Gomble Games, the web3 arm of the Korean gaming studio ‘111%’ has successfully secured $10 million in funding aimed at driving its expansion into web3 space.
According to an exclusive report from Investing.com, the company plans to use the new funding led by prominent venture capital firms, including Spartan, Hashed, Shima Capital, Animoca Brands, Altos Ventures, IOSG Ventures, Foresight Ventures, BigBrain Holdings, to deliver a distinctive gaming experience to casual players worldwide, complete with sustainable reward systems.
Continuing Growth and Development
Gomble initially raised an undisclosed amount of funds from investors in April 2023 to launch its first mobile game, Rumby Stars. The game went live in the second quarter of last year.
The company also allocated part of the funding to enhance its platform using a gaming-as-a-service (GaaS) model.
Building on the success of the last funding round, the South Korean game developer plans to use the new capital to bring its Web2 gaming experience into the blockchain ecosystem, bridging the gap between traditional gaming and the emerging economy.
The upcoming games will focus on creating a sustainable economy and encouraging active participation.
The firm, known for incorporating blockchain into casual games, aims to develop accessible games for players’ enjoyment. The company’s approach to achieving its goal revolves around three fundamental principles: Dynamic Change, Reversal Opportunity, and Simplicity. These principles are designed to create an immersive and evolving gaming experience that rewards player engagement.
“At Gomble Games, we firmly believe in the power of collaboration and community in game development. Our vision is to create accessible games that are not just played but lived in, where every player’s input shapes the world they immerse themselves in through a very easy and engaging casual gaming experience,” said the company’s top executive, Chris Chang.
Gomble to Build Web3 Platform for Games
In addition to the games, the company plans to build a participatory, decentralized autonomous organization (DAO) platform where users can contribute to the ecosystem’s growth.
Once the platform is developed, players will be able to vote on governance proposals, upgrades, marketing, game production, and other aspects of the project.
Gomble’s innovative approach is poised to accelerate the integration of blockchain technology within the gaming sector. The firm aims to transition its successful Web2 gaming model to Web3, focusing on fair tokenomics and stable governance.
Players can earn a governance token known as $CRT by winning tournaments. The digital asset can be used to acquire non-fungible tokens (NFTs), tournament tickets, and in-game items.
Jihoon Byun, former COO of 111Percent, a South Korean casual game publisher, heads the company.
Its core team boasts extensive experience in game development and publishing, with notable achievements in Web2 and Web3 technologies at renowned organizations such as Google, SK Telecom, and Kakao Brain. The team has also worked for leading crypto trading platforms.
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