Bravo Ready Raises $3 Million for BR1: Infinite Royale NFT Game
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Bravo Ready has raised $3 million to develop BR1: Infinite Royale, an endless battle royale game that uses non-fungible tokens (NFTs).
The skill-based game uses a “win to win” model, where players wager money to compete in a battle royale match and earn tokens for each kill they land.
The title marries NFT technology and smart contract automation. Investors include Solana Ventures, 6th Man Ventures, Shima Capital and Fractal CEO Justin Kan. The funding will be used to accelerate game and software development.
BR1: Infinite Royale is a risk-based shooter, where players pay $1 to appear in the game. They can earn tokens in Solana’s SOL cryptocurrency for every kill they get.
“Once you start betting on your performance in a game, you never get the same level of thrill unless you still have that level of financial risk associated with it,” said Evan Ryer, CEO of Bravo Ready. , based in Montreal, in an interview with GamesBeat.
“It’s not just a new game, it’s a new way to play. It fundamentally reinvents the financial side of being a gamer,” Ryer said. “Our mission is to be at the crossroads of great games that people love and a business model that will drive value for all stakeholders, whether you are a gamer, audience member, content creator or gaming investor, the BR1 ecosystem is designed to drive incentive and reward while creating a truly next-level gaming experience.
The Montreal company has 18 employees and started about two years ago at the start of the pandemic. The team is dispersed.
“We at Solana Ventures are very proud to support Bravo Ready and BR1: Infinite Royale, one of the first shooters to go live on Solana,” said Justin Barlow, Senior Partner at Solana Ventures who led the agreement for BR1 and is also an advisor to the BR1 team. “BR1 has introduced an action-packed game that redefines the rules of the battle royale genre and combines utility NFTs with high-quality artwork and graphics. We look forward to supporting the BR1 team in their mission to bring the games Solana to the masses.
“Combining risk-based tokenomics with working NFT characters and assets, BR1 redefines what it means to be a blockchain-enabled game and elevates much-needed industry standards,” according to Yida Gao, General Partner of Shima Capital, in a press release. . “Rarely do we see a team ship a quality product as quickly as BR1 and we are thrilled to roll up our sleeves to support the founders and the entire team in their next phase of growth.”
Serge Kassardjian, General Partner of 6th Man Ventures, said in a statement: “We are thrilled to support BR1 as the gameplay and economy was unlike anything we have seen in the play-to-earn ecosystem in this day. The passion of the community is incredible, and is only surpassed by the passion of the founders for the game. They are building an exciting new way to change fighting games, and we couldn’t be more excited to see this team build and change the game to win.
how it started
Ryer earned a degree in accounting but wasn’t exactly crazy about it. Instead, he had put thousands of hours into the game. One of his clients hired him to optimize a Bitcoin mine from an accounting perspective.
“At a young age, I had this great opportunity to buy a bunch of graphics cards for pennies on the dollar,” he said. “And I tried to build a cloud gaming solution and I had these huge aspirations. And let me tell you, I was devoured by Google Stadia, Shadow, and GeForce Now. I barely came out with the back skin.
Then he started a business with his best friend where they automatically tracked a player’s performance in video games and let them bet on their performance with automatic payouts. The social gaming company moved from its basement to the Toronto Stock Exchange and it sold it to React Gaming.
“It was quite an experience,” Ryer said.
He used the funds to start a web3 game company called Bravo Ready.
“This company was based on a real value proposition that was missing in gaming when I was growing up, which was liquidity and things that were proven fair,” he said.
He grew up playing games like World of Warcraft and RuneScape. But the problem in those games is that the items weren’t really rare. They weren’t demonstrably fair, he said. Companies had no way to record how many copies a sword had and had no way of obtaining cash.
“I hated spending thousands of hours in these games, and I had this character I built or these items and it was a waste of time,” he said.
How does the game work
The company released the alpha version of its game in January, before releasing NFTs.
The game has no timer or start time or end time. You pay to appear and you start at the edge of the map. Up to 300 players can exist on the map. You head to the center to find better access to weapons, ammo, and gear. Topography limits your ability to get back to the edge, and so it forces a concentration of players in the center of the map, where the real looting and shooting begins.
When you eliminate another player, you either get their spawn fee or the higher of 10% of their total stack. When you are eliminated, you keep 85% of your winnings. Then you have to pay to respawn.
The game has no start or end as players can spawn at any time, and the map is a giant island that supports hundreds of players spawning around the edges and heading towards the center. Survival-style gameplay places new characters away from other players with little access to items such as weapons, ammo, consumables, or equipment, but towards the center of the island they encounter a frequency higher number of players and items.
One of Bravo Ready’s key innovations is a generative character rendering pipeline to produce an infinite number of unique characters. Using a proprietary lane to randomize textures, colors, and patterns, each mesh in the character model is given its own unique sequence of combinations. Once these characters are generated, the collection is complete and renders these characters in-game for each owner of the NFT.
Will players go for it?
It’s not the prettiest shooter, but it caters to hardcore gamers.
Ryer said he’s thought a lot about why hardcore gamers seem to be against NFTs and see them as scams. He thinks that gamers who get older will continue to play video games, but they will seek more thrills, those that come with financial risk. His game is made for them.
“It’s a new type of game and with it comes the burden of education,” he said. “If I know it exists, based on the value of my speculative time, I’m going to want to take financial risk and participate in it. As for the game we’re building, it’s designed for an aging population. We understand that we have the burden of bringing in real players.
Over the next year, Ryer believes crypto infrastructure builders will deliver ease of use when it comes to wallets and other technical hurdles that keep people from playing now.
NFTs add another kind of utility. The company will sell 10,000 NFTs allowing players to participate in matches. You can rent one of these NFTs and play a game for the cost of 10 cents. That’s a pretty low rental fee compared to the $1 entry fee. People with multiple Agents can rent them out to other players, and they get a share of the profits. It builds excitement for the game and helps with user acquisition, he said.
“Other players can come and play my game. And you get paid to help them accomplish that,” Ryer said.
To help the game grow, the company has entered into agreements with player guilds in the blockchain gaming space.
“If you’re good at this game, you get paid to play,” Ryer said, noting that it works well for streamers in particular. “Your audience loves that this is a financial risk-based game.”
Jon Cohen, CTO of Bravo Ready, said in a statement: “In Web3 games, the game must always come first and the business model must support the game. Deliver tangible value to the time players spend in video games requires people to want to spend their time playing this game on a daily or weekly basis. Without a fun game that appeals to a wide audience, the best-thought-out business model will crumble under low demand.
Ryer emphasized the uniqueness of the game.
“No one has had a match like this before,” Ryer said. “And our game makes your heart beat outside your chest. You spawn the equivalent of you’re like playing poker on your tail pocket aces immediately. The only difference is if you lose that hand, you keep 85%”.
The game calculates your winnings and sends them to you immediately. It’s like an old arcade machine spitting out tickets. The map is big enough for all 300 players, and so it has a smaller 50-player freemium version that the company will use to acquire users.
The company uses the Solana blockchain because it is more energy efficient and could handle more transactions. As for gamers, Ryer said the people playing in this space today are not gamers. They are more like speculators and NFT buyers.
“We have the burden of bringing real players into space and we’re excited about that,” Ryer said. . “We are at the border. This is the landscape as it currently appears in Web3 games.
To play the game, visit https://discord.com/invite/br1metaverse.
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