Banger Games Raises €10 Million to Become 1st Blockchain Gaming Hub

Startup company, Banger Games, has raised €10 million to become the first gaming hub that will provide players a more holistic gaming experience, regardless of the game, publisher, or platform.

Banger Games is looking to establish a single shared currency and economy for gamers that exempt them from the restrictions prevalent in today’s gaming industry. This project will veer away from profit-oriented, micro-transaction dominant, and less exciting platforms. In this project, players will be free to challenge and enjoy themselves by competing, earning, trading, and more.

When asked about what the current market lacks, Banger Games CEO, Borja Villalobos, said:

As the industry has exploded in different directions, we are certain that gamers feel more disconnected than ever. Banger is the platform aimed at unifying this ever-increasing ecosystem into one central point in the gaming universe.

Villalobos pointed out that while the crypto industry continues to branch towards the metaverse, virtual reality (VR), Indie Publishers, and Play-to-Earn games, it is important to keep users engaged.

Seeing the value behind Banger Games’ vision, Lucid Blue Ventures’ Charlie Hu commented:

As the Blockchain gaming industry slowly grows out of its shell, it will need hubs and safe places to learn and evolve for gamers and even publishers. We feel that [Banger Games] is set to become this pillar in the industry that helps it through that process and beyond.

In this endeavor, Banger Games is joined by Avalanche, Shima Capital, GSR, Flori Ventures, Poolz Ventures, G20, Lucid Blue Ventures, Belobaba Fund, Squares Capital, CSP DAO, Halvings Capital, OIG Capital, and BigCoin Capital. Also onboard were angel investors, including Jaynti Kanani, Co-founder of Polygon, Decentralized Autonomous Organizations (DAOs), and communities like Neo Tokyo.

Kanina opened up why she invested in the Banger Games project, stating:

I love the idea of leveraging activity across different games empowering users to monetize their gaming experiences. This is why the Bangers approach and the team they’ve assembled to make it happen has resonated with me from day one.

The project is envisioned to be a community-led venture, where the voice of each individual matters. To avoid investors dominating and having the majority of the influence, a strict ticket size limit was imposed.

The platform will feature automated SMART Tournaments implemented via smart contracts. For this project, closed beta-testing has already commenced on the Counter-Strike: Global Offensive (CS:GO) platform. Features such as Battle Passes, in-game achievements, and P2P cloud gaming, which will enable gamers to share unused processing power, will be included in the project.

For the project’s technical integrations, Banger Games partnered with IBM, Chainlink, and Polygon. Projects under this collaboration include the development of the platform’s anti-cheat client, in close ties with IBM.

Players will be rewarded with NFTs, Banger Coins, and other prizes offered by recognized brands and influencers. In addition, publishers can get major benefits, including SDK that allows the connection of non-blockchain games to the Banger Games ecosystem. Other benefits include access to new monetization tools, community grants, and investment opportunities.