‘Clash of Clans’ Maker Supercell Invests in Crypto Gaming Startup
Cell large Supercell, the corporate behind the smash cellular video games Conflict of Clans and Conflict Royale, has invested in crypto gaming startup Video games for a Residing as a part of a wider $3.2 million seed funding spherical.
Video games for a Residing (GFAL) was co-founded by Journey Hawkins, the unique founder and CEO of online game titan Digital Arts (EA). Performing as chief technique officer, the startup firm is creating video games based mostly round NFTs and crypto tokens.
With the recent injection of capital, the startup plans to develop its core group and speed up its manufacturing plans. This comes after the launch of its GFAL token sale, which introduced in $4.4 million in capital final yr. In keeping with CoinGecko, the worth of the GFAL token is up 235% since March 2023, although it has a comparatively low market cap at $42 million, making it the 748th most precious cryptocurrency in the marketplace as of this writing.
“I’ve had the pleasure of working along with the group earlier in my profession.” Supercell CEO Ilkka Paananen mentioned, in a launch. “We’re excited to be a part of their journey and see all the nice issues they’ll obtain.”
Alongside Supercell, this newest spherical of funding noticed funding from former gaming entrepreneur and online game govt Mitch Lasky, in addition to the previous co-managing director of esports event operator ESL, Heinrich Zetlmayer.
“GFAL has actually blossomed within the final yr,” Hawkins mentioned in a launch. “I’ve unimaginable respect for Ilkka, Mitch, Heinrich, and our group, and this funding proudly offers us a transparent imprimatur. We’re excited concerning the coming yr and have the assets to ship and proceed our progress.”
Final yr, the startup soft-launched the sport Elemental Raiders, solely releasing it in restricted elements of the world amid ongoing growth. The studio claims within the funding announcement that the sport has seen “regular enchancment” in efficiency and metrics since March 2023.
Edited by Andrew Hayward
