Games Club gets $1 million for Web 3 game expansion
Web3 gaming platform Club of Games (COG) has secured $1 million in funding from strategic investors. Among the participants in this investment are Nazara Technologies and The Hashgraph Association.
The investment aims to accelerate COG's growth and expand its global reach in the Web3 gaming market.
Games Club aims to bring millions of gamers to the Web3.
The funding is aimed at supporting COG's efforts to add more games to the platform, improve capabilities and establish a presence in the Americas, Europe, Middle East, Africa and Asia.
COG currently has over 250,000 registered users. In the year By 2026, it plans to onboard millions of players from both casual and over-the-top communities.
Nazara, India's only publicly traded gaming company, brings significant industry experience in eSports, sports media and technology. The company's recent commitment to invest in Web3 companies fits perfectly with COG's focus on blockchain-powered gaming experiences.
Read more: Blockchain Game: Keys to the Castle of the Metaverse
The connection between Hedera, which is supported by the Hashgraph Association, and COG's use of Hedera for its transactions makes the investment interesting. It represents support for COG's capacity and role in the Hadera ecosystem.
Regarding this investment, Hashgraph Association President Kamal Youssef expressed his confidence in COG's potential.
“We are excited to further empower the global web3 gaming industry with our investment in Gaming Circle with Nazara Technologies,” said Yousefi.
Beyond the investment, COG plans to leverage its partnerships with Chingari, Solana, Founder, KJN/INDGG, Metarun, TheFishVerse, Ninja Games, and various gaming communities.
“This strategic partnership … positions the company to leverage Web3 Game's extensive capabilities globally,” said Rabilal Thapa, CEO and Founder of Game Club.
COG offers casual and skill-based games combined with game-to-find mechanics and real property ownership. With Headera as the main network, COG's multi-chain approach aims to give players more control and flexibility.
Read more: Crypto Gaming: What is it and how does it work?
A key component of COG's growth strategy is its Distribution Infrastructure Network (DIN), which streamlines game distribution and monetization globally.
The company plans to launch the COG token in late 2024.
Disclaimer
Adhering to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This newsletter aims to provide accurate and up-to-date information. However, readers are advised to independently verify facts and consult with professionals before making any decisions based on this content. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
