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HomeTechnologySocial gaming platform INK raises nearly $19M in funding

Social gaming platform INK raises nearly $19M in funding

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Austin-based startup INK Video games introduced it has secured $18.75 million in its newest spherical of fundraising. It plans to make use of this funding to construct out its platform, in addition to its Prize Kingdoms cellular sport.

This marks INK’s second spherical of funding, because it raised $9.5 million final September. The corporate’s platform is a social and Web3 commerce community, which permits customers to revenue from their attain. The INK Pay system pays customers for his or her stage of affect and viewers engagement.

Robert Towles, INK’s CEO and co-founder, instructed GamesBeat about what INK brings to the world of cellular gaming: “INK Video games presents the one platform the place billions of customers can receives a commission for enjoying video games and referring others. With our expertise, customers can onboard their whole connectivity and social attain — and monetize their viral attain, eternally.”

Towles added that the cellular market at current doesn’t supply sufficient to the customers: “A couple of years in the past, cellular informal avid gamers wished in-game incentives. Now, they perceive the large worth they carry — and so they count on to receives a commission. The tables are turning: Quickly, nugatory incentives received’t reduce it. Customers desire a significant share in revenues. Much more, billions of individuals now notice they maintain large affect by means of their social media, connections and following. They wish to wield this profitably and simply.”

Prize Kingdoms

INK Video games’ new launch is Prize Kingdoms, a “distinctive spin on the informal board sport class.” The studio is testing the sport in areas forward of an anticipated launch later this 12 months.

Josh Gause, INK’s CCO and co-founder, instructed GamesBeat in regards to the response to Prize Kingdoms up to now. “Customers are taking part in day by day, usually logging a number of hours of gametime. Importantly, our playtesting proves that we’re ‘a sport for everybody’ — and could have large enchantment to the worldwide gaming group. Engagement charges are already unimaginable throughout numerous segments and demographics, together with age and gender. Customers are blown away by the aggressive social options and alternative to win actual prizes. Full launch of Prize Kingdoms is scheduled for later this 12 months and we’re anticipating mass-market success.”

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