Alameda, Animoca and More Invest $6.5M in Rainmaker to Boost Play-to-Earn Crypto Gaming
Read the full article by Andrew Hayward here
Rainmaker Games aims to connect players with NFT guilds and automate time-intensive processes.
Rainmaker Games is building a platform to connect the rising play-to-earn games industry.
The startup raised a $6.5 million seed round including backers like Animoca Brands and Alameda Research.
Axie Infinity has displayed the potential for play-to-earn gaming and now others want to emulate this model. One of these projects is crypto startup Rainmaker Games, aims to provide the infrastructure and connective tissue to power the on-the-rise play-to-earn industry.
Today, Rainmaker revealed that it has raised a $6.5 million seed round to build out a platform around play-to-earn games.
Play-to-earn games allow players to own digital assets in the games and then it rewards the players with tokens that can be later swapped at crypto exchanges.
Instead, Rainmaker is built to be “synergistic” with their aims, said Deane, providing the framework and tools for guilds to find and onboard new players, manage their scholars, and save time and money by automating typically time-intensive processes.
“When we were running our guild, we realized how much time and effort was going into human management and onboarding,” said Deane. “If you look at any other industry—real estate, SAAS—everything has been optimized by tool sets. And there were no tool sets to help players get into this space, and then to help guilds find the right players.”
Major gaming and metaverse investor Animoca Brands as well as quantitative trading firm Alameda Research. Additional backers include Polygon Studios, CoinFund, Republic Realm, SkyVision Capital, and Merit Circle.
It has more than $3.6 billion worth of NFT trading volume to date, including nearly $754 million worth in November, per data from CryptoSlam. Sky Mavis co-founder and Growth Lead Jeff Zirlin also said last week at NFT BZL in Miami that the game now has 2.8 million daily players.
“Gaming will start to be a career,” he said, “and what we will see is these developing countries start to not be developing countries anymore.”