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AR Game Raises $3.5m Through Initial Coin Offering

Date Type Companies involved Size
September 29th, 2017 other Reality Gaming Ltd $3.5m
AR Game Raises $3.5m Through Initial Coin Offering

Reality Gaming Group has raised $3.5m by way of an Initial Coin Offering (ICO) to fund its AR FPS game, Reality Clash. The company had initially set a minimum fundraising target of $1.5m (see previous article), however, following Reality’s full ICO opening on 29th August, they have now raised more than double that target.

 

ICO What Now?

ICO is a form of crowdfunding whereby investors pay for crypto-currency, in the case of Reality Clash, “RCC Gold tokens”, ahead of the game’s release, but can then use this new currency/tokens in-game upon release. Reality Clash is set to release in Q3 2018 on iPhone and Android devices. The FPS game will see players invite each other to enter real-time combat using AR on their mobile screens.

 

 

Reality Gaming Group will celebrate this fundraising success by starting a competition for a personalised machine gun for use within the Reality Clash game. Co-founder Tony Pearce said, “This competition is a bit of added fun and our way of saying ‘thank you’ to our community of investors”. The winner will be the largest investor come the end of the ICO sale, at 5pm UTC on 29th September (today).


Intern Staff Writer

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