Web3-games developer Revolving Games has raised $25 million

The Revolving Games team, which creates Web3 games, has raised over $25 million, according to The Block.

In the pre-seed round the project received $12 million. Another $13.2 million in seed rounds was provided by Pantera Capital, Animoca Brands, Polygon, Dapper Labs, and former Rockstar Games creative vice president Dan Hauser.

Revolving Games will direct funding for its products over the next two years.

Earlier it was known that Limit Break studio raised $200 million to implement elements of Web3 in the Free-to-Play model.

According to the report of DappRadar and Blockchain Game Alliance, in January-March the volume of investments in gaming blockchain projects amounted to $2.5 billion.

Recall that Web3 game publisher Xterio received $40 million from FunPlus, venture capital firms Makers Fund and FTX Ventures, as well as the XPLA platform.