Wallet Not Needed: Traditional gamers will now seamlessly earn crypto rewards without needing a crypto wallet.
GamerGains Lab, Inc. (GamerGains) recently closed a $5.8 million seed round. This is to develop the first crypto-based P2E earn platform serving millions of traditional gamers around the world. These gamers use both PCs and consoles and can earn crypto rewards without a digital wallet or previous crypto experience.
Seed funding is coming from high-profile tech, blockchain, and crypto investors.
GamerGains say that this will create an accessible on-ramp for traditional gamers to get the benefits of Web3.
Jon Brovda is the CEO of GamerGains. “Our vision for GamerGains is to combine our passion for traditional PC and console gaming with Web3 innovations, allowing gamers at all levels to play and earn through fair, transparent challenges, contests and tournaments. GamerGains is designed to be a crypto-enhanced home for traditional gamers – with ongoing support for their favorite consoles and titles.”
Wallet not needed
GamerGains says that the platform will eliminate the technological, economic, and professional barriers that have held back gaming platforms. “The platform is designed for all gamers, from those who enjoy casually playing alone, to advanced players who will utilize the platform for e-sports, large contests and tournament competitions.”
Max Shapiro is the Managing Partner of Cadenza Ventures, one of the investors. “GamerGains possesses key elements we look for in an investment: a large addressable market, well-defined and compelling products or services with a clear competitive advantage, and an outstanding team. We were early investors in BlockFi, where Jon was a foundational member of the team and contributed to the spectacular growth of the business. That experience, combined with the team’s excitement and motivation, will revolutionize the gaming space.”
Kooshul Jhaveri is an investor via Tiger Global. “The combination of gaming and Web3 presents exciting opportunities, and GamerGains has demonstrated the clarity to focus on the most dedicated gaming enthusiasts with deep and durable communities. The team’s understanding that traditional gaming is at the heart of this evolving market, and yet remains underserved for the future.”
GamerGains co-founders are Jon Brovda and his brother Jacob Brovda, and Kane Jeong. The Brovda brothers have spent a collective 40,000 hours gaming. They say they were frustrated by third-party gaming platforms, which had “rampant scoring disputes, payment fraud, high fees, and inadequate technology.”
The co-founders were early adopters of cryptocurrencies, first dipping into crypto in 2012. They say that they “understand the potential to leverage blockchain technology to enable borderless, seamless, and transparent rewards and tournament wagering, reimagining the future of competitive gaming.”
GamerGains will launch in beta for PC games later this year, and consoles after that.
To sign up for the waitlist to beta test the platform and join the GamerGains Discord click here.
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