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      "author": "Zac Wang",
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      "description": "Red Door Digital is a gaming studio developing AAA-quality Web3 video games. The startup has raised a $5 million seed round;; led by M6;; Maven Capital;; and Shima Capital. See the key slides from the pitch deck it used to convince investors to back its fundraise.  Singapore-based Web3 gaming studio Red Door Digital in March raised $5 million seed round;; which it plans to use to further develop high-quality video games for Web3.  The games will leverage blockchain technology and incorporate play-to-earn models;; cross-chain decentralized finance;; or DeFi;; infrastructure;; and interoperability with non-fungible tokens;; the startup said.   Play-to-earn games;; such as \"Axie Infinity;;\" let users earn money – usually in the form of tokens — by progressing through the game. Red Door charges trading fees on the buying and selling of NFTs in its games.  The company;; founded in 2021;; has three games under development: \"Reign of Terror;;\" billed as a \"cyberpunk MMO;;\" which will feature in-game characters and items available as NFTs; \"Dinohorse Saga;;\" a casual racing and battling game; and \"Project Synth;;\" a sci-med battle royale-style game.  \"We don't focus on Web3 at the expense of the game. Both parts play a role;;\" said Joseph Derflinger;; CEO of Red Door Digital. He added that most Web3 games so far have lacked playability.   The company has recently stated an intention to build \"AAA-quality\" games;; which refers to high-budget;; high-profile games typically produced and distributed by large gaming studios.  Red Door Digital said it won't be just releasing Web3 gaming titles;; however. It is also building Web3 infrastructure that is intended for use in third-party studios' games as well as its own;; and it's already in talks with top-tier game studios looking to expand into GameFi;; the company said.  Investors in the seed round included M6;; Shima Capital;; Maven Capital;; Cryptology Asset Group;; and LucidBlue Ventures.  Check out the key slides from Red Door Digital's seed round investor deck.",
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