Spellfire

Spellfire is a blockchain-integrated gaming startup based in Lithuania, founded in 2019. The company has recently secured a $3.80M Seed Round investment on 6th October 2021 from a notable group of investors including Genblock Capital, X21 Digital, DAO Maker, BullPerks, Faculty Group, Autonomy, IBA, International Blockchain Consulting, and Terranova ventures. Spellfire, known for its slogan "The magical world of Spellfire is waiting for you. Apply for citizenship and prepare for the battle with the dark wizard", has a rich history dating back to 1994. It has encountered challenges in the past, including acquisition by the company behind Magic: the Gathering, and subsequently faced difficulties due to strict rules and lack of corporate support, leading to a decline in its player base. However, 2021 marks the revival of Spellfire as it re-emerges with a new vision, integrating blockchain technology and a crypto token economy, offering NFT cards and a refreshed gaming experience across all platforms. This pivot demonstrates a strategic shift in line with the growing trends in the blockchain and gaming industries, positioning Spellfire for potential success in the evolving market.