Crypto gaming accelerator raises $2.5m in seed money

GamePad, a decentralized accelerator for crypto games, guilds, and metaverses, has raised US$2.5 million at a valuation of US$25 million in its seed round.

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The latest round was led by Enjin, an NFT and GameFi firm, along with OKX Blockdream Ventures.

GamePad curates and accelerates GameFi, guilds, and metaverse projects. It features an incubation program, launchpad, and a NFT platform, among other things, to support projects’ long-term fundamentals and community strength.

The company aims to be the Y combinator of GameFi and metaverse projects by using the team’s resources and technical know-how. Its team of over 20 developers and operational management has been working on launchpads, GameFi, contracting, and blockchain development for more than 10 years.

GamePad said most launchpads focus on the public sale of digital assets, resulting in the token price crashing after it lists and good projects losing momentum in the community quickly.

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“We are already seeing that GameFi, blockchain gaming, and game NFTs without a doubt will be the biggest disrupter to the gaming industry,” said Oscar Franklin Tan, CFO of Enjin.

OKX Blockdream Ventures is an investment firm under trading platform Okx. It is focused on investing in blockchain projects worldwide and promoting sustainable development across the industry globally. The firm has an initial capital of US$100 million.