UAE-Based Game Firm Secures $10 Million Investment for Its Cloud Web3 Gaming Infrastructure
The Game Company, a UAE-based blockchain gaming infrastructure provider, has announced its latest funding round, aiming to accelerate the development of its innovative cloud gaming platform.
The fresh capital will be used to enhance the platform and its integration within web3 and web2 ecosystems, as stated by the company's CEO and co-founder, Osman Masud. This move is part of The Game Company's mission to make gaming accessible to people worldwide without any hardware or software restrictions.
Microsoft Azure has emerged as a key partner for The Game Company, with a focus on scaling operations in Latin America. The company's cloud gaming platform leverages the infrastructure of Microsoft Azure to provide lag-free gameplay on PCs, consoles, and other devices.
The latest funding round was co-led by Telcoin, BullPerks, Singularity DAO, and over-the-counter investments through NodeMarket. This round comes after a previous round in April 2023, which raised $5 million and closed at a post-money valuation of $40 million.
The Game Company claims to have already onboarded 500,000 waitlisted users for its cloud-gaming platform. In less than 48 hours, the company has completed over 41,000 on-chain transactions and created over 10,000 new unique wallets on the blockchain.
The company's service is similar to those offered by Nvidia through GeForce Now and Amazon's Luna, but its proprietary low-latency technology sets it apart. Players can play games like Call of Duty, Fortnite, Rocket League, and more from any device without specific hardware, software, or download requirements.
The Game Company's competitive edge lies in its proprietary patented technology, which allows it to compete within the industry with the power of blockchain. This technology enables true digital asset ownership, transparency, and new monetization models, setting it apart from traditional cloud-gaming services.
The blockchain gaming sector is rapidly growing, with major players like Animoca Brands and Gunzilla Games raising significant capital to develop blockchain-enabled games. Established AAA studios and well-known IP holders are entering collaborations with blockchain game developers, signaling industry maturation and a drive for sustainable value creation.
For the most accurate and detailed information about The Game Company specifically, you may need to consult the company’s official announcements or financial disclosures directly. The current search results do not provide specific data on The Game Company’s latest funding round, competitors, use of proceeds, and partnerships, but they do suggest that major blockchain gaming companies invest in developing new game titles with blockchain features, establishing strategic collaborations, and utilizing funding to expand technology infrastructure and foster developer ecosystems.
- The Data-and-Cloud-Computing service, Microsoft Azure, has been identified as a key partner for The Game Company, with a focus on scaling operations in Latin America, using their infrastructure to provide lag-free gameplay on various devices.
- The Singularity DAO, alongside Telcoin, BullPerks, and NodeMarket, co-led The Game Company's latest funding round, following a previous round in April 2023 that raised $5 million and closed at a post-money valuation of $40 million.
- With its proprietary low-latency technology and patented blockchain integrations, The Game Company's service offers a competitive edge, allowing for true digital asset ownership, transparency, and new monetization models, distinguishing it from traditional cloud-gaming services.
