GamerGains, the First-Ever Play-and-Earn Platform for PC & Console Players
Cadenza Ventures led a $5.8 million seed spherical for GamerGains, with participation from FTX, Winklevoss Capital, BlockFi, Tiger International, Alumni Ventures, Lightbank, and others.
For enjoying current AAA titles like Elden Ring, Grand Theft Auto V, Apex Legends, and Future 2, GamerGains’ browser-based software will reward players with their Solana-based cryptocurrency and SPL utility token $GAMER. Customers might hyperlink their Steam, Xbox, or PlayStation accounts to the platform to earn rewards, full “challenges,” and take part in “wager contests” and even esports occasions.
There will even be a DeFi element with players capable of earn $GAMER as curiosity by locking up their $GAMER tokens.
“Our imaginative and prescient for GamerGains is to mix our ardour for conventional PC and console gaming with Web3 improvements, permitting players in any respect ranges to play and earn by way of truthful, clear challenges, contests and tournaments,” stated Jon Brovda, Co-Founder and CEO of GamerGains. “GamerGains is designed to be a crypto-enhanced house for conventional players – with ongoing assist for his or her favourite consoles and titles – and we’re thrilled to have an unbelievable group of traders supporting that imaginative and prescient.”
Jacob Brovda, a product designer at DraftKings, and Kane Jeong, a software program engineer at productiveness firm ClickUp, are the opposite GamerGains co-founders.
Whereas most blockchain gaming initiatives have been restricted to internet browsers and PCs, this platform will permit console gamers to obtain rewards later this 12 months. The platform additionally desires to create iOS and Android apps for people who need to monitor their prizes on the go.
“GamerGains possesses key parts we search for in an funding: a big addressable market, well-defined and compelling services or products with a transparent aggressive benefit, and an impressive workforce,” stated Max Shapiro, Co-Founder and Managing Companion of Cadenza Ventures. “We have been early traders in BlockFi, the place Jon was a foundational member of the workforce and contributed to the spectacular development of the enterprise. That have, mixed with the workforce’s pleasure and motivation, will revolutionize the gaming house.”
“The mix of gaming and Web3 presents thrilling alternatives, and GamerGains has demonstrated the readability to deal with essentially the most devoted gaming lovers with deep and sturdy communities,” stated Kooshul Jhaveri, Investor, Tiger International. “The workforce’s understanding that conventional gaming is on the coronary heart of this evolving market, and but stays underserved for the longer term, units them aside.”
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