Kokomo Games Enters Web3 Gaming with Oversubscribed Angel Round

by Chainwire

Published: August 13, 2024 at 9:07 am Updated: August 13, 2024 at 9:07 am

London, UK, August 15th, 2024, Chainwire

Kokomo Games, the unified multichain mini-gaming ecosystem, announced its entry into the Web3 gaming market. Founded by industry veterans with experience developing titles such as Call of Duty Mobile and League of Legends, as well as a track record scaling Web3 token projects and developing well known DApps, Kokomo Games is enhancing gaming experiences by bringing Web3 technologies to casual Web2 games.

Kokomo Games introduces a novel approach and has created unique retention mechanisms never done before in GameFi, enhancing the engaging gameplay of proven Web2 concepts with the financial incentives and rewards unique to Web3. This project creates a cohesive ecosystem where individual player investment and skill are directly rewarded with real-world value, whilst community activity is also tightly linked to community rewards.

Kokomo Games has garnered support from a diverse group of investors during its early stages. The company’s angel round was oversubscribed, from prominent backers such as DAO Jones, including figures like Steve Aoki and Mike Shinoda from Linkin Park. Angels from The Sandbox, Crypto.com Capital, SoftBank, Kraken, Republic, and other prominent players, also invested.

“At Kokomo Games, we are simplifying Web3 Gaming, focussing on proven Web2 experiences and enhancing them with adaptations of successful blockchain models in a community-driven, anyone-can-win setting,” said Ben Seipt, Studio Lead of Kokomo Games. “Our vision is to build a casual, social, yet competitive mini-gaming ecosystem where players enjoy tangible rewards and incentives from hundreds of easy and fun games across multiple platforms.”

The experienced team comes together from Activision, Riot Games, Gala Games, LimeWire, SuperRare, Bitpanda, and Oxford & Cambridge University, and has a robust track record as core contributors in both gaming and Web3 worlds; launching and scaling token projects to valuations over $1B, raising over $20M across various projects, and onboarding over a million users to Web3 DApps. Kokomo Games introduces a unique token model designed to accrue value as the gaming ecosystem grows, offering players the opportunity to earn rewards based on their participation and skill.

Kokomo’s first title, ‘One Million and One Kokos’, seeks to reinvent the viral Web3 clicker model, drawing inspiration from a similar viral Web2 concept, but adding Web3 elements and a competitive multiplayer twist. The title will debut soon on blockchain-gaming’s hottest platform, Telegram.

About Kokomo Games: Kokomo Games is dedicated to advancing the GameFi experience with simplicity, integrating the best of Web2 and Web3 technologies, structures and incentives. Founded by Web3 and gaming industry veterans from leaders like Activision, Riot Games and Gala Games, the team seeks to transform casual mini-gaming into a rewarding experience where players earn real-world value in a social, community-driven, competitive setting. Backed by prominent investors, Kokomo Games is setting new standards in the gaming economy.

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