Delabs Completes Second Round Of Funding Taking It To $12 Million Raised So Far

Delabs has completed a funding round, taking the total amount of funds raised so far to $12 million. This is coming after the launch of the invite-only playtest of Rumble Racing Star, the platform’s highly anticipated kart racing game.

Delabs Initially Raised $4.7 Million In Seed Funding

The latest funding round comes after Delabs initially raised $4.7 million in seed funding. The funding was championed by Hashed. According to Delabs, the goal is to continue expanding the footprints of web3 technology, especially in the gaming industry.

The platform has several projects it has lined up for the future. Its portfolio includes Metabolts, Space Frontier, and Rumble Racing Star – each serving different audiences and gaming preferences.

Compared to games like Mario Kart, Rumble Racing comes with a virtually lighter character style the game allows players to use their NFTs for racing, with each NFT having unique abilities. Also, Metabolts and Space Frontier give players more control and allow them to shape certain phases of the game, like its levels, modes, and items.

The platform says it’s looking to recreate the success of that game in its next gaming titles. This is why Rumble Racing Star has emphasized inclusivity, as it features humor-like weapons and expressive characters.

Delabs has a philosophy of using a robust esports system, cross-platform compatibility, and a wide audience appeal. The company wants a seamless integration of web3 elements to make sure that players do not need to download additional wallets. It offers ease of use and an immersive gaming experience.

Delabs Plans To Launch Its $DELABS Token

Delabs is the subsidiary of the South Korean gaming platform 4:33. As the web3 arm, Delabs is not only involved in Rumble Racing Star. The platform has other projects it is working on, which include the development stage of the Unreal shooter Space Frontier as well as the NFT mint of dystopian RPG Metabolts on February 26.

Delabs plans to unveil its $DELABS token launch as well as its whitepaper v1. The company stated on its official X page that the additional funding will be used to build and expand the platform for the long term.

Delabs Games investor, Polygon Ventures, has commented on the development, expressing excitement in the firm’s goals and vision. “The team is combining traditional gameplay with the dynamic potential of web3,” Polygon stated.

Additionally, Delabs stated that its $DELABS token will be launched this year. This shows the firm’s commitment to exploring web3 gaming possibilities.