'Lords of Light' NFT Game Studio Raini Reveals New Owners, RST Token on Beam
'Lords of Light' NFT Game Studio Raini Reveals New Owners, RST Token on Beam
Raini Studios is now part of a joint venture, and the firms have already begun development on a new unannounced combat game.
Crypto infrastructure firm Ceden and the studio behind the NFT collection Kanpai Pandas have bought and acquired Raini Studios, the firms announced Wednesday.
The new joint venture is called RJV International DBA Raini Studios, according to a post from the Raini team. The team’s token, RST, is a consolidation of its previous RAINI and PHOTON tokens and will now live on the Avalanche subnet Beam, a gaming network, per CoinGecko data. The token was apparently deployed in late November.
Together, the three teams have already begun work on a new game that they say uses one of the largest combat game IPs in the world, they shared in a Twitch stream. The name of the IP has not yet been revealed, but Ceden co-founder and game industry veteran Michael Haller shared that more details will be revealed “shortly.”
Raini Lead Designer Marty Burgess is now a part of the new, larger studio, and the entire Raini team will stay on post-acquisition, the studio confirmed to Decrypt. Raini Studios is primarily known for its digital trading card game Raini: The Lords of Light, which offers a free-to-play Hearthstone-like gaming experience with tons of crypto memes and optional NFT cards.
Ceden CEO Alex Moody will oversee the new studio post-acquisition. Haller, who previously worked at Electronic Arts and on English versions of anime films like “Akira” and “Ghost in the Shell,” is the new studio’s head of gaming and will lead development on the unannounced combat game with the Raini team.
“Think of this as additive. It’s Raini Studios plus,” Moody said of the news in a Twitch stream Wednesday.
Burgess called the acquisition an “incredible opportunity” to keep the Raini team together.
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