Banger Games has announced raising €10m in order to become the first gaming hub that aggregates players’ gaming experiences, while adding a second layer of rewards based on in-game and community objectives.
As the gaming industry has become more focused on profits, walled-gardens and microtransactions, and less on fun, Banger Games said its mission was to establish one shared currency and economy for gamers to free them from the current walled-gardens.
It is hoped gamers will have opportunities to compete, challenge themselves, earn, trade and enjoy their gaming experience to its fullest.
When asked about current needs in the market, Borja Villalobos, CEO at Banger Games, commented that “as the industry has exploded in different directions (Crypto, Metaverse,VR, Indie Publishers, Play to Earn), we became certain that gamers feel more disconnected than ever”.
“Banger is the platform aimed at unifying this ever-increasing ecosystem into one central point in the gaming universe,” he said.
Charlie Hu, a managing partner of Lucid Blue Ventures added that “as the blockchain gaming industry slowly grows out of its shell, it will need hubs and safe places to learn and evolve for gamers and even publishers”.
“We feel that bangers is set to become this pillar in the industry that helps it through that process and beyond,” he said.
Some of the investors in the round include Avalanche, Shima Capital, GSR , Flori Ventures, Poolz Ventures, G20, LucidBlue Ventures, Belobaba Fund, Squares Capital, CSP DAO, Halvings Capital, OIG Capital, BigCoin Capital.
The round also included angels such as co-founder of Polygon, Jaynti Kanani, DAOs and communities like Neo Tokyo.
Kanani was quick to hail his investment in Banger Games as an easy decision.
“I love the idea of leveraging activity across different games empowering users to monetise their gaming experiences,” he said.
“This is why the Bangers approach and the team they’ve assembled to make it happen has resonated with me from day one.”
The platform will also feature automated SMART Tournaments executed through smart contracts.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.
