Blockchain game publishing platform secures $5m funding
A blockchain games company has announced $5 million in funding from investors.
EON Foundation will use the funding to launch the ‘EON Protocol’ , which is designed to help game developers find players, and continue building its decentralized game network, the EON Network.
“Our goal is to be the number one blockchain game publisher in the world,” said Aron Lyu, EON Foundation’s CEO and co-founder.
“Common publishing considerations like maximizing profit or finding an audience are totally different on blockchain. We’ve built successful blockchain games and now we want to help other developers thrive in this emerging market.”
The blockchain powered EON Protocol provides a publicly-accessible system of ‘smart contracts’ that can be used to exchange traffic among developers and gamers.
It will also help developers easily launch their games on different blockchains such as Ethereum and EOS.
The company’s first game, Crypto Alpaca, launched earlier this year and already has over 200,000 registrations.
The pet-raising simulation game allows you to adopt and breed alpacas, a similar concept to CryptoKitties.
While existing crypto games are largely driven by community-assigned value based on personal aesthetic choices, Crypto Alpaca has a offers the ability to earn rewards based on your participation in the game.
ARCat, an augmented reality pet-raising simulator launched by EON Foundation’s strategic partner InnoVision, will accept the EON token as well.
“We see gaming as a big market for blockchain applications,” added MK Li, a partner at UpHonest Capital.
“EON Foundation has a top-tier team of game veterans and blockchain experts, and I believe in their ability to add great value to the blockchain ecosystem.”