81Ravens

Overview

81Ravens is a game development company focused on creating immersive Web3 gaming experiences. Founded in 2020, the company is based in Singapore. It has gathered attention in the gaming industry for its flagship project, Paravox, which is a 3v3 arena shooter utilizing blockchain technology. As of October 2024, 81Ravens has successfully raised $4.5 million in funding led by Digital Hearts Holdings and Gree Ventures. The investment is intended to enhance the development and marketing of Paravox, with plans to launch the game on the Solana blockchain and access broader platforms such as Steam.

Recent Developments

  • October 2024: 81Ravens announced a successful funding round during which it raised $4.5 million, with contributions from Digital Hearts Holdings and Gree Ventures. The funding will support further development of Paravox and its forthcoming Steam release, featuring on the Solana blockchain to enhance its Web3 functionalities.
  • October 2024: The company is gearing up to host a significant esports event for Paravox targeting Latin America, indicating its aggressive expansion into competitive gaming arenas. This event underscores 81Ravens’ ambition to establish Paravox as a global eSports competitor.
  • April 2024: Paravox entered its open beta phase, available on platforms such as the Epic Games Store. This stage followed a delay from the initially planned March 8 launch, allowing additional time for refinements.
  • October 2023: The commencement of the Paravox Global Rapid Tournament (PGRT), which attracted significant attention with over half a million viewers and showcased the game's competitive nature.

Company Information

AttributeInformation
Founding Date2020
HeadquartersSingapore
FoundersInformation not publicly available
RevenueInformation not publicly available
ProfitsInformation not publicly available
Key InvestorsDigital Hearts Holdings, Gree Ventures
IndustryGame Development, Web3
Number of EmployeesInformation not publicly available

Early History

81Ravens was established in 2020, amidst a burgeoning interest in blockchain-driven gaming solutions. Although details regarding the specific founders of the company are not readily available, its inception aligns with a period of notable innovation in integrating blockchain technology into mainstream gaming. The company focused early efforts on creating Paravox, which was poised to leverage the intersection of gaming and decentralized technology to attract enthusiasts from both spaces.

Company Profile and Achievements

81Ravens has positioned itself uniquely within the gaming industry by aligning with the Web3 boom, pledging to introduce groundbreaking titles that merge blockchain innovations with competitive gameplay. Its primary offering, Paravox, is crafted as a fast-paced shooter that emphasizes teamwork and agility, hosting competitive environments. The company has achieved several notable milestones:

  • Establishing Paravox as a potential eSports title by hosting major events like the Paravox Global Rapid Tournament (PGRT) that have drawn vast audiences and team participation.
  • Securing substantial funding that reflects investor confidence in its business model and future prospects.
  • Implementing blockchain technology by deciding to use Solana blockchain for enhancing game mechanics and player engagement strategies, showcasing cutting-edge integration in gaming.

Current Operations and Market Position

Presently, 81Ravens is recognized for its commitment to shaping the eSports landscape through Paravox, which is being marketed as a high-speed shooter with wide competitive appeal. The game's download success and open beta participation denotes its strategic incursion into the gaming sector, with significant traction across Asia and international markets. The company’s competitive advantage lies in its integration of Web3 mechanics which appeals to a niche demographic intrigued by decentralized and novel gaming experiences.

Conclusion

81Ravens stands at the vanguard of modern gaming companies that exploit Web3 technology to revise traditional gaming idioms. With Paravox, it showcases not only a potential lead in bringing blockchain to eSports but also demonstrates the capabilities of cross-discipline innovation. As they venture further into esports and international market expansion with continued developments planned, 81Ravens is well-poised to amplify its footprint in the gaming industry. The efforts in securing strategic investments and cultivating an ecosystem for Paravox denote exciting near-term prospects and long-term potential in reshaping competitive gaming.

References

  1. 81Ravens raises $4.5M for Paravox
  2. Esports Insider - Paravox LATAM Tournament
  3. Will Work For Games - Paravox Open Beta
  4. NFT Gators - Funding Round
  5. UnGeek - Paravox Open Beta