MONTREAL, 9 FEBRUARY 2023 – Character-driven gaming pioneer Mino Games revealed it had raised USD 15 million in Series B investment from investors, including Boost VC, Collab+Currency, Earl Grey Capital, and Konvoy Ventures. Standard Crypto headed the round. Andreessen Horowitz and SYBO Games have both invested in the past. Bing Gordon and Don Mattrick, stalwarts of the video game business, have also joined as important investors and consultants.
The financing for Mino Games has already reached more than USD 25 million overall. The money will help Mino Games, the next significant player in Web3 gaming, expedite the release of Dimensionals, an ambitious new series.
“Our beloved, collectible characters are the foundation of every game we have created. With the help of this investment, we’ll continue working toward achieving our primary goal of becoming the next big brand in gaming with a multi-platform, multi-channel strategy, “Sasha MacKinnon, co-founder and CEO of Mino Games stated. “We can now develop new gaming experiences using Web3, which enables us to collaborate directly with our community. We are not skimping on anything as we develop this ambitious brand, and we believe the rapidly expanding Web3 gaming audience will like it. Be prepared for Dimensionals to improve on what we’ve done.”
It’s not unusual for game producers to provide large tech corporations with up to 80% of their income as platform taxes and user acquisition expenses. According to MacKinnon, players, content producers, and game developers should share profits. The business wants to use Web3 to fundamentally change market distribution by fostering a direct link between developers and the community.
According to Alok Vasudev, co-founder of Standard Crypto:
“We’re on the verge of the next phase in gaming where blockchains will power in-game economies, aligning the motivations of players with those of the game devs.” “Mino Games has a track record in free-to-play and is aware of how cryptocurrencies may improve the player experience. We are beyond thrilled to collaborate with Sasha, and his incredible team on what we predict will be a hugely successful gaming brand.”
Character-driven game innovator Mino Games is a forerunner in the Web3 gaming industry. More than 60 million gamers from more than 90 countries have downloaded the company’s games since their debut in 2011. Mino Games is using blockchain technology to create immersive worlds where players can come to play, collect, curate, compete, co-create, and own, ushering in a new age for gamers. With more than 80 team members throughout the globe, Mino Games is a remote-first business.
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