Circle of Games
Web3 casual gaming platform with tokenized rewards.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | $1.0m | Seed | |
| Total Funding | 000k | ||
Circle of Games is a Web3 multi-gaming platform designed to integrate skill-based casual games with blockchain technology. The company was co-founded in 2021 by Rabilal Thapa (CEO), Rajeeb Timsina (CMO), and Shailesh Pritam (CTO). Thapa has a background as an angel investor and serial entrepreneur with experience in launching and scaling startups. Timsina brings marketing expertise from his time at other ventures, and Pritam has a history as a lead game developer.
The platform offers a variety of free-to-play casual games, allowing players to compete against each other and earn tokenized rewards in the form of its native utility token, $COG. This model is part of the play-to-earn (P2E) and skill-to-earn gaming sectors. By participating in tournaments and completing missions, players can accumulate $COG tokens, which can be used for in-game purchases or traded on cryptocurrency exchanges. The business model combines revenue from in-app purchases and transaction fees within its ecosystem. Circle of Games targets the global casual gaming market, aiming to attract both Web2 gamers and Web3 enthusiasts by providing a user-friendly interface that simplifies the onboarding process into the world of blockchain gaming.
The company has secured funding from various venture capital firms, including The Hashgraph Association and Nazara Technologies, which acquired a stake in the company. Its token, $COG, is built on the Hedera network. Keywords: Web3 gaming, play-to-earn, skill-to-earn, casual games, blockchain, cryptocurrency, mobile gaming, $COG token, Hedera network, esports