Nakamoto Games has announced the successful completion of a $10 million funding round, led by Make It Capital, a venture capital firm with operations in Singapore and New Zealand.
The investment will enable Nakamoto Games to expand its blockchain-based P2E ecosystem, focusing on product development, user onboarding, and infrastructure enhancement.
The company plans to scale its operations and attract millions of new players to its platform.
Source: Nakamoto GamesWhat is Nakamoto Games?
Nakamoto Games is a blockchain-based gaming platform that allows players to earn rewards through cryptocurrency. The ecosystem is powered by its native token, $NAKA, which facilitates in-game transactions and other activities. A distinguishing feature of Nakamoto Games is its Nakaverse, a virtual economy where users can purchase land, run businesses, and engage in various economic activities.
The platform also leverages NFTs to provide additional value to players. For example, NFT collections like NAKA Punks grant benefits such as land ownership in the Nakaverse and exclusive features within the ecosystem.
By eliminating the need for advanced blockchain knowledge, Nakamoto Games aims to make blockchain gaming accessible to a broader audience, including traditional gamers.
Source: Nakamoto GamesWhat can we expect from this latest funding?
Make It Capital’s decision to invest in Nakamoto Games followed a year-long evaluation of several blockchain gaming projects. The firm selected Nakamoto for its consistent delivery of projects and its potential to bridge the gap between web2 and web3 gaming.
The $10 million investment will be used to scale various aspects of the Nakamoto Games platform. According to the announcement, key areas of focus include:
- Team Growth: Nakamoto Games plans to expand its workforce of over 100 employees by hiring blockchain developers and game designers to enhance the platform’s offerings.
- Game Development: The company aims to create more immersive and accessible games that appeal to both web2 and web3 players.
- Acquisitions: The funds will also support the acquisition of traditional gaming studios, transitioning them into blockchain-ready operations.
- Marketing and Outreach: A portion of the funding will be allocated to campaigns aimed at increasing global awareness and onboarding millions of new players.
- Infrastructure and Token Management: Nakamoto Games will invest in tools and systems to strengthen the $NAKA token ecosystem and maintain liquidity.
Looking ahead, the company has outlined plans for significant updates to the Nakaverse, including expanded gameplay options and enhanced economic opportunities.
Additionally, a developer integration kit will be introduced to encourage third-party creators to contribute to the platform’s growing gaming portfolio.