Quick take:
- The Game Company previously raised $5 million at a $40 million valuation in April 2023.
- The latest fundraising was led by Telcoin and its CEO Paul Neuner, BullPerks and Singularity DAO.
- The company claims to have already onboarded 500,000 waitlisted users for its upcoming cloud-gaming platform.
The Game Company, a UAE-based blockchain gaming infrastructure provider has announced a $10 million funding co-led by Telcoin and its CEO Paul Neuner, BullPerks and Singularity DAO, and over-the-counter investments through NodeMarket.
The company plans to use the fresh capital to accelerate the development of its cloud gaming platform ahead of launch.
The Game Company leverages its “low-latency proprietary tech” to enable “lag-free” gameplay on PCs, consoles, and other devices. It claims to have already onboarded 500,000 waitlisted users to the platform.
The latest fundraising comes following The Game Company’s $5 million funding round in April 2023, which closed at a post-money valuation of $40 million, The Game Company said in a press release shared with NFTgators.
The Game Company compares its service to the ones offered by the likes of Nvidia through GeForce Now and Amazon’s Luna, but claims its proprietary low-latency take is what makes it stand apart as it simplifies lag-free gaming on any device.
Commenting on his company’s competitive edge, The Game Company CEO and co-founder Osman Masuds said in a statement: “Most of the new capital will be used to enhance the platform and its integration within web3 as well as web2 ecosystems, hoping to take on legacy cloud-gaming with a twist of blockchain.”
According to the announcement, players can use The Game Company’s cloud gaming platform to play games like Call of Duty, Fortnite, Rocket League and more from any device, without any specific hardware, software or download requirements.
The company claims to have already completed more than 41,000 on-chain transactions with over 10,000 new unique wallets created on the blockchain in just under 48 hours.
“This funding validates our approach to addressing gaming worldwide and making it accessible to people anywhere in the world, without any hardware or software restrictions,” CEO Osman said in a press release. “Our proprietary patented technology allows us to compete within the industry with the power of blockchain, making it easy for anyone, anywhere in the world to play PC or console games, lag-free through cloud gaming.”
The company has already collaborated with some of the leading cloud services providers including AWS, Google Cloud, and Tencent Cloud, with Microsoft Azure emerging as a key partner, Osman said in a statement. “Given Azure’s competitive edge in LATAM, TGC is leveraging its infrastructure to scale operations in the region,” he added.
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