UAE-based gaming technology startup PlaysOut has successfully raised $7 million in its seed funding round, bringing its valuation to $70 million. This investment, led by major venture capital firms including KBW Ventures, OKX Ventures, and Pacific Century Group, reflects the increasing confidence in PlaysOut’s mission to revolutionize blockchain-powered mini-games. The company aims to integrate mini-games seamlessly into social media and messaging platforms, making blockchain gaming more accessible and engaging for a global audience.
PlaysOut’s Unique Approach to Blockchain Gaming
Founded in 2024 by Jassem Osseiran and Jimmie Jeremejev, PlaysOut has developed a cutting-edge platform that enables the embedding of mini-games within popular platforms such as Telegram, Discord, and YouTube. By offering a robust mini-game engine and a comprehensive software development kit (SDK), the company empowers developers to integrate gaming experiences into widely used applications.
PlaysOut leverages blockchain technology to provide secure digital transactions, allowing users to participate in gaming economies with confidence. By combining entertainment with decentralized financial models, PlaysOut creates new monetization opportunities for both game developers and social media platforms.
Strategic Use of Seed Funding
With this latest round of funding, PlaysOut is focusing on expanding its operations in key markets, particularly in the United States, the Middle East and North Africa (MENA), and Asia. The investment will be allocated to the following strategic initiatives:
- Expansion of Game Library: PlaysOut plans to significantly increase the number and diversity of mini-games available on its platform to cater to a broader audience.
- Enhancement of Developer Tools: The company is refining its SDK to provide an even more seamless integration process, making it easier for developers to build and launch games.
- Launch of Embedded SDK: PlaysOut is set to release its embedded SDK in May, enabling the efficient deployment of mini-games across multiple social media platforms.
- Strengthening of Technical Infrastructure: A portion of the funds will go toward optimizing the platform’s blockchain capabilities, ensuring enhanced security and scalability.
Investor Confidence in Blockchain-Powered Gaming
The participation of OKX Ventures, a firm specializing in cryptocurrency and decentralized applications, highlights the growing interest in blockchain gaming solutions. Their investment underscores PlaysOut’s potential to drive innovation in the gaming space by merging blockchain technology with social media-based interactive experiences.
KBW Ventures and Pacific Century Group, both known for investing in cutting-edge technology startups, bring additional expertise and resources to PlaysOut’s expansion efforts. Their backing signifies a strong belief in PlaysOut’s vision of transforming blockchain gaming into a mainstream entertainment model.
The Evolution of Blockchain in Gaming
The gaming industry is experiencing rapid transformation due to the increasing adoption of blockchain technology. Several key trends are shaping the future of blockchain-powered gaming:
Play-to-Earn (P2E) Business Models
Play-to-Earn (P2E) gaming models have gained traction, allowing players to earn digital assets or cryptocurrencies by participating in in-game activities. This shift not only enhances user engagement but also introduces new economic models that attract both gamers and investors.
Integration of Non-Fungible Tokens (NFTs)
The inclusion of NFTs in games has revolutionized in-game asset ownership. Players can now buy, sell, and trade unique digital items, fostering a more personalized and financially rewarding gaming experience. The demand for NFT-based gaming is expected to continue growing as more players seek true ownership of their virtual assets.
Interoperability and Decentralization
Blockchain technology enables interoperability between different games and platforms, allowing players to move digital assets seamlessly across various ecosystems. This decentralization fosters a more interconnected gaming experience and removes reliance on single-platform monopolies.
PlaysOut’s Role in the Future of Blockchain Gaming
PlaysOut is at the forefront of shaping the next generation of blockchain gaming. By bridging the gap between gaming and social media platforms, the company is making blockchain gaming more accessible, engaging, and monetizable. With its upcoming SDK launch and continued expansion, PlaysOut is poised to become a leading player in the decentralized gaming space.
The successful $7 million seed funding round solidifies PlaysOut’s credibility and highlights the growing market demand for blockchain-based entertainment solutions. As the industry evolves, PlaysOut’s innovative approach will likely set new standards for interactive gaming experiences.
By staying ahead of trends and leveraging blockchain’s potential, PlaysOut is paving the way for a new era of gaming—one where entertainment, ownership, and financial opportunity converge into a seamless and dynamic ecosystem.
