- Pnkfrg, a brand new gaming studio constructing cell F2P video games on the Bitcoin Lightning Network simply raised $3 million.
- The funds shall be used to develop video games focusing on a F2P round creator financial system with an informal expertise.
- The studio primarily based in Berlin and Helsinki consists of workforce leads from the Candy Crush Saga.
Pnkfrg studios, a cell gaming studio startup designing video games for the Lightning Network on Bitcoin, has raised over $3 million in a seed spherical, in accordance to a press launch despatched to Bitcoin Magazine.
The funds shall be used to develop an informal gaming expertise constructed on the Lightning Network. With a core deal with cell gaming, pnkfrg studios focuses on free-to-play (F2P) economics which permit taking part players to interact in economies with out requiring funds be spent to benefit from the sport. The studio intends to combine the creator financial system into the cell expertise driving a round financial system that permits customers to earn and spend inside the ecosystem.
“We founded pnkfrg studios because we believe in a paradigm shift in casual mobile gaming as well as in a new way of digital financial transactions. Players and creators seek to be rewarded for their time, want to own and trade digital assets, and expect to gain value for their skills and contribution while having a fun time” stated Philipp Lanik, CEO and co-founder of pnkfrg studios.
Continuing on the round financial system, Lanik famous “With our product we are addressing the needs of the generation of mobile natives and social creators,” as many contributors in digital economies are searching for methods to turn out to be native to the setting they select.
Seed spherical funding companions included: Stillmark, Velo Partners, Fulgur Ventures. The funding was led by LVP, who is a gaming business skilled, and Initial Capital.
“Bitcoin’s payments network – the Lightning Network – is the only protocol within the broader cryptocurrency field that has demonstrably established the ability for instant, nearly free transactions, across the globe, 24/7 and at scale,” Alyse Killeen, founding managing companion of Stillmark stated. “Moreover, Lightning payments are economical at very low value – at just a fraction of a cent – making micropayments a native capability.”