Vermilion Studios has landed $7 million in funding, paving the way for their next big hit, "Forgotten Playland." This Web3 social party game, backed by Merit Circle among other major investors like Paper Ventures and Spartan Group, is set to launch in Q1 2024.

Forgotten Playland is not just any game. It's a vibrant world where toys forgotten by time come back to life, inviting players into a series of minigames. The recent funding not only highlights the game's potential but also signals a strong belief in its success from some of the biggest names in Web3. 

Marco van den Heuvel from Merit Circle shares his excitement, seeing Forgotten Playland not just as a game but as a flagship project with tons of possibilities. The game introduces players to an attic filled with toys, each with its story and adventure. 

Already, Forgotten Playland boasts two thrilling minigames: Bump-A-Ball and Jungle Rumble. Bump-A-Ball challenges you to outlast your opponents on a shrinking platform, while Jungle Rumble offers a wild race for survival amidst a jungle-themed area. These games promise fun and a competitive edge that keeps players coming back for more.

The news also comes on the heels of Paper Ventures announcing a $25 million fund to boost early-stage projects in Web3 gaming. Their support for Forgotten Playland signifies a strong vote of confidence in the game's unique style and potential to captivate players worldwide.

With a release date on the horizon, Web3 gamers are abuzz with excitement for Forgotten Playland. Its unique premise, with the support of heavyweight backers, sets the stage for what could be a groundbreaking entry into blockchain gaming.