Banger Games
Creates the social gaming solution through connecting creators, social, and competitive players to provide unlimited possibilities for gamers.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor | €0.0 | round |
| N/A | €0.0 Valuation: €0.0 | round | |
| N/A | €0.0 | round | |
* | €10.0m | Early VC | |
| Total Funding | 000k | ||
| EUR | 2021 | 2022 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
Related Content
Established in 2020 by Borja Villalobos and Nicolas Gonzalez Keller, Banger Games is a Madrid-based company that developed a decentralized gaming hub on the blockchain. The firm's stated mission was to create a unified ecosystem for gamers, addressing the fragmentation they perceived across the expanding metaverse, crypto, and VR landscapes. Founder Borja Villalobos was motivated to explore blockchain's potential to empower gaming communities after a period of research, and he co-founded the company with Nicolas Gonzalez Keller.
The Banger Games platform was designed as a Play2Earn ecosystem, functioning as a monetization tool for gamers, content creators, and businesses. It aimed to connect players with publishers and brands, allowing them to earn rewards for their engagement. The core of the business model revolved around a proprietary cryptocurrency, the Bomb coin, intended to serve as a global gaming currency. Revenue was anticipated through various streams, including commissions and other crypto-enabled monetization methods. The platform's key features were to include automated "SMART Tournaments" run on smart contracts, a Battle Pass, in-game achievements, and a peer-to-peer cloud gaming service allowing users to rent out their hardware processing power.
In February 2022, Banger Games announced a significant seed funding round of €10 million ($11.3M USD). The round attracted a wide array of investors, including Avalanche, Shima Capital, GSR, and angel investor Jaynti Kanani, a co-founder of Polygon. The company established technical partnerships with IBM for an anti-cheat client and also worked with Chainlink and Polygon. However, by October 2023, reports emerged of significant financial issues, with allegations of mismanagement and the company's website and social media channels becoming inactive.
Keywords: Banger Games, Play2Earn, blockchain gaming, gaming hub, SMART tournaments, Bomb coin, Borja Villalobos, Nicolas Gonzalez Keller, decentralized gaming, metaverse, crypto gaming, Web3 gaming, NFT rewards, gaming currency, P2P cloud gaming, gaming ecosystem, game monetization, Polygon, Avalanche, virtual economy