Circle of Games secures $1 million of strategic funding from Nazara Technologies and The Hashgraph Association
Summary
The company recently pledged USD 100 million to invest in successful and innovative brands and IPs with cutting-edge technology in the Web3, Virtual Reality, and AI space.COG intends to use this funding to fast-track its go-to-market strategy, improve platform capabilities, and widen its international presence in the US, EU, Middle East, Africa, and Asia in 2024. These partnerships provide COG unique and immediate access to a 500+Mn gaming community in 50+ countries.COG has implemented multi-chain technology, with Hedera being the primary mainnet where the majority of on-chain transactions occur, and is empowering players with full ownership and control over their in-game assets and tokens. I would like to express my sincere gratitude to Nazara, Kamal Youssefi, President of The Hashgraph Association, Stefan Deiss, Co-Founder & CEO of The Hashgraph Group the service delivery and venture building arm of THA and Anindya Roychowdhury, Head of Ventures of THG (whose relationship with Nazara goes back 25 years), for their invaluable and comprehensive support in the development of this strategic partnershipThis partnership will also unlock many possibilities for COG to internationally leverage these resources through its Distribution Infrastructure Network (DIN). 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 spaceThe 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.The post Circle of Games secures $1 million of strategic funding from Nazara Technologies and The Hashgraph Association appeared first on CryptoPotato.