Odaily News Dubai-based blockchain cloud gaming infrastructure company The Game Company (TCG) has raised $10 million in equity and token funding, with participation from Telcoin and its CEO Paul Neuner, BullPerks, NodeMarket, HyperCycle and Singularity DAO.
The company said that over the past two years it has built a platform that can be used to play any game on any device in the world, whether through a PC or console, and uses its proprietary ultra-low latency cloud technology to deliver high-performance games. The Game Company has piloted the system with several early adopters. In September 2024, TGC announced a strategic partnership with Aethir, a GPU-based decentralized computing infrastructure provider. It has since joined Google and Microsoft's startup programs.
The company said it aims to deploy its native token and publicly launch the product later this year. The new funds will be used to enhance the platform and integrate the Web3 and Web2 ecosystems.
TGC raised $5 million in April 2023, with a post-money valuation of $40 million, and also raised $7.5 million through token sales. (Venture Beat)