Community Gaming, a platform that offers esports infrastructure to all key stakeholders in the industry and that is trying to automate the organization and payouts of esports tournaments, has just announced it has completed a fundraising led by blockchain-focused investment company CoinFund in which it has attracted $2.3 million.
Other participants in the seed round include Dapper Labs, Animoca Brands, Multicoin Capital, 1kx, Warburg Serres, and Hashed. In addition, some angel investors and venture funds from the gaming sector have also taken part on the fundraising, including Kevin Durant’s and Rich Kleiman’s Thirty Five Ventures, Marc Pincus’s WorkPlay Ventures, Play Ventures, WhaleShark and GenG Esports and Rally Network founder Kevin Chou.
Community Gaming makes use of blockchain technology to distribute rewards among gamers and offer a high-end tournament experience.
Among the services offered by the company, we have a web app for registration, tournament bracket management as well as player payments made possible thanks to DLT. In addition, credit card support makes the onboarding process a lot easier.
In order to create a tournament, users simply have to connect an existing MetaMask wallet, or alternatively, generate a new non-custodial wallet with a single click. This is a process that takes less than 5 minutes.
Community Gaming says it will use the funds to expand its presence into Latin America and South East Asia.