AR gaming firm begins second funding round
London-based Reality Gaming Group, the publisher of the mobile augmented reality combat game Reality Clash, is embarking on its second funding round of £1.5m.
Both private and retail investors will be able to purchase ‘tokenised’ equity for its planned expansion next year on investment platform TokenMarket.
The firm will use the funds to accelerate the development of its flagship mobile game Reality Clash, a multiplayer game that uses a mobile AR and in-game trading via blockchain technology.
Co-founder Tony Pearce said: "Reality Clash has proven to be a hit game with real resonance - think Pokemon Go meets Call Of Duty, with tradable player-owned assets.
“We're tremendously excited to be embarking on the next phase of Reality Gaming Group's growth. As one of the first games companies to have raised capital via a utility token sale in 2017 and, successfully delivered on a blockchain based game, it's great to offer investors a chance to share in our success by owning a piece of Reality Gaming Group's shares."
The’firm has announced its intention to license its twin technology platforms for use by third party developers.
Ransu Solavarra, CEO of TokenMarket, said: "Since their initial funding round in 2017, Reality Clash app has seen phenomenal growth with 40,000 active users having played the game to date.
“They [Reality Gaming Group] encompass all the attributes we want to showcase to our investors. They are an innovative, unique, future-tech company that brings forth a revitalisation of gaming culture.
“We are delighted to be supporting the next stage of development by offering Reality Gaming Group's tokenised equity to our community of investors."