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Blockus Secures $4 Million in Pre-Seed Funding
Blockus, a leading web3 gaming tech stack and payments provider, has successfully secured $4 million in pre-seed funding. The round was led by Maple VC, with participation from Altos Ventures and notable angel investors, including Zhuoxun Yin, Michael Ma, and Bryan Pelligrino.
Notably, this funding round comes on the heels of Blockus’s participation in a16z Crypto’s Startup Accelerator, which not only facilitated introductions to key advisors but also connected the company with its pre-seed investors.
Fostering Innovation in the Gaming Industry
Jess Zhang, the CEO and cofounder of Blockus, expressed gratitude for the trust and support received from investors like Maple VC. Zhang highlighted the significance of this funding milestone as a pivotal moment in Blockus’s journey towards driving innovative solutions in the gaming sector.
Blockus’s technological platform is designed to streamline the onboarding process of players and enable game studios to easily incorporate on-chain features for their games. With a “wallet-as-a-service” model, a white-label NFT marketplace, and comprehensive payments processing capabilities for fiat and cryptocurrency transactions, Blockus empowers game studios to focus on game development without the complexity of managing blockchain infrastructure.
Establishing Strong Partnerships
Blockus has cultivated relationships with over 30 partners, including prominent names in the web3 gaming landscape such as Ambrus Studio and leading gaming chains like Polygon and Sui. Moreover, Blockus extends support to traditional gaming platforms like Unreal Engine by Epic Games.
Johnson Yeh, CEO of Ambrus Studio, commended Blockus’s commitment to innovation in the gaming industry and emphasized the immense potential of web3 technology in transforming the gaming landscape.
Pioneering Web3 Gaming Growth
Despite persistent consumer skepticism towards cryptocurrencies, the rise in dApp activity paints a promising picture. In February 2024, a record-breaking 6.7 million daily unique active wallets engaged with dApps, with a substantial portion engaging with gaming dApps.
Analysts foresee exponential growth in the web3 gaming market, with a projected market size exceeding $600 billion by 2030, as compared to $8.9 billion in 2023. Blockus aims to leverage this growth potential by catering to the needs of blockchain game developers and fostering a new era of decentralized gaming.
Accelerating Growth and Development
The recent funding infusion will enable Blockus to scale its operations, enhance its team, fortify sales activities, and drive product development initiatives. To commemorate this achievement, Blockus is offering $20,000 in credits to prospective clients over the next two weeks.
Furthermore, Blockus will be present at the upcoming Game Developers Conference (GDC) and invites web3 gaming enthusiasts to join its offsite event on March 21 at 7pm at the SPIN bar.
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