Coin Journal learned that the German blockchain game studio Gungzilla Games announced $46 million in new funding. Which was co-led by Republic Capital and included Coin Journal’s parent company. 

Founded in 2016, Gunzilla Games is the studio behind the popular mobile game “Sky Hunters”. The game was released in 2017 and quickly became a top-grossing title. Making Gunzilla one of the most successful startups in the gaming industry.

With the new round of funding, Gunzilla plans to expand its team and continue developing new AAA games.

“We’re thrilled to have the support of Republic Capital and our other investors as we continue to grow Gunzilla,” says Gunzilla CEO Vlad Korolev.

Constructing the groundwork for “Off The Grid” 

The new investment round will enable the company to create GunZ. A new platform that gives gamers complete control over their in-game belongings. It will also serve as the foundation for “Off The Grid” (OTG).

GunZ will also be the first game to offer Gunzilla’s unique “Play-To-Earn” model. Which allows players to earn GunCoins (GUNZ) by playing the game and completing in-game tasks. These GunCoins can be used to purchase in-game items or traded on secondary markets.

One of its most fascinating aspects is the “in-game item trading.” Players will be able to purchase fresh in-game items from other players, which has not happened before.

GunZ will also let players “earn” GunCoins by playing the game and completing in-game tasks. These GunCoins can be used to purchase in-game items or traded on secondary markets.

Animoca, KuCoin Labs, Jump Crypto among investors 

Among the key participants in the investment funding round were Animoca Brands, Spartan Investment Group, Jump Crypto, and Griffin Gaming Partners. CoinFund, Shima Capital, Dominance Ventures, KuCoin Labs, GSR and Raptor Group.

Other investors include AlphaCrypto Capital, Blizzard, Gamegroove Capital, Digital Strategies, Morningstar Ventures, NGG (formerly known as NiceHash), and Huobi Group. They will help maintain the technical infrastructure of the project.

Evolving the nucleus gaming adventure 

Never will Gunzilla mask game features or progress behind a legalized paywall, and players will not be offered NFTs directly. Trading is entirely optional. The creators of the game think that the new platform will alter players’ fundamental gaming adventure.

Gunzilla has a very ambitious goal: to create the world’s first AAA game with integrated blockchain technology. The project aims to raise $46 million in a Republic Capital-led round to make this dream a reality.

The Gunzilla team includes some of the gaming industry’s top talent, including former employees of Blizzard, Riot Games, and Oculus. Gunzilla’s CEO, Steve Wozniak, is a co-founder of Apple.

Gunzilla cofounder and CEO Vlad Korolev says: 

“Nothing you buy in a free-to-play game is yours. You can’t and don’t own anything. Players who are banned might lose all of their belongings, even if the penalty was unintended. When you stop playing a free-to-play game, your investment in it evaporates. We’re reinventing the system to give gamers control over it again.”

In-game, players may exchange gear, weapons, personalized characters created by them, and other items.  

Brian Johnson, a Senior Director at Republic Capital, adds:

“We are believers in the free-to-play game industry’s dominance, and we expect that Gunzilla will be a trailblazer by incorporating a voluntary crypto component into these games. With next-generation consoles on the horizon, we anticipate that future crypto gaming will include next-gen systems.”


Republic Capital led the round with $46 million, with Gunzilla co-founder and CEO Jesse Johnson contributing $2 million of his own. Gunzilla will use the funds to continue building out its team and technology, with a focus on developing next-gen consoles.

Gunzilla is a gaming company that allows gamers to trade in-game items using cryptocurrency. The company was founded in 2017 by Jesse Johnson, a former professional Counter-Strike player.

James Atkins

I have been writing copy for blockchain-related projects since 2017. I understand the importance of being able to communicate clearly and effectively with both technical and non-technical audiences. By leveraging my understanding of the crypto industry trends, I can help increase adoption in this rapidly evolving landscape.