Bittime - BlockGames, a decentralized game network focused on cross-chain , announced a new funding round of US$6 million. This funding round marks an important milestone for BlockGames in its mission to build an innovative and integrated decentralized gaming ecosystem.
Cypher Capital Leads Funding
Led by Cypher Capital, a leading venture capital firm in the blockchain space, this funding round was joined by other big names in the industry.
Some of the well-known investors participating include Newman Group, 32-Bit Ventures, Sfermion Capital, Maven Capital, Susquehanna, Aptos, Mapleblock, Cumberland, Based VC, Devmons, Estoty, Aquanow Ventures, Founderheads, 432 VC, and Presto Labs.
Apart from that, blockchain gaming industry leaders also participated in this funding. This shows strong confidence in BlockGames' vision. Some of the names involved include Jiho (co-founder of SkyMavis), Sebastien Borget (co-founder of SandBox), Brett Beller (former founder of Drizly and legal advisor to Coinbase), and Luke Wagman (founder of CoinMarketCap).
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Building a Cross-Chain Gaming Ecosystem
BlockGames aims to build a decentralized and connected network of players across various blockchain games. The network will be powered by universal player profiles, allowing players to carry their identity and assets across the various games integrated with BlockGames.
Thus, players can enjoy a more flexible and integrated gaming experience. This investment will be used by BlockGames to accelerate the development of its network and ecosystem, as well as attract game developers and studios to build on its platform.
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The Promising Future of Blockchain Gaming
This funding is proof of investor confidence in the future potential of blockchain gaming. BlockGames' cross-chain approach has the potential to break down current barriers, where players are usually trapped in individual game ecosystems.
With the integrated network that BlockGames has built, players can have greater ownership of their digital assets and enjoy a broader and more interesting gaming experience.
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Learn Complete Guide How to Buy Crypto on Bittime .
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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