Today, Cocos-BCX, a blockchain gaming platform, announced the completion of a funding round, raising $40 million. Most of these funds were invested by large cryptocurrency companies, including Binance Labs and NEO Global Capital, as well as traditional venture capital firms.
Cocos-BCX representatives said they plan to develop a platform where game developers can “create, launch, manage and scale their games across all major blockchain platforms.” The startup launched in early March 2018 and has since grown to a team of 40 people across the company's offices in Beijing, Seoul, Tokyo and San Francisco.
Cocos-BXC's main focus up to this point has been building strong partnerships as the startup strives to support the development of decentralized games across all blockchain platforms. The company's partners include Loom, Ontology, Nebulas and Cell Evolution.
Both Binance and NEO have previously demonstrated interest in blockchain gaming. Head of Binance Labs Ella Zhang noted that her company sees huge potential in the as yet untapped niche of blockchain gaming:
“Gaming on the blockchain has the potential for rapid growth, but few people play such games and use such applications yet. We hope that the Cocos-BCX initiative will help increase the variability of blockchain use and identify even more opportunities for this technology.”
According to sludgefeed.com
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