The renowned South Korean game company has announced that it has raised $12 million in funding rounds. The achievement is after Delabs’ kart racing game, Rumble Racing Star, passed the invite-only playtest successfully.

Furthermore, the team released their whitepaper v1 and announced their $DELABS token launch. An investor in Delabs Games, Polygon Ventures, expressed its confidence in the company and said, “The team is combining traditional gameplay with the dynamic potential of Web3.”

Additionally, Delabs is actively working on other projects apart from Rumble Racing Star, including the NFT mint of the dystopian RPG Metabolts that occurred on February 26th. The company is also in the process of developing Unreal Shooter Space Frontier. Hence, Delabs has raised $12 million for three games in total.

The plans for Delabs’ $DELABS token launch are scheduled for 2024, showcasing the company’s commitment to exploring opportunities in the Web3 gaming space. 

Delabs’ Gaming Background

The company has previously raised $4.7 million in seed funding, which Hashed led. There are three titles in Delabs’s gaming portfolio, including Rumble Racing Star, Space Frontier, and Matbolts, each catering to different gaming dimensions.

Not to mention, Delabs Games focuses on catering to a wide audience with cross-platform compatibility and offering a vibrant ecosystem for gameplay. The games are integrated with Web3 elements to provide a seamless experience.

Delabs’ game Rumble Racing Star features expressive characters, humor-infused weapons, and a visually simple style. Players can also get NFTs with unique abilities in the game. The other games, Space Frontier and Metabolts, are more on the creative side, with players being able to shape items, modes, and levels.

The company completed a playtest for the dystopian RPG Metabolts from January 22nd to January 26th. The goal was to gather feedback on the game for further improvements. Metabolts is one of the three flagship games by Delabs and is set in a future world on the verge of devastation. The CEO of Delabs, Joonmo Kwon, expressed his enthusiasm for the playtest.

In a recent interview, Kwon also highlighted the potential of Web3 games and the success Delabs can have with the new titles. Delabs is trying to advance the Web3 gaming space and attract enthusiasts by providing an immersive gaming experience.