Banger raises €10M to become first gaming aggregator

2022-2-16 18:00

Banger Games, a startup set to open new possibilities for empowering gamers, has raised €10 million to become the first gaming hub to aggregate gaming experiences, inform, and organize. At the same time, it adds a second layer of rewards based on in-game and community objectives.

One shared currency

Banger Games wants to free gamers by establishing a shared currency and economy. Gamers can compete, challenge themselves, earn, trade and enjoy their gaming experience to its fullest.

Borja Villalobos, CEO at Banger Games, commented:

As the industry has exploded in different directions (crypto, metaverse, VR, Indie Publishers, P2E), we are certain that gamers feel more disconnected than ever. Banger is the platform aimed at unifying this ever increasing ecosystem into one central point in the gaming universe.

Investors include Avalanche, Squares Capital, G20

Among the notable investors in the round are Avalanche (AVAX/USD), Shima Capital, G20, LucidBlue Ventures, Belobaba Fund, GSR, Flori Ventures, Poolz Ventures, Squares Capital, BigCoin Capital, CSP DAO, Halvings Capital, and OIG Capital.

Strict ticket limits to avoid centralized control

The funding round set strict ticket size limits to avoid domination by a whale investor. Banger Games wants to develop a community-led project, which would be undermined by a single group of investors having the majority of the influence.

Automated tournaments via Polygon tech integration

Banger will feature automated SMART tournaments, which smart contracts execute. They have been testing a closed-beta on CS;GO, which is extremely popular. It will also include in-game achievements, Battle Pass, an anti-cheat client built with IBM, and P2P cloud gaming. These will allow gamers to share their unused processing power.

Polygon (MATIC/USD) is among the investors in Banger. Jaynti Kanani, Co-Founder of Polygon said:

My investment in Banger Games was an easy decision, I love the idea of leveraging activity across different games empowering users to monetize their gaming experiences. This is why the Bangers approach and the team they’ve assembled to make it happen has resonated with me from day one.

Charlie Hu of LucidBlue Ventures added:

As the blockchain gaming industry slowly grows out of its shell, it will need hubs and safe places to learn and evolve for gamers and even publishers. We feel that Bangers is set to become this pillar in the industry that helps it through that process and beyond.

The post Banger raises €10M to become first gaming aggregator appeared first on Invezz.

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