Finland-based indie games studio, Empires Not Vampires, has raised $1 million to develop its latest game, Paradise Tycoon. The round saw investments from various angel investors and VC funds, including Shima Capital, Zee Prime Capital, Fomocraft Ventures and FireX Capital.
According to the press release, Paradise Tycoon’s game assets (NFTs) will be fully based on the blockchain, including the assets’ entire visual presence and a creative commons license to allow digital ownership beyond the game and the control of its developers.
Co-Founder of Empires Not Vampires, Timo Juuti, commented:
“We never felt comfortable with the idea of pricing digital collectibles at hundreds or even thousands of dollars. As a (formerly) traditional games studio, it’s easier to position ourselves in the blockchain space now that the huge hype is gone.
“Blockchain technology offers us massive freedom in game design. We are putting in-game assets into blockchain as NFTs with a Creative Commons license for developers to use in their games, so they are available for anyone and not controlled by us; this is real digital ownership.
“This creates some exciting future scenarios and new ways to build IPs. It remains uncertain how blockchain games will evolve, but what is certain is that we have only scratched the surface of their potential.”
Paradise Tycoon is described as a social building and crafting multiplayer game built on blockchain technology. The title is in its public Alpha stage and available for browser and Android devices, with plans for a global launch towards the end of the year.