While there’s been plenty of news about upcoming Web3 games in recent months, few are focused on Web3 integrations for Web2 games. With its upcoming platform set to launch in beta in June, GamerGains wants to offer crypto rewards to traditional gamers.
GamerGains today announced a $5.8 million seed round led by Cadenza Ventures, with FTX, Winklevoss Capital, BlockFi, Tiger Global, Alumni Ventures, Lightbank, and others participating.
GamerGains’ browser-based application will reward gamers with its Solana-based cryptocurrency and SPL utility token $GAMER for playing existing AAA titles like Elden Ring, Grand Theft Auto V, Apex Legends, and Destiny 2.
Users will be able to connect Steam, Xbox, or PlayStation accounts to GamerGains’ platform to earn rewards, complete “challenges,” and compete in “wager contests” or even esports competitions.
Animoca Brands ‘Not Done Acquiring’ Studios to Make NFT Games: Chairman
Animoca Brands is a leading investor in blockchain gaming and NFT startups, but it also publishes its own NFT-powered games, including the Ethereum-based metaverse experience The Sandbox. And Animoca has been on a serious acquisition spree. Since the start of the year, Animoca has picked up development studios Eden Games, Darewise Entertainment, and Grease Monkey Games. And there may be more to come. “We’re not done acquiring,” Animoca Brands founder and Executive Chairman Yat Siu told Decrypt l...
According to GamerGains’ website, there also will be a DeFi component, with gamers able to earn $GAMER as interest by locking up their $GAMER tokens.
The main purpose of $GAMER is to provide exclusive access to gated products and features on GamerGains, a spokesperson for the company told Decrypt via email.
For GamerGains CEO and co-founder Jon Brovda, who comes from BlockFi’s client services and product teams, GamerGains is a “crypto-enhanced home for traditional gamers,” allowing them to monetize playing existing titles they already love.
Investors Poured $2.5B Into Crypto Games in Q1 2022: Report
A new report by DappRadar and the Blockchain Game Alliance (BGA) suggests that 2022 will be a benchmark year for crypto games developers. The report reveals that $2.5 billion in investments was raised in Q1 alone this year, adding that developers could see this figure balloon to $10 billion by the end of the year. Compared to previous years, these figures also suggest the niche has become a key sector for investors. In 2021, for example, just $4 billion was raised throughout the whole year. Th...
“Our vision for GamerGains is to combine our passion for traditional PC and console gaming with Web3 innovations, allowing gamers at all levels to play and earn through fair, transparent challenges, contests, and tournaments,” Brovda said in a statement.
GamerGains’s other co-founders are Jacob Brovda, who worked on product design at DraftKings, and Kane Jeong, previously a software engineer at productivity startup ClickUp.
While most blockchain gaming initiatives have been restricted to web browsers and PCs, console gamers will also be able to earn rewards through GamerGains’ platform later this year. And for those looking to track their rewards on mobile, GamerGains plans to release iOS and Android applications as well.
