THELOGICALINDIAN - Community Gaming closes a allotment annular led by CoinFund
Community Gaming has aloft a seven-figure sum in a berry allotment round.
Community Gaming Closes Seed Funding Round
Community Gaming, a gaming startup alive to automate the alignment and payouts of esports tournaments, today appear the achievement of a berry annular for $2.3 million, led by the blockchain-focused advance firm, CoinFund and above crypto ecosystem players, including Dapper Labs, Animoca Brands, Multicoin Capital, 1kx, Warburg Serres, and Hashed.
Venture funds and angels from the gaming arena additionally contributed, including Kevin Durant’s and Rich Kleiman’s Thirty Five Ventures, Marc Pincus’s WorkPlay Ventures, Play Ventures, WhaleShark, and GenG Esports and Rally Network architect Kevin Chou. The berry advance follows an beforehand pre-seed advance by ConsenSys.
What Is Community Gaming?
Community Gaming is a belvedere that delivers a seamless clash acquaintance application acid bend blockchain technology for the administration of rewards. The afflatus for the activity comes from the acquaintance of its founders hosting LAN tournaments in New York City back 2024.
Across 200 events, the aggregation saw immediate the challenges in bearing grassroots gaming tournaments stemming from backward acquittal methods and bizarre clash software. CommunityGaming.io was built-in to abode these affliction credibility and launched in backward 2024.
Community Gaming provides a web app for registration, clash bracket management, and amateur payments facilitated by broadcast balance technology. Credit agenda affiliation facilitates fiat-to-crypto onboarding with the absolute acquaintance advised to be as seamless and beginner-friendly as possible.
Tournament organizers can actualize a clash in beneath than 5 account by aboriginal abutting an absolute MetaMask wallet, or alternatively, breeding a new non-custodial wallet with a distinct click.
Organizers can again baptize the clash format, forth with rules and payout methods; the belvedere automatically manages the bracket for them. Likewise, participants can actualize their CommunityGaming.io account, affix or accomplish a new self-managed wallet, and accompany one of the alive tournaments.
Currently, tournaments can be deployed on the Ethereum mainnet, Binance Smart Chain, and Polygon with fees as low as 1/50 of a penny. Payouts are anon and automatically beatific to the winners’ affiliated wallets at the cessation of the tournament.
Investments Will Help International Expansion
The advance annular will advice Community Gaming aggrandize its attendance into Latin America and South East Asia as the aboriginal absolute blockchain-enabled acquittal band-aid in the gaming space.
The platform’s closing rewards affairs will accredit awful affianced users to access their balance abeyant by commutual account quests. The contempo advance will additionally acquiesce for accelerated development of this rewards affairs as able-bodied as added circuitous acute affairs for alliance play.
“We are aflame to accept acquired abutment from above players in both the blockchain and gaming industries as we seek to accompany web3 acquittal technology to millions of gamers common and advice advance the about-face appear Play2Earn gaming ecosystems.” said Chris Gonsalves, CEO of Community Gaming.
“Community Gaming has created a admired belvedere for esports that enables the association to thrive,” said Jake Brukhman, Founder and CEO of CoinFund. “The aggregation has taken the world’s renewed absorption in gaming to new heights and bigger on challenges adverse online gaming. We are acquisitive to abutment their connected success in authoritative esports tournaments seamless and enjoyable.”
Community Gaming is the all-in-one belvedere alms esports basement to all key stakeholders in the industry. Through its seamless UX and awful scalable blockchain acquittal technology, the belvedere equips players, organizers, and bold developers with the accoutrement they charge to create, facilitate, and participate in esports tournaments.
Contact Dan Edelstein ([email protected]) for added information.
