce that our LiveOps, fuelled by tournaments, is on the brink of release."
The funding round was buoyed by a consortium of esteemed investors, including Blizzard, Shima Capital, Eldridge, Merit Circle, and ReadyPlayerDAO, among others. This strategic alliance underscores Pixion Games' dedication to sustainable growth and innovation within the gaming industry.
Pixion Games, headquartered in London, has set its sights on revolutionising the web3 gaming landscape. With a wealth of experience in developing multiplayer experiences and a distinctive approach to game development, the studio is poised to redefine the gaming experience. Their proprietary tournament platform and data-informed strategies promise to deliver compelling, hit titles, setting them apart from the crowd.
The cornerstone of Pixion Games' strategy lies in integrating on-chain elements that enhance social play, user-generated content (UGC), and tradable in-game assets, all without compromising the core gameplay experience. This meticulous approach ensures that players are not only engaged but also empowered within the virtual realm.
The infusion of capital will primarily fuel the expansion of Fableborne, Pixion Games' flagship endeavour. By leveraging blockchain technology atop the Avalanche network, Fableborne offers players unparalleled opportunities to interact with on-chain assets, enriching their gaming experience manifold.
Kam Punia envisions a future where competitive multiplayer games, underpinned by player-owned economies, take centre stage. "Our focus is on crafting immersive experiences that prioritize competitive tournaments and player-driven economies," Punia emphasises. This player-centric ethos is poised to resonate with gaming enthusiasts worldwide, fostering a vibrant and engaged community.
As Pixion Games prepares for the next phase of development, they extend an open invitation to players to participate in playtests, offering a glimpse into the captivating world of Fableborne. With a public launch on the horizon, fuelled by innovation and community-driven engagement, Pixion Games is set to leave an indelible mark on the gaming landscape.
In conclusion, Pixion Games' successful funding round marks a pivotal moment in their journey towards redefining the gaming experience. With Fableborne poised to captivate audiences worldwide, fuelled by blockchain integration and player-centric design, Pixion Games is primed to lead the charge in the evolution of web3 gaming.