Lava Labs has gained $10M fundraising
Lava Labs, a game development studio, announced that it has raised $10 million to further develop its debut title AFAR, a third-person, hero-based arcade platform that includes a series of games.
Lava Labs was founded in 2019 by serial entrepreneur Kaya Tilev, supported by EA, Riot and Dice veterans. Trip Hawkins and Alli Ottarsson are advising the company. “Our vision is entirely around “fun” and creating an enduring world. We have been inspired by Pixar and Disney throughout our lives and believe we are in a position to create the next generation of dazzling entertainment through our specialized process,” says Kaya Tilev, CEO and Creative Director Lava Labs.
The financing round led by Dialectic, with participation from Merit Circle, Dragonfly, Defiance, Animoca Brands, Razer Computer, Weak Simp Cap, Dapper Labs, Maven11 and angels such as Santiago R Santos, Gabby Dizon, Nick Chong, will allow the studio to accelerate team growth and develop the game. “We are incredibly motivated to set the tone on blockchain gaming with laser-focus on gameplay fun. The early community support has been overwhelmingly exciting” adds Tilev further.
“Lava Labs is on a path to become the Pixar of Web3. It’s led by an extraordinarily creative and talented team and executing at a mind-blowing pace. When you see the gameplay in AFAR the immediate reaction is ‘this game and this team are fully next levels’.” said Ryan Zurrer, founder of Dialectic, a Swiss-based, bespoke invite-only multi-family office designed for crypto wealth clients.
Lava Labs is preparing for their upcoming land sale where they will offer 10,000 plots of land to the community. Starting in Q2/22, players will be able to use their lands in a mini-game while the main game is being developed: the community will start creating the very first power crystals that will fuel up the very first spaceships.
AFAR is a competitive multiplayer game for PC/browser where 25 players compete against each other in 4-minute battles of 4 rounds. Each round has different challenges and is a mix of obstacle courses and shooting. Players collect points, buffs and weapons during their race to the finish line: the next spaceship leaving the planet. In their upcoming first land sale, Lava Labs will be offering 10,000 plots of land to the community. Already in Q2/22 players will be able to start using their lands in a mini game while the main game is being developed: The community will start creating the very first power crystals that will fuel up the very first spaceships.
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