{"id":139863,"date":"2024-10-16T18:00:20","date_gmt":"2024-10-16T15:00:20","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139863"},"modified":"2024-10-16T15:07:31","modified_gmt":"2024-10-16T12:07:31","slug":"gaming-studio-secures-42-7-million-to-boost-mobile-rpg-development-and-ai-research","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/gaming-studio-secures-42-7-million-to-boost-mobile-rpg-development-and-ai-research\/","title":{"rendered":"Gaming Studio Secures  $42.7 Million to Boost Mobile RPG Development and AI Research"},"content":{"rendered":"<p>This Series A round was led by Pantera Capital, with notable contributions from a16z Crypto, a16z Games, and NFX. Overall, Azra has raised $68.3 million since its inception.<\/p>\n<p>Mark Otero, the studio\u2019s founder and a former co-founder of KlickNation, is driving the initiative. KlickNation, known for titles like <em>Superhero City<\/em>, was sold to Electronic Arts in 2011 for $35 million. Otero\u2019s later work included the successful <em>Star Wars Galaxy of Heroes<\/em>, which <strong><a href=\"https:\/\/www.statista.com\/statistics\/1208392\/top-global-electronic-arts-app-revenue-google-play\/\" target=\"_blank\" rel=\"nofollow\">generated<\/a><\/strong> over $32.5 million in revenue by May 2024.<\/p>\n<p>In a blog <strong><a href=\"https:\/\/medium.com\/@azragames\/my-name-is-mark-otero-and-i-thought-i-was-a-retired-game-designer-6b53be8cccc2\" target=\"_blank\" rel=\"nofollow\">post<\/a><\/strong>, Otero reflected on his return to game design, sparked by interest in blockchain technology. Azra Games is developing a free-to-play mobile RPG, targeting a new generation of Western audiences.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/heres-what-to-expect-from-cardanos-upcoming-upgrade\/\" title=\"Here\u2019s What to Expect from Cardano\u2019s Upcoming Upgrade\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/cardano-15-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Here\u2019s What to Expect from Cardano\u2019s Upcoming Upgrade<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The funding will also bolster research efforts at Azra Labs, where CTO Travis Boudreaux is exploring AI technologies to streamline the creation of high-quality mobile content.<\/p>\n<p>Despite the challenges faced by gaming studios during the recent crypto downturn, venture capital interest in the sector is resurging. For instance, a16z recently allocated $30 million for investments in gaming, focusing on areas such as AI, VR\/AR, and Web3 games.<\/p>\n<p>According to Cognitive Market Research, the RPG market was valued at $18.73 billion in 2021 and is expected to grow to $38.46 billion by 2029.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An american gaming studio, Azra Games, has secured $42.7 million in a recent funding round aimed at enhancing its mobile RPG development.<\/p>\n","protected":false},"author":9,"featured_media":27648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-139863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - 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