Web3 gaming platform GAM3S.GG from UAE secures $2 Million in seed funding
2 min
The UAE-based Web3 gaming platform, GAM3S GG successfully raised $2 million in Seed funding, this round was led by Mechanism Capital and included significant participation from other major Web3 venture capital firms and angel investors.
Launched in 2022, GAM3S GG is devoted to expanding the Web3 gaming realm, their all-inclusive super app offers users a deep dive into the Web3 universe, providing news, guides, and other selected content, the platform's main goal is to enhance the accessibility of blockchain games and introduce gamers to blockchain technology.
The Web3 gaming industry shows promising growth prospects, according to Future Market Insights, the Web3 gaming market might achieve a valuation of $23,96 billion in 2023 and is expected to skyrocket to over $133,29 billion by 2033, with an impressive CAGR of 18,7% during the forecasted period.
Web3 gaming platform GAM3S.GG, based in the UAE, has secured $2 million in Seed funding. Mechanism Capital spearheaded the investment round, joined by significant Web3 venture capital firms and angel investors.
Established in 2022, GAM3S.GG is dedicated to the Web3 gaming arena. Its primary goal is to make blockchain games more accessible and familiarize gamers with blockchain technology. The platform does this through its integrated super app, which offers users insights into the Web3 universe, presenting news, guides, and other handpicked content.
Sultan Al Riyami, the Head of Gaming and eSports at AD Gaming, commented to StartupScene, "With platforms like GAM3S. At the forefront, Abu Dhabi is emerging as a significant hub for Web3 gaming. The holistic Web3 gaming ecosystem they're crafting will benefit them in an industry deeply rooted in community engagement and development. We're eager to witness their rapid expansion in Abu Dhabi."
Even though Web3 gaming is still nascent, its potential is undeniable. A study by Future Market Insights suggests that the Web3 gaming industry could reach a valuation of $23.96 billion in 2023 and exceed $133.29 billion by 2033, growing at a CAGR of 18.7% during the projected timeline. With the fresh funds at their disposal, GAM3S.GG plans to enhance the GAM3S.GG gaming super app aims to captivate 100 million users via its platform and content.
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