HomeCrypto GamingGamee's WAT Protocol gets investment from TON Ventures' $40 million fund

Gamee’s WAT Protocol gets investment from TON Ventures’ $40 million fund

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Whereas a lot of the blockchain video games business is enduring a season of drought, there’s no lack of momentum for the TON community. Certainly, with 285 video games at the moment listed on TON, the blockchain – initially based by Telegram – is prospering. 

Just lately, it introduced it’s organising a $40 million enterprise fund – TON Ventures – which shall be helmed by ex-director of TON Accelerator Ian Wittkopp, and ex-gaming lead at TON Basis Inal Kardan. Managed by a DAO, the enterprise has a mandate to put money into initiatives constructing on TON. 

Among the many first initiatives introduced to obtain funding from TON Ventures is Animoca Manufacturers subsidiary Gamee. The quantity raised was not disclosed. As one of many authentic corporations launching its cell video games on Telegram again in 2016, Gamee launched its meme-based WAT Protocol earlier in 2024.

Initially a easy level mining expertise, it’s since constructed out extra performance, together with the Watbird Racer, in addition to the flexibility for holders of the GMEE token and numerous NFTs together with Pudgy Penguins and Mocaverse to soft-stake them to additionally construct up their Wat factors, which shall be transformed into an allocation of the WAT token when it launches later in 2024.

Boosted by new funding, Gamee will develop its TON integration together with tokens and NFTs, each a part of Gamee’s mini app, so as to improve person engagement. To-date Gamee claims over 4 million gamers have linked their TON wallets to the WatBird app.

Gamee co-founder Bozena Rezab commented, “We are thrilled to deepen our relationship with The Open Network (TON). We plan to enrich the gaming experience we have built for Telegram with new viral and community-focused mechanics centered around the meme character WatBird. This is another milestone in welcoming our community of 90 million Telegram gamers into the TON ecosystem.”

Discover out extra about Rezab’s imaginative and prescient of video games on TON/Telegram in our current interview.

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