Spellfire Completes Seed Funding Round – Terranova, x21, Autonomy Capital Among Top Investors Onboard

Published by
Spellfire Completes Seed Funding Round – Terranova, x21, Autonomy Capital Among Top Investors Onboard

Spellfire, a legendary card-based NFT game powered by Ethereum and incorporating some unique features, has successfully completed its seed funding round.

Terranova, x21 and Autonomy Capital have led 360,000 USD investment into the project, with more investors eyeing spellfire’s incoming private round.

Spellfire has some unique features which make it stand out among its peers in the industry. 

  • NFTs acquired are digital and physical, making it the first NFT based game that allows owners to touch their NFTs.
  • Special NFTs have an “Augmented Reality” feature allowing the owners to interact with their NFTs using gestures.
  • NFTs will be upgradable.
  • Players can create their own NFTs with unique characteristics.

Spellfire includes a P2E mechanic which allows owners to generate revenue from their NFTs and from playing the game, with 200,000,000 tokens being distributed through in-game rewards: Tournaments, Special collections, Achievements, and 90 percent of NFT generated profits going directly back to the owners.

NFTs have been gaining massive interest from investors; the industry has seen a growth of 2100 percent in the first quarter of 2021 compared to the previous quarter, according to CrunchBase, marking 2 billion USD in revenues. In July of 2021, the industry saw a massive 1.5 billion USD influx, more than half of the accumulated gains of the year’s first quarter.

P2E games have had similar success. According to the latest report published by the Blockchain Game Alliance (BGA), more than 804,000 unique users have played on one or more of the available Playtoearn (P2E) gaming platforms, increasing the market for unique and active wallets by 121%.

Find out more about spellfire here.

Advertisement
Share
Stan Peterson

A USA-based blockchain enthusiast deeply involved in diverse crypto projects. With a knack for insightful reviews, I navigate the dynamic crypto landscape, offering a unique perspective on ICOs, DeFi, and NFTs. Let's connect and explore the limitless possibilities of digital transformation! Reach me out @ : stonehedge.miner@gmail.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

$7B Virtu Financial Holds $63M XRP as Whales Accelerate Daily Sell-Off

Virtu Financial, a $7 billion Wall Street firm, has revealed $63 million in XRP holdings.…

November 1, 2025
  • News

Breaking: Coinbase Nears $2B Deal to Buy Stablecoin Platform BVNK

Coinbase is reportedly closing in on a $2 billion acquisition of stablecoin infrastructure startup BVNK.…

November 1, 2025
  • News

Coinbase CLO Fires Back at Senator Murphy Over ‘Corruption Factory’ Claim

Coinbase’s Chief Legal Officer, Paul Grewal, has publicly criticized U.S. Senator Chris Murphy. The lawmaker…

November 1, 2025
  • News

Crypto Prices Rise: Why Are BTC, ETH, LTC, XRP, SHIB, and ADA Up Today?

Major crypto prices saw solid gains after a week of downturns. Bitcoin, Ethereum, Litecoin, XRP,…

November 1, 2025
  • News

Michael Saylor’s Strategy Eyes S&P 500 Spot Amid Bitcoin-Backed Credit Products Launch

Michael Saylor’s Strategy is setting its sights on the S&P 500 as it pushes forward…

October 31, 2025
  • News

Bitcoin White Paper Turns 17 Today as Satoshi’s $120B Fortune Climbs $2.8 Billion

Seventeen years ago today, Satoshi Nakamoto emailed a nine-page document that changed the world. It…

October 31, 2025