The Game Company raises $10 million to launch cloud gaming platform

Dubai-based blockchain start-up The Game Company has raised $10 million. 

The funding will support the launch of its cloud gaming platform to allow players access games like Call of Duty, Fortnite, and Rocket League on various devices without specific hardware or software. 

TGC also said that most of the new capital will be used to improve the platform and integrate it into both web3 and web2 ecosystems to challenge traditional cloud gaming with blockchain innovation.

Telcoin and its CEO Paul Neuner led the funding with participation from BullPerks and Singularity DAO, alongside investments through NodeMarket. This latest round follows an initial $5m raised in April 2023, with the company valued at $40m post-money.

TGC said the platform has already garnered over 500,000 waitlisted users and conducted successful alpha testing in 33 regions. It currently offers over 1,300 titles from platforms like Steam, PlayStation, and Microsoft Store.

Leveraging blockchain to compete 

“This funding validates our approach to addressing gaming worldwide and making it accessible to people anywhere in the world, without any hardware or software restrictions,” said The Game Company CEO Osman Masud. 

“Our proprietary patented technology allows us to compete within the industry with the power of blockchain, making it easy for anyone, anywhere in the world to play PC or console games, lag-free through cloud gaming.” 

Telcoin CEO and co-founder Paul Neuner added: “The Game Company's cloud gaming platform perfectly aligns with the Telcoin Association's vision."

“By leveraging mobile operator infrastructure globally to connect users with premium gaming experiences, they demonstrate exactly how Telcoin Network can transform access to web3 services worldwide through existing telecom channels.”