Animoca and Spartan invest $10 million in Web3 gaming studio Gomble Games

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Web3 gaming platform Gomble Games has secured $10 million in funding from leading crypto and gaming investors including Spartan and Animoca Brands. The spinoff of the game studio ‘111%’ aims to bridge Web2 and Web3 gaming through titles focused on dynamic change, reversal opportunity, and simplicity.

“At Gomble Games, we firmly believe in the power of collaboration and community in game development,” said Chris Chang, CBO at Gomble Games. “Our vision is to create accessible games that are not just played but lived, where every player’s input shapes the world they immerse themselves in.”

The funding backs Gomble Games’s goal of sustainable gaming economies where titles generate revenue based on user engagement, rewarding both players and developers. The project plans for an inclusive decentralized autonomous organization (DAO) where users contribute to marketing, production, and more.

“By fostering a space where every contribution is valued and rewarded, we are not just creating games but building a community where everyone has a stake in our success,” Chang added.

The GameFi industry is seen as a hot sector of the blockchain industry by different industry players. One of these players is Binance, which mentions “Gaming” as one of the themes investors should keep an eye out for this year in its “Full-Year 2023 & Themes for 2024” report.

“With the boom in mobile gaming, we believe that hypercasual mobile games would be one of the main drivers of users into web3. The crypto-native Gomble Games team adeptly leads this charge,” concludes Kelvin Koh, co-founder of Spartan.

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