Circle of Games Secures $1 Million in Funding to Dominate Global Casual Gaming Market

Circle of Games (COG), a leading Web3 multi-gaming platform, has secured $1 million in equity funding from strategic investors Nazara Technologies and The Hashgraph Association. With over 250,000 registered users, COG aims to onboard 100 million users by 2026, leveraging its presence across the US, EU, Middle East, Africa, and Asia. COG's multi-chain technology, with Hedera as its primary mainnet, empowers players with full control over their in-game assets and tokens. The funding will be used to accelerate COG's go-to-market strategy, enhance platform capabilities, and expand its international reach.

Circle of Games Raises $1 Million to Power Global Expansion into Casual Gaming Dominance

Dubai, United Arab Emirates, April 18th, 2024 - Circle of Games (COG), a visionary web3 multi-gaming platform, has secured $1 million in equity funding from industry juggernauts Nazara Technologies FZ LLC and The Hashgraph Association. This strategic investment serves as a catalyst for COG's ambitious plans to redefine the global casual gaming landscape.

Scaling to New Heights

With over 250,000 registered users and a rapidly expanding user base, COG is poised for exponential growth. The influx of funding will accelerate its go-to-market strategy, enhance platform capabilities, and propel its presence across the United States, European Union, Middle East, Africa, and Asia.

A Global Hub for Casual Gaming

COG is steadfast in its mission to become the premier global hub for casual gaming, onboarding 100 million users by 2026. By expanding its gaming portfolio from six to over ten games by Q4 2024, COG aims to captivate millions of gamers worldwide.

Partnerships and Ecosystems

COG's strategic partnerships with prominent Web3 projects, such as Chingari, Solana, Foundership, KGeN/IndiGG Metarun, TheFishVerse, and various Gaming Guilds/DAOs, grant it exclusive access to a vibrant gaming community of over 500 million users in more than 50 countries.

Blockchain Innovation

Leveraging Hedera's distributed ledger technology, COG empowers players with full control and ownership over their in-game assets and tokens. The upcoming launch of the native $COG Token in Q2 2024 promises an enhanced and immersive user experience.

Veteran Leadership

COG's seasoned team, led by veterans in the gaming and tech space, brings a wealth of expertise to the table. Together, they are developing casual and skill-based blockchain games with play-to-earn reward mechanics.

Strategic Endorsement

Commenting on the alliance, Rabilal Thapa, CEO and Co-Founder of Circle of Games, expressed, "This strategic partnership is a testament to COG's potential and paves the way for us to harness the transformative power of Web3 gaming innovations globally."

Empowering the Gaming Industry

Kamal Youssefi, President of The Hashgraph Association, stated, "We are thrilled to co-invest with Nazara Technologies in Circle of Games, reinforcing our commitment to empowering the global Web3 gaming industry."

Distribution Infrastructure Network

COG's Distribution Infrastructure Network (DIN) plays a pivotal role in its multi-gaming platform, enabling the effective global distribution and monetization of gaming content.

About Circle of Games

Circle of Games is a British Virgin Islands-based web3 multi-gaming platform founded by Rabilal Thapa, Rajeeb VC, and Rohit Tiwari. Established in 2022, COG has garnered over 250,000 registered Android users and is preparing to launch its iOS app in Q2.

About Nazara Technologies Ltd.

Nazara Technologies Ltd. is India's leading gaming and esports company, with a portfolio of renowned gaming brands. Nazara's investments span the esports space, with Nodwin and Sportskeeda/Pro Football Network, and the interactive gaming segment, with Kiddopia, Animal Jam, World Cricket Championship, and a diverse range of casual games.

About The Hashgraph Association

The Hashgraph Association is a non-profit organization dedicated to promoting the adoption and development of Hedera-powered enterprise-grade solutions and decentralized applications. The Association supports innovation, research, and development, fostering a digital future for all.

For further information about The Hashgraph Association, please visit here.