A November 15, 2024 press release says Nexgen Entertainment Inc. secured $10 million in private funding led by NewTribe Capital, with proceeds intended to expand its game Epic Ballad: Rise of Heroes. The announcement is not independently verified by the sources available, and it does not establish that the planned improvements have since been delivered.
What the funding announcement claims
The syndicated announcement, published by Binary News Network and republished by Digital Journal, describes a $10 million private funding round led by NewTribe Capital. It says the money would support Epic Ballad’s game content, gameplay features, user experience, and expansion into additional markets. Those are the company’s stated plans, not verified spending or completed product changes. Read the November 15, 2024 announcement on Digital Journal.
A TechAnnouncer copy dated November 14, 2024 repeats the financing claim, but it does not provide independent corroboration. The available sources do not include transaction documents, financing terms, or independent confirmation that the round closed.
What Epic Ballad is, according to its project materials
Project documentation describes Nexgen Entertainment Inc. as a subsidiary of Nexgen Game Inc. and the operator of Epic Ballad: Rise of Heroes. It presents Epic Ballad as a mobile strategy game with blockchain features and identifies EBC as its associated token. These are project descriptions, not independent assessments of the game’s operation or token economics. See Epic Ballad’s project documentation.
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In October 2024, an LBank announcement hosted by Newsfile said EBC/USDT was planned for listing on October 12, 2024. That historical announcement does not establish whether the game is currently available or whether EBC is currently trading, liquid, or accessible in a particular region. Read the October 2024 LBank announcement.
What the announcement does not establish
- Whether the financing was completed: the $10 million figure and NewTribe Capital’s lead role come from the press release; independent confirmation and transaction terms were not found.
- Whether the money produced specific changes: the release lists intended uses, but the sources do not document completed features, content updates, or market launches tied to the funding.
- Current token or game conditions: claims in the 2024 releases about EBC’s price movement, trading volume, token supply, and user reach are not independently verified here and do not establish present conditions.
The funding story is therefore best read as a company-reported financing announcement and a statement of intended investment in Epic Ballad, rather than proof of independently confirmed financing or subsequent growth.
Quick Recap
Best Value
Rank #4
- Official Steamforged Games Epic Encounters: Local Legends products featuring legendary creatures and ready-to-run fantasy encounters.
- Each set includes detailed miniatures and encounter content designed to create exciting battles with minimal preparation for game masters.
- Compatible with 5e-inspired fantasy roleplaying games, making it easy to add memorable encounters to new or ongoing campaigns.
- Use as standalone adventures or combine with other Epic Encounters sets to expand your world with unique monsters and legendary foes.
- Ideal for roleplaying groups, game masters, collectors, and miniature enthusiasts looking to enhance fantasy tabletop adventures.
Rank #3
- Official Steamforged Games Epic Encounters products, including encounter boxes, adventure sets, expansions, accessories, and curated bundles for fantasy roleplaying games.
- Expand your tabletop adventures with legendary creatures, memorable encounters, detailed miniatures, and immersive gameplay resources for exciting campaign sessions.
- Compatible with 5e-inspired fantasy roleplaying games, making it easy to incorporate encounters into new adventures or existing campaigns.
- Use compatible products individually or combine multiple sets to create custom adventures, unique storylines, and challenging fantasy encounters.
- Ideal for game masters, roleplaying groups, collectors, and miniature enthusiasts seeking ready-to-run encounters with high replay value.
Rank #2
- Epic is a fantasy card gam which aims to recreate the TCG-style experience from a single box, with no additional purchases required
- Epic is a card game designed to start quickly but also to reward deep, strategic plays.
- In Epic, you take on the role of an elder god, in conflict with other elder gods.
- The cards in your deck are your champions, who fight for you, and events, which represent your will imposed on the mortal realm.
- The turn sequence is easy but there are many options to choose from
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