Reality Gaming Group set to expand by selling tokenised equity

Funding | South East | Technology

Reality Gaming Group, publisher of the world’s first mobile augmented reality (‘AR’) combat game Reality Clash, is embarking on its second funding round. Both private and retail investors will be able to purchase tokenised equity for its planned rapid expansion in 2020.

Reality Gaming Group will use the funds to accelerate the development of its flagship mobile game Reality Clash, an action-packed multiplayer shooter that combines a mobile AR platform and in-game digital asset trading marketplace using blockchain technology.

Tony Pearce, Co-Founder of Reality Gaming Group, said: “Reality Clash has proven to be a hit game with real resonance – think Pokemon Go meets Call Of Duty, with tradable player-owned assets. We’re tremendously excited to be embarking on the next phase of Reality Gaming Group’s growth. As one of the first games companies to have raised capital via a utility token sale in 2017 and, successfully delivered on a blockchain based game, it’s great to offer investors a chance to share in our success by owning a piece of Reality Gaming Group’s shares.”

In addition to supporting the development of Reality Clash, the funds raised will also be used to build new games based on the same AR and blockchain platforms, creating an ecosystem that the tokenised in-game assets can be used in.

Ransu Solavarra, CEO of TokenMarket, added: “Since their initial funding round in 2017, Reality Clash app has seen phenomenal growth with 40,000 active users having played the game to date. They [Reality Gaming Group] encompass all the attributes we want to showcase to our investors. They are an innovative, unique, future-tech company that brings forth a revitalization of gaming culture. We are delighted to be supporting the next stage of development by offering Reality Gaming Group’s tokenised equity to our community of investors.”

Reality Gaming Group recently joined the Blockchain Game Alliance (BGA), with board members including Ubisoft, Enjin, Ultra, Consensys, Alto.io, EverdreamSoft, Gimbl and B2Expand.

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