Not like conventional corporations, crypto and blockchain tasks elevate funds via decentralized fundraising strategies. This was first popularized by preliminary coin choices (ICOs), a way that has turn into outdated. Right now, crypto startups elevate funds via Preliminary DEX choices (IDOs) by way of launchpads.
Sadly although, as extra launchpads are created, new crypto tasks using them typically lack long-term sustainability. Most generic launchpads place a number of emphasis on public token gross sales and are much less involved in regards to the development of the tasks. This typically leads to token costs crashing instantly after change listings, with neighborhood momentum dying shortly.
However Gamepad plans to alter the narrative. The Gamepad crew launched the platform after rigorously exploring the business and understanding the inadequacies of generic launchpads and what GameFi and metaverse tasks have to turn into the following most blockbuster blockchain gaming undertaking.
Gamepad.co is a next-generation decentralized accelerator for tasks constructed for the metaverse. The platform is designed to facilitate the long-term success of those tasks because it curates, nurtures, and accelerates a number of the high play-to-earn crypto video games, guilds, and different metaverse tasks.
Gamepad seeks to assist metaverse startups construct a robust and supportive neighborhood. Therefore, it gives sport makers and metaverse builders with a variety of distinctive resolution units that may allow them to construct rising and thriving communities round their tasks.
The platform goals to turn into the Y Combinator of the GameFi and metaverse period. It options a number of options which might be focused at supporting tasks’ long-term targets and neighborhood power, together with an incubation program, an initial DEX offering (IDO) launchpad, an NFT gross sales platform, and extra.
At present, Gamepad’s IDO launchpad and NFT gross sales platform are designed to run on the Ethereum community. Nonetheless, the undertaking is making aware efforts so as to add assist for the Binance Sensible Chain (BSC) and Solana networks.
A novel factor about GamePad is its council. Gamepad’s council is made up of expert players, tokenomic designers, world funds, high-profile entrepreneurs, and professional builders. With its large attain, strategic worth, and technical improvements, the platform is doing as a lot as doable to supply promising tasks a possibility to seize mindshare within the business and turn into long-term members of their varied niches.
Since its launch, Gamepad has attracted many tasks and builders to its platform. At present, 10 AAA blockchain video games have joined Gamepad’s accelerator, with over 15 extra tasks ready to be onboarded.
Gamepad Inks Two Main Buyers
To assist push its targets, Gamepad just lately raised $25 million from traders inquisitive about growing the metaverse and its associated tasks. Gamepad has additionally secured two main traders, Enjin and OKEx Blockdream Ventures, who co-led the funding spherical.
Enjin is a blockchain-based firm that’s centered on constructing revolutionary merchandise that make it simple for everybody to create and use next-gen digital economies. The corporate is among the high NFT and GameFi pioneering groups within the business.
Enjin believes that blockchain gaming, NFTs, and GameFi, generally, will drive the following wave of innovation within the gaming business, and the agency wish to be part of that development. Therefore, its involvement with Gamepad as an investor will assist it present assist to promising metaverse tasks that accomplice with the accelerator.
Enjin’s chief monetary officer, Oscar Franklin Tan, acknowledged that Gamepad’s revolutionary options will tremendously profit tasks on its platform.
The second lead investor is OKX Blockdream Ventures, the enterprise capital arm of the favored cryptocurrency change, OKX (previously generally known as OKEx). Blockdream Ventures is targeted on discovering and investing in a number of the most cutting-edge blockchain-related tasks, supporting tasks with seamless entry to capital and assets, and accelerating the event of blockchain know-how.
Since its inception, OKX Blockdream Ventures has invested in a number of revolutionary blockchain-based tasks throughout varied sectors of the digital asset business, together with NFTs, Web3, the metaverse, and extra.
The agency believes Gamepad has the potential to be a game-changer within the blockchain house. Consequently, it intends to assist Gamepad set up deeper cooperation with extra top-notch Gamefi tasks out there.
Gamepad plans to draw different high-profile traders to assist drive its aim of growing the GameFi and metaverse sector.