With the global fundraising landscape becoming increasingly more difficult to navigate due to COVID-19, Polyient Games is dedicated to providing unique support opportunities for non-fungible tokens (NFTs) and blockchain game projects over this period.
Today we are announcing our support for Chainbreakers, an Ethereum blockchain-based role-playing game (RPG) initially developed as an exclusive launch title for Decentraland.
Work on Chainbreakers began roughly 2 years ago by Qwellcode, a VR and blockchain development group. In that short time, Chainbreakers has quickly become one of the most highly-anticipated blockchain games featuring play-to-earn game mechanics and a focus on NFT item interoperability.
However, despite successfully raising capital via NFT item pre-sales, building out one of the largest blockchain gaming communities and developing numerous viable game types, the Qwellcode team recently announced that it was unable to secure traditional venture capital support to continue development.
The combination of the tightening global economic situation and outstanding debts related to Chainbreaker’s development (you can learn more on the full situation here) has led Qwellcode to make the decision to auction off the IP related to the game franchise.
The auction, which is tentatively planned for April 15th, will be conducted via a unique NFT sale where the winner will receive full ownership over the associated assets and IP. Qwellcode aims to raise ~$250K in the sale to breakeven.
To facilitate this asset sale, Polyient Games is extending an open offer to the future owner of Chainbreakers to bring the game title into the Polyient Games Ecosystem, the upcoming collaborative NFT and blockchain gaming startup environment driven by social engagement.
“The opportunity for the future Chainbreakers owner to participate in the collaborative Polyient Games Ecosystem is very exciting. It’s optional of course but if Polyient Games fits into the strategy of the next franchise owner, then this is a very nice shortcut for sure! By the way, our friends at Blockade Games (Neon District) are already involved with Polyient Games.” — Rene Schmidt, co-founder of Qwellcode
As we previously detailed, the Polyient Games Ecosystem doubles both as a proving ground for our portfolio startups as well as a means for third-party organizations to expand the reach of their products and build out new collaborative partnerships.
We are building the Polyient Games Ecosystem as an open community without growth-restricting technical or business development restrictions. Games within the Ecosystem benefit from dedicated marketing promotion, exclusive NFT sales opportunities, and other unique offerings to drive user adoption. More information on our platform will be available in Q2 2020.
We look forward to the opportunity to work with the future developers of this high-potential title and are available to provide consultation for any potential buyers.
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