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The Game Company (TGC)a Dubai-based startup, has announced the successful closure of a $10 million funding round. This capital infusion, secured through a combination of equity and token sales, is earmarked for the development of TGC’s groundbreaking cloud gaming platform, which uniquely integrates blockchain technology to enhance user experience and accessibility.
The recent funding round was led by Telcoin and its CEO, Paul Neuner, with significant contributions from BullPerks, Singularity DAO, and over-the-counter investments facilitated through NodeMarket. This investment follows an initial $5 million raised in April 2023, bringing TGC’s total funding to $15 million.
The company plans to deploy its native cryptocurrency token and publicly launch its product later this year, signaling a strategic move to integrate blockchain elements into the gaming ecosystem.
Founded in Dubai, United Arab Emirates, The Game Company is at the forefront of merging cloud gaming with blockchain technology. Over the past two years, TGC has been developing a platform that allows users to play any PC or console game on any device, anywhere in the world. This is made possible through TGC’s proprietary low-latency technology, which ensures lag-free gameplay without the need for specialized hardware or software.
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Driving TGC is Chief Executive Officer and co-founder Osman Masud, who’s committed to enabling access to great quality gaming worldwide, free of traditional hardware-bound requirements. According to Masud, the latest round of funding “validates our approach toward making gaming available globally and allowing anyone to have it without hardware or software bounds.”
The company’s patented low-latency technology allows for simple, lag-free gameplay on any device. TGC’s innovative approach enables access to popular titles like Call of Duty, Fortnite, and Rocket League without needing specific hardware, software, or downloads.
To further enhance the gaming experience, TGC makes use of blockchain technology, introducing features such as decentralized asset ownership and seamless transactions within the gaming ecosystem.
The gaming industry has long grappled with issues related to hardware accessibility, latency, and the centralized nature of game distribution. TGC’s cloud-based solution addresses these challenges by eliminating the need for expensive gaming hardware and reducing latency through its proprietary technology.
The integration of blockchain adds a layer of decentralization, offering players true ownership of in-game assets and fostering a more transparent gaming environment.
In September 2024, TGC announced a strategic collaboration with Aethir, a provider of decentralized GPU-based compute infrastructure. This partnership aims to enhance TGC’s platform by leveraging Aethir’s decentralized computing resources, further reducing latency and improving scalability. Additionally, TGC has joined Google’s and Microsoft’s startup programs, positioning itself to leverage the resources and networks of these tech giants.
The market potential for TGC’s platform is significant, as evidenced by the over 500,000 users who have already joined the waitlist. This strong interest underscores the demand for accessible, high-quality gaming experiences that transcend traditional hardware limitations.
By offering a solution that combines the convenience of cloud gaming with the benefits of blockchain technology, TGC is well-positioned to capture a substantial share of the evolving gaming market.
With the infusion of $10 million in new funding, TGC is poised to accelerate the development and deployment of its cloud gaming platform.
The company plans to enhance platform integration within both Web3 and Web2 ecosystems, aiming to “take on legacy cloud-gaming with a twist of blockchain,” according to CEO Osman Masud. The upcoming launch of TGC’s native cryptocurrency token is anticipated to further enrich the user experience by facilitating seamless transactions and fostering a vibrant in-game economy.
As TGC moves toward its public product launch later this year, the company is focused on scaling its infrastructure to meet the anticipated demand from its extensive waitlist. By continuing to innovate at the intersection of cloud gaming and blockchain technology, TGC aims to redefine the gaming experience, making high-quality, lag-free gaming accessible to users worldwide, regardless of their hardware capabilities.