Stella Fantasy Raises $6M USD to Launch NFT-Based Fantasy RPG Combat Game

Ring Games announced the closing of a private funding round on Monday that raised USD $6 million for the launch and ongoing development of its game Stella Fantasy, an RPG combat game with NFT integration on the Binance Smart Chain (BSC).

“We would like to introduce a genuine 'Play and Earn' game for global gamers within this year,” said Ring Games CEO Jooho Yun in a September 12 news release.

Krust Universe, a tech company incubator and blockchain development company, was a lead investor in the funding round. Krust Universe is currently developing a metaverse-focused blockchain ecosystem called Klaytn.

According to the release, Krust Universe wants to nurture promising global projects “which could contribute to the development of (the) Klaytn ecosystem.”

The game, built with the Unreal 4 engine, will use both BSC and Ethereum at launch, according to its official Discord channel, but the development team wasn’t available prior to publication to comment on details, or whether the game would eventually switch to the Klaytn blockchain.

The game’s whitepaper notes that: “NFT games in the current market seem insufficient in terms of being ‘games’ themselves.” By contrast, Stella Fantasy aims to “break away from the outdated graphics and simple gameplay mechanics prevalent in the existing NFT game market to create (a) more complete and full-fledged game.”

Tradeable NFTs for the game will come in the form of characters, equipment, and other loot found, earned, and crafted during gameplay, all of which will be held in players’ game-connected wallets.

Ring Game’s Jooho will be giving a talk about Stella Fantasy on September 15 at the upcoming Binance Blockchain Week Paris 2022, which takes place from September 14-16. Stella Fantasy is the only Web3 game featured among the five projects that will be showcased at the event.

An NFT pre-sale of two types of limited characters for the game will begin on September 14, and minting will take place on September 14 and 15 on the Stella Fantasy Marketplace. The NFTs will be sold for BNB tokens and will be available exclusively during the presale.