UAE-Based Game Corporation Secures $10M for Their Cloud-Based Web3 Gaming Infrastructure
The Game Company, a UAE-based blockchain gaming infrastructure provider, has announced the successful completion of a $10 million funding round. This round was co-led by Telcoin, BullPerks, Singularity DAO, and over-the-counter investments through NodeMarket.
This latest funding comes after a $5 million funding round in April 2023, which closed at a post-money valuation of $40 million. The new capital will be primarily used to enhance the platform and its integration within web3 and web2 ecosystems.
The Game Company's cloud gaming service, powered by blockchain technology, aims to take on legacy cloud-gaming platforms with a twist of blockchain. The company's proprietary low-latency technology sets it apart, enabling lag-free gameplay on PCs, consoles, and other devices, regardless of specific hardware, software, or download requirements.
Compared to industry leaders like Nvidia and Amazon, The Game Company is leveraging blockchain and token-based financing, which differentiates its platform by integrating decentralized finance and gaming economies. The company's CEO, Osman Masud, commented on this competitive edge, stating that the funding validates their approach to making gaming accessible worldwide without hardware or software restrictions.
Osman also mentioned that The Game Company is leveraging Microsoft Azure's infrastructure to scale operations in the LATAM region due to Azure's competitive edge there. The company has collaborated with leading cloud services providers including AWS, Google Cloud, Tencent Cloud, and Microsoft Azure, with Microsoft Azure emerging as a key partner.
The Game Company has already onboarded 500,000 waitlisted users for its upcoming cloud-gaming platform. The platform allows players to access popular games like Call of Duty, Fortnite, Rocket League, and more from any device. The company has completed over 41,000 on-chain transactions with more than 10,000 new unique wallets created on the blockchain in just under 48 hours.
The Game Company's approach positions it as a niche innovator within blockchain-integrated cloud gaming rather than a direct competitor on the cloud infrastructure or raw streaming power front. However, the scale and resources of Nvidia and Amazon—with their massive cloud infrastructure, global reach, and established user bases—remain unmatched.
Despite this, The Game Company's innovative approach and strategic partnerships, such as the one with Microsoft Azure, are expected to help it carve out a distinctive competitive space in the rapidly evolving cloud gaming and blockchain gaming industries.
- The new capital raised by The Game Company will be used to integrate their platform more deeply into both web3 and web2 ecosystems, positioning it as a key player in the intersection of technology, data-and-cloud-computing, and gaming.
- The Game Company's CEO, Osman Masud, highlighted the company's unique advantage in the news, stating that their use of blockchain and token-based financing sets them apart, allowing them to offer a decentralized finance and gaming economy to users.
- In addition to its proprietary low-latency technology, The Game Company has partnered with Microsoft Azure for scalable operations in the LATAM region, further demonstrating their commitment to leveraging advanced technology such as web3, gadgets, and cloud computing to transform the gaming landscape.
