Circle of Games secures $1 million of strategic funding from Nazara Technologies and The Hashgraph Association
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Dubai, United Arab Emirates, April 18th, 2024, Chainwire
Circle of Games (COG), a premier Web3 multi-gaming platform, is set to deploy its recent funding to accelerate its market entry strategy, enhance platform capabilities, and broaden its geographic footprint throughout the US, EU, Middle East, Africa, and Asia in 2024. With a current user base of 250,000 and an ambitious target to reach 100 million gamers by 2026, COG plans to expand its game offerings from 6 to more than 10 in 2024, aiming to secure a larger segment of the global casual and hyper-casual gaming market. Additionally, COG is on track to introduce its native token, the $COG Token, by the end of the second quarter of 2024, which will offer a more innovative and enriched user experience.
This investment and strategic collaboration will further enable COG to effectively utilize its Distribution Infrastructure Network (DIN) on a global scale, enhancing the distribution and monetization of gaming content internationally.
In conjunction with this investment, COG continues to capitalize on its strategic partnerships with Chingari, Solana, KGeN/IndiGG, Foundership, and various Gaming Guilds/DAOs. These alliances grant COG immediate access to over 500 million users across more than 50 countries, reinforcing its position in the market.
Rabilal Thapa, CEO and Co-Founder of Circle of Games, mentioned, “this investment & partnership entails strategic guidance, global network access, and support from Nazara, as well as access to vast game collections, ecosystems, and advanced technology from The Hashgraph Association, all aimed at facilitating COG’s global growth”.
Kamal Youssefi, President of The Hashgraph Association said: “We are pleased to further empower the global Web3 gaming industry through our co-investment with Nazara Technologies in Circle of Games – the leading Web3 multi-gaming app aiming to onboard the next billion users onto the Hedera network.”
About Circle of Games:
Circle of Games, headquartered in the British Virgin Islands, is a pioneering web3 multi-gaming platform founded by Rabilal Thapa (CEO), Rajeeb VC (CTO), and Rohit Tiwari (CMO). United by their visionary ambitions, they conceived a robust web3 casual multi-gaming platform. Established in 2022, the gaming app has garnered over 250,000 registered Android users, with its user base expanding rapidly. The platform is scheduled to launch its app on iOS devices by Q2. COG is driven by the vision to onboard 100 million users to Web 3 by 2026, achieved through the creation of an ecosystem featuring multiple skill-based and casual games.
About Nazara Technologies Ltd.
Nazara is India’s only listed gaming & esports company with majority ownership of several leading gaming & esports brands with presence in India, US and other global markets. In esports, Nazara has India’s leading esports platform Nodwin; and Sportskeeda / Pro Football Network in the sports media space. Nazara’s offerings across the interactive gaming segment include gamified early learning ecosystems Kiddopia and Animal Jam which are global leaders in their respective segments; India’s most popular cricket simulation franchise World Cricket Championship (WCC) and a wide portfolio of casual games distributed through telco partnerships in many emerging markets. In addition, Nazara controls Datawrkz, a digital ad tech company which supports its other portfolio companies as well as external clients for demand-side user acquisition and supply-side ad monetization services.
Nazara is an aggressive investor in the global gaming ecosystem and is on the lookout for successful and innovative brands and IPs with cutting-edge technology in the web3, Virtual Reality, and AI space
About The Hashgraph Association
The Hashgraph Association is at the forefront of the digital enablement and empowerment of organisations through the broad adoption of Hedera-powered enterprise-grade solutions and decentralized applications, including funding training, innovation, and venture building programs globally. As a non-profit organization headquartered in Switzerland, The HashgraphAssociation supports and funds innovation, research, and development that enables economic inclusion and a digital future for all, with a positive environmental, social, and governance (ESG) impact.
For further information about The Hashgraph Association, users can visit here.
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Prity Roy
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