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Cryptocurrency News Articles
Equity Funding Catapults Circle of Games to Web3 Gaming Supremacy
Apr 17, 2024 at 10:41 pm
Circle of Games (COG), a multi-gaming platform, has secured $1 million in funding from Nazara Technologies and The Hashgraph Association. The funds will be used to accelerate COG's market expansion, enhance platform capabilities, and bolster its presence in international markets. COG, with its over 250,000 registered users, plans to expand its gaming portfolio from six to over ten games by Q4 2024. COG has implemented multi-chain technology with Hedera as the primary mainnet, empowering players with ownership and control over in-game assets and tokens.
Equity Funding Propels Circle of Games to the Forefront of Web3 Gaming
Circle of Games (COG), a multi-gaming platform, has secured $1 million in equity funding from Nazara Technologies FZ LLC, India's leading gaming company, and The Hashgraph Association, a Swiss-based organization. This strategic investment will significantly enhance COG's platform capabilities and global expansion plans.
Strategic Partnership for Success
The collaboration with Nazara Technologies and The Hashgraph Association marks a pivotal milestone for COG. Nazara's deep expertise in eSports, gaming studios, and adtech will provide invaluable strategic guidance and support. The Hashgraph Association, with its extensive network of games, ecosystems, and cutting-edge technology, will empower COG with access to a vast player base and innovative solutions.
Accelerating Growth and Expansion
COG intends to leverage this funding to expedite its go-to-market strategy and expand its gaming portfolio. The platform aims to introduce over ten new games by Q4 2024, targeting millions of gamers globally. COG's multi-chain technology, centered around the Hedera mainnet, empowers users with full ownership and control over their in-game assets and tokens.
Web3 Gaming Innovation
COG's focus on casual and skilled-based blockchain games with play-to-earn mechanics aligns with the growing demand for Web3 gaming. The integration of blockchain technology enables players to earn rewards for their in-game achievements, creating an immersive and engaging gaming experience.
Native Token Launch
COG plans to launch its native token by the end of Q2 2024, offering an enhanced user experience. This token will play a vital role in the platform's ecosystem, providing additional benefits and rewards to its community.
Industry Recognition
The investment from Nazara Technologies and The Hashgraph Association serves as a testament to COG's potential in the rapidly evolving Web3 gaming landscape. The platform's commitment to innovation and user empowerment has earned the recognition and support of industry leaders.
Driving the Future of Gaming
As the global gaming industry continues to embrace Web3 technologies, COG is well-positioned to become a major player in this transformative sector. The funding and strategic partnerships secured by COG will fuel its growth and enable it to contribute significantly to the advancement of Web3 gaming.
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