April 17, 2024
Circle of Games (COG), a Web3 multi-gaming platform, has secured $1 million in equity funding from Nazara Technologies FZ LLC and The Hashgraph Association. This funding round is led by The Hashgraph Association, a Swiss-based organization focused on digital enablement using Hedera's distributed ledger technology. Nazara Technologies, India's largest and only listed gaming company, also participated in this round.
Project | Latest Raise Date | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Circle of Games | Apr 17, 2024 | $1M | Seed | $1M | The Hashgraph Association | Web3 |
COG plans to utilize this funding to accelerate its go-to-market strategy, enhance platform capabilities, and expand its global presence across the US, EU, Middle East, Africa, and Asia in 2024. The company aims to increase its registered user base from the current 250,000 to 100 million by 2026. COG intends to expand its gaming portfolio from six games to over ten games by the end of Q4 2024, targeting the global casual and hyper-casual gaming community.
About Circle of Games
Circle of Games, founded by industry veterans in 2022, develops casual and skill-based games on the blockchain with play-to-earn reward mechanics. Headquartered in the British Virgin Islands, COG aims to become a leading hub for casual gaming by leveraging blockchain technology to provide engaging gaming experiences. The strategic funding will enable Circle of Games to expand its international footprint and enhance its gaming technology, positioning the company for continued growth in the Web3 gaming sector.
Website: https://circleofgames.com/
X Account: @Circle_of_Games
X Followers today: 17,862
About Investor
Investor: The Hashgraph Association
The Hashgraph Association is a Swiss-based non-profit organization dedicated to digital enablement and empowerment through Hedera-powered enterprise-grade solutions and decentralized applications. The association supports and funds innovation, research, and development, focusing on economic inclusion and positive environmental, social, and governance (ESG) impact.
Location: Switzerland
Website: https://hashgraph-association.com/
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