What is Community Gaming?
Founded in 2017, Community Gaming is at the forefront of integrating blockchain technology into the esports ecosystem. The platform provides a seamless tournament experience, leveraging blockchain for the secure and transparent distribution of rewards to players. This innovative model addresses key challenges in traditional esports by ensuring fairness and efficiency in prize payouts, drawing inspiration from the founders' direct experiences within the gaming community. The company's focus on blockchain technology positions it as a key player in the evolving landscape of decentralized gaming.
How much funding has Community Gaming raised?
Community Gaming has raised a total of $18.3M across 2 funding rounds:
Angel/Seed
$2.3M
Series A
$16M
Angel/Seed (2021): $2.3M with participation from Dapper Labs, 1kx, Animoca Brands, CoinFund, and Multicoin Capital
Series A (2022): $16M led by Polygon Studios, Animoca Brands, CoinFund, Binance Labs, BITKRAFT Ventures, Multicoin Capital, Hashed, Shima Capital, SoftBank Group, ConsenSys Mesh, and Griffin Gaming Partners
Key Investors in Community Gaming
Dapper Labs
Dapper Labs, founded in 2018, is known for developing blockchain-based experiences, focusing on the power of play and user-ready applications.
Animoca Brands
Animoca Brands is a Hong Kong-based company that shifted its focus to blockchain gaming and NFTs in 2018 after initially developing mobile games.
CoinFund
CoinFund is a blockchain-focused investment firm established in 2015, dedicated to advancing digital assets and decentralized finance through venture and liquid opportunities.
What's next for Community Gaming?
The recent major strategic investment signals a pivotal phase for Community Gaming, likely aimed at scaling its operations, expanding its technological infrastructure, and broadening its market reach. With substantial capital infusion, the company is poised to further develop its blockchain-based tournament platform, enhance player engagement, and explore new avenues for growth within the rapidly expanding Web3 gaming space. This strategic financing will enable Community Gaming to solidify its position as a leader in decentralized esports, driving innovation and adoption of its unique reward distribution system.
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