Unlike traditional companies, crypto and blockchain projects raise funds through decentralized fundraising techniques. This was first popularized by initial coin offerings (ICOs), a method that has become outdated. Today, crypto startups raise funds through Initial DEX offerings (IDOs) via launchpads.
Sadly though, as more launchpads are created, new crypto projects utilizing them often lack long-term sustainability. Most generic launchpads place a lot of emphasis on public token sales and are less concerned about the growth of the projects. This often results in token prices crashing immediately after exchange listings, with community momentum dying quickly.
But Gamepad plans to change the narrative. The Gamepad team launched the platform after carefully exploring the industry and understanding the inadequacies of generic launchpads and what GameFi and metaverse projects need to become the next most blockbuster blockchain gaming project.
What is GamepadCo?
Gamepad.co is a next-generation decentralized accelerator for projects built for the metaverse. The platform is designed to facilitate the long-term success of these projects as it curates, nurtures, and accelerates some of the top play-to-earn crypto games, guilds, and other metaverse projects.
Gamepad seeks to help metaverse startups build a strong and supportive community. Hence, it provides game makers and metaverse builders with a wide range of unique solution sets that will enable them to build growing and thriving communities around their projects.
The platform aims to become the Y Combinator of the GameFi and metaverse era. It features several solutions that are targeted at supporting projects’ long-term objectives and community strength, including an incubation program, an initial DEX offering (IDO) launchpad, an NFT sales platform, and more.
Currently, Gamepad’s IDO launchpad and NFT sales platform are designed to run on the Ethereum network. However, the project is making conscious efforts to add support for the Binance Smart Chain (BSC) and Solana networks.
A unique thing about GamePad is its council. Gamepad’s council is made up of skilled gamers, tokenomic designers, global funds, high-profile marketers, and expert builders. With its massive reach, strategic value, and technical innovations, the platform is doing as much as possible to offer promising projects an opportunity to capture mindshare in the industry and become long-term participants in their various niches.
Since its launch, Gamepad has attracted many projects and developers to its platform. Currently, 10 AAA blockchain games have joined Gamepad’s accelerator, with over 15 more projects waiting to be onboarded.
Gamepad Inks Two Major Investors
To help push its goals, Gamepad recently raised $25 million from investors interested in developing the metaverse and its related projects. Gamepad has also secured two major investors, Enjin and OKEx Blockdream Ventures, who co-led the investment round.
Enjin is a blockchain-based company that is focused on building innovative products that make it easy for everyone to create and use next-gen virtual economies. The company is one of the top NFT and GameFi pioneering teams in the industry.
Enjin believes that blockchain gaming, NFTs, and GameFi, in general, will drive the next wave of innovation in the gaming industry, and the firm would like to be a part of that growth. Hence, its involvement with Gamepad as an investor will help it provide support to promising metaverse projects that partner with the accelerator.
Enjin’s chief financial officer, Oscar Franklin Tan, acknowledged that Gamepad’s innovative solutions will greatly benefit projects on its platform.
The second lead investor is OKX Blockdream Ventures, the venture capital arm of the popular cryptocurrency exchange, OKX (formerly known as OKEx). Blockdream Ventures is focused on discovering and investing in some of the most cutting-edge blockchain-related projects, supporting projects with seamless access to capital and resources, and accelerating the development of blockchain technology.
Since its inception, OKX Blockdream Ventures has invested in several innovative blockchain-based projects across various sectors of the digital asset industry, including NFTs, Web3, the metaverse, and more.
The firm believes Gamepad has the potential to be a game-changer in the blockchain space. Consequently, it intends to help Gamepad establish deeper cooperation with more top-notch Gamefi projects in the market.
Gamepad plans to attract other high-profile investors to help drive its goal of developing the GameFi and metaverse sector.
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