Original author: Gaming Wire

Original title: Kokomo Games Enters Web3 Gaming with Oversubscribed Angel Round

Original source: Decrypt

Compiled by: Koala, Mars Finance

Kokomo Games, a unified multi-chain mini-game ecosystem, recently announced its entry into the Web3 gaming market. Kokomo Games was founded by industry veterans who have been involved in the development of games such as Call of Duty Mobile and League of Legends, and have extensive experience in scaling Web3 token projects and developing well-known decentralized applications (DApps). Kokomo Games improves the gaming experience by introducing Web3 technology to traditional Web2 casual games.

Kokomo Games introduces a new approach and creates a unique retention mechanism never seen before in GameFi, combining the engaging gameplay of proven Web2 concepts with financial incentives and rewards unique to Web3. The project builds a unified ecosystem in which players' personal input and skills can be directly rewarded with real-world value, while community activities are closely linked to community rewards.

Kokomo Games has received support from a diverse group of investors in its early stages. The company’s angel round was oversubscribed, with investors including well-known backers such as DAO Jones, including Steve Aoki and Linkin Park’s Mike Shinoda. Angel investors from well-known institutions such as The Sandbox, Crypto.com Capital, SoftBank, Kraken, Republic, etc. also participated in the investment.

“At Kokomo Games, we are simplifying Web3 gaming by focusing on proven Web2 gaming experiences and adapting them through successful blockchain models to enhance them in a community-driven, everyone-wins environment,” said Ben Seipt, Studio Head at Kokomo Games. “Our vision is to build an ecosystem of casual, social, and competitive mini-games where players earn real rewards and incentives across hundreds of simple, fun games across multiple platforms.”

This experienced team brings together members from Activision, Riot Games, Gala Games, LimeWire, SuperRare, Bitpanda, and Oxford and Cambridge University, who have extensive core contribution experience in the gaming and Web3 fields; successfully launched and scaled token projects with a market value of over $1 billion, raised over $20 million for various projects, and attracted over one million users to Web3 DApps. Kokomo Games introduces a unique token model designed to accumulate value as the gaming ecosystem grows, providing players with opportunities for rewards based on engagement and skill.

Kokomo’s first game, One Million and One Kokos, aims to redefine the viral Web3 clicker model, inspired by similar viral Web2 concepts but with Web3 elements and a competitive multiplayer experience. The game will be launched on Telegram, the hottest platform for blockchain gaming.

About Kokomo Games: Kokomo Games is committed to advancing the GameFi experience in a simplified way, integrating the best of Web2 and Web3 technologies, structures, and incentives. Founded by Web3 and gaming industry veterans from industry leaders such as Activision, Riot Games, and Gala Games, the team is committed to transforming casual mini-games into a rewarding experience where players can earn real-world value in a social, community-driven, competitive environment. With the support of well-known investors, Kokomo Games is setting a new standard for game economies.