Mobile major supercellThe company behind the hit mobile games “Clash of Clans” and “Clash Royale” has invested in a cryptocurrency gaming startup. games for life As part of a broader $3.2 million seed funding round.
games for life (GFAL) was co-founded by Trip Hawkins, founder and CEO of video game giant Electronic Arts (EA). As Chief Strategy Officer, this startup is developing games based on: NFT and cryptographic tokens.
With the new capital injection, the startup plans to expand its core team and accelerate its production plans. This comes after the launch of the GFAL token sale, which brought in $4.4 million in capital last year.according to CoinGeckothe price of the GFAL token has increased 235% since March 2023, but the market capitalization is relatively low at $42 million, making it the 748th most valuable cryptocurrency on the market as of this writing. .
“It was an honor to work with the team early in my career,” Supercell CEO Ilka Paananen said in a release. “We are excited to be a part of their journey and see all the great things they accomplish.”
In addition to Supercell in this latest round of funding, former gaming entrepreneur and video game executive Mitch Lasky and Heinrich Zettlemeier, former co-managing director of esports tournament operator ESL, also invested. did.
“GFAL really blossomed last year,” Hawkins said in the release. “I have great respect for Ilkka, Mitch, Heinrich and our team and am proud that this investment has given us a clear belief. We look forward to next year. We have the resources to achieve and continue our growth.”
Last year, the startup soft-launched the game elemental raiders, is still in development and will only be released in limited regions of the world. In its funding announcement, the studio claims that the game's performance and metrics have been “steadily improving” since March 2023.
Edited by Andrew Hayward
