Finance

Bazooka Tango Secures $5 Million in Funding for NFT Version of 'Shardbound'

Published November 17, 2023

Bazooka Tango, an innovative game studio, has recently secured a substantial investment of $5 million, which will significantly boost their efforts to complete and revitalize 'Shardbound', a strategy-based video game. The ambitious project involves the integration of Non-Fungible Tokens (NFTs) into the game's ecosystem, transforming it into an NFT game that leverages the capabilities of Immutable zkEVM.

Strategic Funding for Gaming Innovation

The investment received by Bazooka Tango will play a critical role in expanding the company's workforce. The newly acquired financial backing will enable the hiring of talented staff, furthering the game studio's commitment to quality and innovation. Bazooka Tango's focus now shifts to the advancement of 'Shardbound', ensuring that the game meets the expectations of a growing audience interested in the intersection of gaming and blockchain technology.

A Revived Vision for 'Shardbound'

'Shardbound' which had been previously in development but faced challenges, is now poised to make a remarkable comeback thanks to Bazooka Tango's latest funding round. By incorporating NFTs into gameplay, the game is expected to offer a unique and engaging experience. Integrating blockchain technology is becoming more common in the gaming industry, presenting opportunities for players to own assets and potentially earn rewards.

Impact on the Gaming Industry and EA's Position

The growing trend of incorporating blockchain technology into video games signifies a pivotal shift in the gaming industry. This move by Bazooka Tango might influence other gaming companies to explore the potential of blockchain and NFTs. Companies like Electronic Arts Inc. EA, a leading game company with significant market presence, could be paying close attention to these developments. EA, renowned for its position as the second-largest gaming company by revenue and market capitalization in the Americas and Europe as of May 2020, might consider similar technologies for future projects.

BazookaTango, investment, NFT