Filipino-led Accelerator Gamepad Raises $2.5m Seed Round with Enjin and OKX Blockdream Ventures as Lead Investors
“We’re excited to announce that the team has recently closed its investment round valued at $25 million. This successful funding round was led by Enjin and OKX Blockdream Ventures, two of the leaders in the blockchain industry. We are honored to be working with these world-class investors and pioneers in the crypto industry!” – Gamepad.co
Gamepad, a decentralized accelerator for crypto games, guilds, and metaverses, announced recently that it has closed its investment round valued at $25 million. The fund will be used to help launch the company into the next stage of its development.
The investment round was led by Enjin, a non-fungible token (NFT) and Gamefi pioneering team, and OKX Blockdream Ventures, the blockchain exchange fund venture arm of OKEx.
“We’re really honored to lead the investment round for GamePad. We are already seeing that GameFi, blockchain gaming, and game NFTs without a doubt will be the biggest disrupter to the gaming industry and we are extremely excited to back a company like GamePad that taps into this booming disruptor space. GamePad’s unique solutions and first-principles thinking in solving the age-old gamer retention problem will surely bring tremendous value to projects that partner with them.”– Oscar Franklin Tan, CFA, Chief Financial Officer
Gamepad is a launchpad that curates, nurtures, then accelerates the top GameFi, guilds, and metaverse projects. According to their site, the components of their accelerator include: a top notch council, vast marketing network, launchpad for IDOs, NFT genesis pad for INOs, wallet analytics, and network of partners.
Currently, the decentralized accelerator already has 10 triple-A blockchain games onboard their acceleration with over 15 waiting for launch.
“We are excited to meet Gamepad in this investment round to explore the growth and development of GameFi. We believe GamePad has the potential to be a game changer in the blockchain space. Their unique solutions to solve rentions problems and experienced team with vast connections, will surely create massive value for partnered projects. We will help GamePad to establish in-depth cooperation with more high-quality Gamefi projects in the market, and reach win-win cooperation between the two parties” – Dora, Founder of OKX Blockdream Ventures
After the success of this round, Gamepad will disclose their other “top quality” investors in the next couple of days over at their Twitter account. This will be followed by the liquidity bootstrap sale of their token—the $GPAD token—at Copper Launch on March 29-31, 2022.
As of now, the IDO launchpad and NFT sales platform of Gamepad only runs on the Ethereum blockchain, but they assured that Binance smartchain and Solana will be supported shortly. Overall, Gamepad stated that they aim to make sure the games and metaverse under their accelerator have the best chance for long term growth and success.
“We built Gamepad.co after thoroughly understanding the inadequacies of generic launchpads and what gamefi, play to earn and metaverse projects really need to become the next Axie Infinity. Together, with our partners – Enjin.io, Okx Blockdream fund and 20+ other valuable funds and service providers, we envision to become the Ycombinator of the blockchain powered experiential products industry.” – Eric Su, Gamepad Founder
This article is published on BitPinas: Filipino-led Accelerator Gamepad Raises $2.5m Seed Round with Enjin and OKX Blockdream Ventures as Lead Investors
Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.