Multichain gaming system developer Kokomo Games announced its entry into the web3 gaming industry following the conclusion of its angel funding round. One Million and One Kokos — the firm’s first title — is expected to launch on Telegram soon.
According to a recent Kokomo Games announcement, the firm’s angel investor funding round was oversubscribed and saw the participation of DAO Jones, including figures like Steve Aoki and Mike Shinoda from Linkin Park. Angels from The Sandbox, Crypto.com Capital, SoftBank, Kraken, Republic, and other prominent actors.
Kokomo Games hopes to succeed through its peculiar approach to web3 gaming: it intends to leverage its founder’s experience in developing traditional games and expand those mechanics with Web 3 features. The company boasts members with experience working on titles like Call of Duty Mobile and League of Legends and scaling Web3 token projects.
Project participants previously worked at companies including industry veterans from Activision, Riot Games, Gala Games, LimeWire, SuperRare, Bitpanda, and Oxford & Cambridge University. Ben Seipt, Head of Ecosystem and Strategy of Kokomo Games, said:
At Kokomo Games, we are simplifying Web3 Gaming, taking the best Web2 experiences and enhancing them with new adaptations of blockchain models in a community-driven, everyone-wins setting. [...] Our vision is to build a casual, social, yet competitive mini-gaming ecosystem where players enjoy tangible rewards and incentives from hundreds of easy, fun games.
The company focuses largely on mini-gaming, an industry term referring to short and straightforward games meant for casual and quick interactions. These games have simple mechanics and minimal learning curves and are designed around brief play sessions. Games of this kind are particularly popular on mobile devices, social media platforms, or as part of a larger ecosystem.
Kokomo Games launched in Seoul, South Korea, on March 1, 2014. The company went through two funding rounds, raising $2,290,000 in its 2015 series A and ₩5,000,000,000 ($3.66 million at current exchange rates) in 2016 in its series B, seeing the participation of Kakao Ventures and Stonebridge Capital.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
