Pantera Capital (Pantera) has invested in GAMEE, the mobile gaming platform that created the popular game WatBird and is a subsidiary of Animoca Brands.
According to a statement from Animoca Brands, GAMEE plans to use the money to increase its visibility on The Open Network (TON) with WatBird, a popular game that connects and onboards Telegram users to Web3 through entertaining gameplay that is reminiscent of memes.
The statement claims that GAMEE is incorporating TON-based digital assets, including as tokens and NFTs, into its gaming experiences on Telegram in an effort to increase its visibility on the TON ecosystem.
Through community-driven market activations on GAMEE’s Telegram Mini App, the company hopes to draw more gamers, Web3 communities, GameFi investors, and Telegram users to the TON ecosystem. To date, over 4 million GAMEE users have linked their TON Wallets to WatBird.
Pantera’s investment comes after GAMEE recently obtained funding from TON Ventures.
It is stated that Pantera, which presently oversees more than $5 billion in assets, is the first institutional investment business in the US to concentrate solely on blockchain technology.
Pantera expressed its belief in the potential of the TON ecosystem in a recent letter, calling it the biggest investment in the company’s history.
Among Pantera’s initial investments in the TON ecosystem is GAMEE, a prominent gaming platform on Telegram.
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Among the more than 100 games available on GAMEE is the popular game WatBird, which has drawn 3 million daily active players.
“Pantera Capital’s investment in GAMEE represents a significant vote of confidence in our vision to seamlessly integrate Web3 mechanics into the gaming experiences we’ve cultivated for our community of 90 million gamers, This support will help us accelerate our mission to strengthen the community’s engagement with the TON ecosystem,” said Bozena Rezab, Co-founder of GAMEE.
Animoca Brands has owned GAMEE since 2020 since its founding in 2015. The goal of the highly engaged mobile gaming platform GAMEE is to introduce a large number of players to Web3.
It has supplied over 10 billion gameplay sessions across several ecosystems and has over 90 million registered users. Together, its WatBird games and WatPoint mining have brought 4 million user wallets into the TON network.
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More than 40 significant Web3 communities, such as Mocaverse, TON, Notcoin, Decentraland, The Sandbox, Cool Cats, and others, are partners of the company. The first institutional investment firm dedicated solely to bitcoin, other cryptocurrencies, and blockchain tech businesses is Pantera Capital.
Cosmo Jiang, portfolio manager at Pantera, said they are excited to be able to support the growth of applications within the TON ecosystem. We have been impressed by the traction that GAMEE has found with its Telegram Mini App games and look forward to seeing it expand its presence on TON,” he added.
In 2013, the company introduced the country’s first cryptocurrency fund at a price of $65 per bitcoin. It then introduced the first venture fund focused solely on blockchain technology. Pantera was the first company to launch an early-stage token fund in 2017. Over $5 billion is managed by the company using three different strategies: venture, hedge, and passive.
About Gamee
GAMEE is a popular play-to-earn platform with 30 million members.They aim to highlight blockchain’s worth to mainstream gamers and reward ability, effort, and devotion. Leading blockchain gaming startup Animoca owns GAMEE.
