What’s Going On?
The team behind mobile pop culture phenomenon Angry Birds has landed a $40 million investment to help take gaming to the next level – with crypto.
Why Does It Matter?
Beijing-based blockchain gaming platform Cocos-BCX has raised the money in new financing from global investors including Binance Labs, 500 Startups, BlockVC, and NEO Global Capital, reported Forbes. Cocos-BCX was created by the founding team of Cocos2d-x, an open-source platform that spawned hit mobile games including Angry Birds and Clash of Kings.
Entrepreneurs are trying to work out how to apply blockchain technology to industries such as gaming, where the tech can be used to verify identities, set up alternative app stores, or make characters cross-platform, reported VentureBeat.
Just A Bit Of Fun Then?
Hardly – Cocos-BCX’s vision is to become an end-to-end platform where more than one million currently active game developers can build, deploy, operate, and manage games across multiple blockchains, reported VentureBeat.
“Gaming has always been in our DNA, so we have a deep understanding of what the game developer community needs in order to succeed with blockchain,” said Haozhi Chen, founder of Cocos-BCX. “More importantly, we understand what type of development environment is most effective across all blockchain platforms and operating systems. With this new injection of capital, we will push the blockchain gaming industry forward and focus on penetrating the market faster than anyone else in this space.”
Ella Zhang, Head of Binance Labs, said: “Gaming is potentially the lowest hanging fruit in the blockchain industry yet the applications in this space remain largely untapped. Cocos is one of largest gaming developer communities worldwide, and Haozhi is a serial entrepreneur with proven track record in the gaming space. We hope the Cocos-BCX initiative will drive more real use cases for blockchain adoption and reveal the true potential of blockchain technology.”