Spellfire Re-Master the Magic, a new spin on classic collectible card games, has closed a $3.8 million private investment round.
Leading investors DAO Maker and Shima Capital are joined by Genblock, IBC group, Faculty group, IBA, Maven Capital, Autonomy Capital, Terranova Ventures, x21 Digital, and others that initially supported the initiative, and interest has since surpassed all initial financing targets.
The project is currently on the verge of being oversubscribed twice, a tremendous accomplishment for Spellfire’s development team and leaving many of the industry’s top VC investors waiting in the wings.
Spellfire’s continued expansion is now a primary focus, and the project just welcomed two highly regarded crypto professionals into its family. BitBoy Crypto and The Moon Carl team up to make Spellfire one of the most talked-about blockchain gaming subjects!
Spellfire’s long-awaited and much-anticipated Token Generation Event is quickly approaching, and the team is almost ready to break the big news.
Spellfire has a wide appeal
Prospective players can expect to encounter a beloved fantasy game blended with modern design sensibilities from the development team. Spellfire now has a slew of features that will appeal to a diverse spectrum of players, making it the NFT game to watch.
The game first drew attention when it announced the first-ever touchable NFTs. Players will be able to own both digital and physical cards, which a QR code will link. This ensures that they cannot be imitated and that they may be played on both tabletops and tablets.
The popularity of Play-to-Earn games skyrocketed in 2021. The most significant way to gain money on Spellfire is via owning NFT cards. Owners of the original NFT card will receive up to a tenfold return on investment on each subsequent sale of their card. The more desirable the card, the more profitable it will be.
NFTs are on the verge of widespread use
The game industry’s interest in NFTs is growing, as is its audience. In 2021, the NFT space witnessed great success, with 1.4 million unique active wallets interacting with games, accounting for 49 percent of industry usage. Game NFTs account for 20% of the $23 billion NFT trading volume in 2021.
The widespread use of NFTs in the gaming industry appears to be on the horizon this year, and as this trend gains traction, titles like Spellfire are poised to benefit from the influx of new players.
