Gamer-First Company Dynasty Studios Raises $5M to Build Blockchain-Powered Gaming Universe
Blockchain gaming company Dynasty Studios has raised $5 million in a seed round led by Framework Ventures, a VC in decentralized finance. CoinFund, Dapper Labs, Wood Investment Partners, Timo Schlaefer, and Stefano Schiavi also participated in the round.
Dynasty Studios is a game company creating next-generation games, striving to lead the mass adoption of blockchain technology through never-before-seen gameplay experiences. With their established team of veteran game developers, Dynasty has several projects in the pipeline designed with the goal of uniting the gaming and blockchain communities.
Dynasty’s upcoming massively multiplayer survival AAA-quality game, codenamed HAN, offers an innovative player experience, where gamers can immerse themselves in the moment-to-moment gameplay. At the same time, Dynasty gives players the option to leverage the full benefits of on-chain, tradeable, in-game items.
This style of game development exhibits Dynasty’s commitment to the “play-and-earn” model, rather than “play-to-earn”. With this model, the Dynasty franchise is targeting gamers looking to play first, and earn second, by positioning financial compensation as an added benefit, rather than a purpose, of gaming.
“So far, existing “play-to-earn” projects are tailored towards blockchain enthusiasts, looking mostly to incentivize those interested in the earning part – typically prioritizing successful in-game economies at the expense of creating quality gameplay,” says Ali Emek, CEO of Dynasty Studios. “We at Dynasty are seeking to facilitate an environment where gameplay in itself is a singular experience, but where the added layer of economic opportunity afforded by blockchain and NFTs will create a new depth to traditional multiplayer games.”
With HAN as the flagship title, all upcoming projects in the broader Dynasty franchise will be designed within one ecosystem, where game assets take on multiple forms and offer different, interoperable utility across various games.
“With over a decade of experience in the traditional gaming industry, we believe the Dynasty team is well positioned to create a bridge between mainstream gamers and crypto natives both seeking exciting and high-quality gameplay,” said Vance Spencer, co-founder of Framework Ventures. “Dynasty Studios is an exceptional example of how gaming companies can integrate with emerging technologies without having to forego what makes their games unique and enticing to the gaming community.”
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