In a move that could redefine the cloud gaming landscape, The Game Company (TCG), a pioneering Dubai-based startup, has raised $10 million through a combination of equity and token sales.
Dubai, United Arab Emirates – The Game Company (TCG), a pioneering startup in the cloud gaming domain, has announced a successful $10 million funding round through a combination of equity and token sales. This funding will bolster the development of TCG's next-generation cloud gaming infrastructure, built on blockchain technology and promising lag-free gameplay across devices worldwide.
Over the last two years, TCG has meticulously crafted a platform designed to deliver seamless gaming experiences by leveraging its patented ultra-low latency technology. “Our proprietary tech enables users to play any PC or console game on any device without needing expensive hardware,” explained Osman Masud, CEO of The Game Company. With 500,000 wait-listed users eagerly awaiting the platform's launch, TCG is preparing to enter a competitive market already occupied by industry giants such as Nvidia's GeForce Now and Amazon's Luna.
A key development came in September 2024, when TCG announced a strategic collaboration with Aethir, a company specializing in decentralized GPU-based compute infrastructure. While Aethir leverages underutilized GPUs to provide decentralized computing power for AI and blockchain applications, TCG is focused on delivering high-performance cloud gaming without compromising on speed or quality. “While we can optimize for underutilized GPUs, we’re not limited to that approach. With partnerships from major cloud providers, TCG now covers 98% of the globe,” added Masud.
The funding round was led by Telcoin and its CEO Paul Neuner, along with BullPerks, Singularity DAO, and over-the-counter investments via NodeMarket. This latest capital infusion follows an earlier round in April 2023, which saw The Game Company raise $5 million at a post-money valuation of $40 million, with an additional $7.5 million raised in token sales. The company also plans to deploy its native cryptocurrency token ahead of its public product launch later this year.
TCG's vision extends beyond merely competing with existing cloud gaming platforms. The company aims to integrate its blockchain-based infrastructure into both Web2 and Web3 ecosystems, unlocking new revenue streams and enhancing user accessibility. By harnessing the inherent benefits of blockchain technology, including enhanced security, transparency, and cost-efficient transactions, TCG hopes to revolutionize how gamers access and experience digital entertainment.
This ambitious strategy comes at a time when the global gaming market is thriving, with an increasing demand for accessible, high-quality cloud gaming. As TCG prepares to challenge established players in the industry, its innovative approach could not only disrupt the current market but also catalyze a broader shift towards blockchain-powered digital services.
With strategic partnerships in place and a clear vision for the future, The Game Company is poised to make a significant impact on the cloud gaming and blockchain ecosystems. As the company continues to innovate and expand, the next few years may well mark the rise of a new era in gaming, one where blockchain technology is at the heart of every seamless, high-performance experience.
