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Web3 gaming startup secured $2 million in a seed funding round led by Mechanism Capital

by Dr. Isma Amin
web3-gaming
Web3 gaming startup

Web3 gaming startup

 

Web3 Gaming Start-up or Polkastarter Gaming’s seed funding round has successfully concluded and has raised a $2 million investment. Mechanism capital directed the funding round attended by influential venture capitalists and investors.

The fundraising round is in line with a rebranding initiative that better imitates the project’s new direction. The key investors include Polygon, Double Peak, ArkStream Capital, LD Capital, ROK Capital, Hyperithm, Snackclub, Emurgo Ventures, Eden Ventures, Mix Marvel Ventures, 4SV, CommonWealth Capital, Venly Ventures, TKX Capital, SkyVision Capital, Compute Ventures, and MarketAcross. Angel investors with expertise in the Web3 gaming sector have also contributed.

The raised funds will be allocated to the GAM3S.GG gaming super-app growth launched in November 2022. However, at present, the platform offers curated Web3 gaming content, with 200+ games enumerated across 15 chains, and more than 60,000 registered gamers, placing itself as the largest hub for Web3 gamers.

“Web3 games are exceptionally challenging to build, and it is particularly true for gaming hubs and aggregators,” said Ken, Partner at Mechanism Capital.

 

GAM3S.GG

Founded in 2021
Alternative Name Polkastarter Gaming
Headquarters European Union (EU), Europe, Middle East, and Africa (EMEA)
Founded by Daniel Stockhaus, Omar Ghanem
Official Website GAM3S.GG
Source Crunchbase

Abu Dhabi’s Gaming Sector

With headquarters in Abu Dhabi, the popular seed funding round and the Web3 gaming super-app development braces the Emirates to a technology-controlled and knowledge-based economy. GAM3S.GG, a member of AD Gaming is an initiative that steers the growth of Abu Dhabi’s gaming sector.

During 2023, the gaming sector industry giants have examined Web3 gaming, with Zynga and Ubisoft working on the Web3-native games Sugartown and Champions Tactics: Grimoria Chronicles correspondingly. A huge wave of new gamers inflowing the area is making it necessary for an aggregator like GAM3S.GG. Apart from this, gamers’ sentiment towards Web3 gaming is flowing, and GAM3S. GG is establishing the hub to empower beginners and inhabitants equally to explore new frontiers and experiences within a single Web3 gaming super-app.

“The gaming industry is at the junction; while Web3 offers new thrilling opportunities, the absence of quality content and a singular destination for all your Web3 gaming needs has disappeared many gamers.” – according to Omar Ghanem Co-Founder & CEO at GAM3S.GG.

Web3 gaming startup Forbes Report

Web3 gaming startup Forbes Report

An Insight Into GAM3S.GG

GAM3S.GG has witnessed thousands of registered gamers discovering its collection of curated content that focuses on next-gen Web3 games since its inauguration. Last year, the platform presented the first and largest Web3 game award show – the GAM3 Awards, which witnessed more than 250,000 votes and 140,000 unique viewers tuning into the streamed event. Now, the platform will continue creating advanced features to remove barriers to entry for blockchain that may include social logins, player-owned item management, progression rewards, retrospective in-game progress tracking, and directly playing Web3 games on the platform.

“The traditional gaming features its IGN and Kotaku, yet the industry is not prepared for the change that blockchain-driven titles present; and if we wait for them to step in, we would lose possible early adopters and valuable progress – and that is why GAM3S.GG was created,” said Ghanem. “We are not just establishing, we are highlighting the top games, and setting gold standards and allowing gamers to get involved in games in unparalleled ways as we hope to become the final home of Web3 gaming,” he added.

The team’s mission for GAM3S.GG is to support Web3 gaming reach 100 million users via its platform and valuable content, and continue its growth as the trusted getaway for gamers hunting to explore possibilities of block-chain powered games using the newest features that try to squeeze all Web3 gaming needs under one roof.

Must Reads:

UAE AI startup Bedu wants early-mover advantage for $7m pre-seed funding

Conclusion

It is just the beginning of GAM3S.GG’s journey and the industry are still in its early stages. With many household names moving into the blockchain gaming world quite often, the platform will be a getaway for all gamers to enjoy Web3 games to their maximum level with all the required content.

 

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