Banger Games raises €10 million to build a blockchain gaming hub

The Banger Games startup has raised €10 million to create a blockchain-based gaming hub that will enable cross-platform gamer interaction and an additional rewards layer, ForkLog reported.

Participants in the round included Avalanche, Shima Capital, GSR, Flori Ventures, Poolz Ventures, G20, Lucid Blue Ventures, Belobaba Fund, Squares Capital, CSP DAO, Halvings Capital, Oig Capital, BigCoin Capital. As a business angel, the project was supported by Polygon co-founder Jaynti Kanani.

To prevent domination by any single investor, the round’s subscription cap was limited.

Banger Games aims to create a single currency and economy for gamers.

According to CEO Borhi Viljalobos, the industry has seen explosive growth across several fronts, including cryptocurrencies, metaverses, virtual reality, independent publishers, and the Play-to-Earn concept.

“We are confident that gamers feel more disconnected than ever. Banger is a platform designed to unite the ever-growing ecosystem into a single hub in the gaming universe,” he explained.

The platform will support automated SMART tournaments based on smart contracts. Banger is already running a closed beta test on the popular CS:GO game.

It will also include advanced features such as in-game achievements tracking, an IBM co-created anti-cheat client, and a cloud-based P2P solution that will allow players to share unused computing power.

It is expected that the platform will provide gamers with additional rewards in the form of NFTs, native Banger tokens, and other prizes from partners.

Publishers will receive an SDK stack that will allow connecting any game to the hub, including classic games not tied to blockchain. They will be able to use monetisation tools, gain access to community grants and investment opportunities, the startup emphasised.

“As the gaming blockchain industry gradually comes out of its shell, it will need hubs and secure platforms to provide training and development for gamers and even publishers,” commented Charlie Hu, managing partner at Lucid Blue Ventures.

As reported, Huobi Research experts believe that the development of the GameFi sector has contributed to the revival of interest in blockchain games.

According to ForkLog’s report, in 2021 tokens of gaming-sector projects showed the most impressive momentum among mid-cap assets.