LOS ANGELES, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Future Trash, a multidisciplinary creative studio, announced today that it has secured $5M in venture capital funding led by TIRTA and General Catalyst. The funding will be dedicated to Future Trash's flagship original IP, FOAD, which leverages Fortnite's Unreal Editor (UEFN) tools and ecosystem to create a User-Generated-Content (UGC) native video game franchise.
FOAD's are anthropomorphic explosive devices that cause all kinds of chaos and destruction across their network of games in the Fortnite metaverse.
While the AAA gaming market faces its challenges, there is a tectonic shift in the games industry with the rise of UGC gaming platforms such as Roblox and UEFN. Solo or small teams of developers have the ability to reach massive audiences quickly, and require very little capital to ship full games. With UEFN still in its early stages, FOAD has a plan to incubate brand awareness for their original IP through a network of games. Having already crossed a major milestone of 20M unique players and 1B minutes of playtime, the FOAD universe has begun to take shape.
"We believe Fortnite is the future of original IP development," says Kevin Marciano, Co-founder and CEO. "The numbers we are able to achieve on the platform are truly staggering. Epic has ...
