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Community Gaming is a competitive gaming platform that is expanding its footprint into Latin America and Southeast Asia. Recently, the firm has closed a $16 million Series A funding spherical junction rectifier by SoftBank Group’s SB chance Fund. The funding can facilitate the company’s growth into geographical regions and Southeast Asia. Notably, Japanese conglomerate SoftBank launched the $5 billion fund in 2019. A $3 billion follow-up fund was launched in September.
Community Gaming raises $16 million
Community vice may be a platform that lets gamers produce their own esports tournaments and gaming competitions for any game they like. net three is baked into the equation through blockchain-based sign-ups and instant payments. Earlier this year, the Community vice platform reached 100,000 distinctive registered users, the corporate said.
participants within the funding spherical enclosed Animoca Brands, Binance Labs, BITKRAFT Ventures, mythical monster vice Partners and CoinFund, among others.
North America is the biggest market
Chris Gonsalves, CEO of Community Gaming has recently highlighted following the founding announcement, that although they are looking for expansion, North America is still their largest market. However, he further cited that they are witnessing the most organic growth in Latin America.
How will the funds help the firm?
Later this quarter, Community vice will launch a “Quests” feature that rewards United Stationers for time spent on the platform instead of simply paying the highest winners of an esports tournament. It’s a variation on this season’s “play-to-earn” trend.
In line with Gonsalves, we have a tendency to think about it sort of a loyalty system or a retention system wherever we are going to be ready to complete quests each single day that earn us little amounts of money. Indeed, during this method the model may be described.
