Bandai Namco Entertainment, one of Japan’s largest video game publishers, has announced that they are investing in Gangbusters’s blockchain social games.
Bandai Namco diving into the blockchain space
According to the press release, “Bandai Namco Entertainment 021 Fund,” the company’s fund dedicated to investing in startups with a goal of creating new entertainment and building Bandai Namco’s IP Metaverse, agreed to invest over 3 billion yen ($20.4 million) into Gangbusters Ltd over the next three years.
The investment is said to be split into 3 equal parts, with 1 billion yen ($6.8million) injections each year.
Bandai Namco stated that they aim to develop and operate social games via blockchain technology to establish a better connection with their fans.
Gangbusters is a United Kingdom-based studio, that specializes in developing and operating blockchain social games.
One of the leading games that Gangbusters has developed and operates is “BattleTabs”, a strategy game where players can battle friends in a multiplayer environment. The game can be opened and played directly in a web browser.
Gangbuster’s studio was launched in 2019 by Brandon Wu, Michael Cann, and Matthew Romaine.
Gamebusters is not the only project receiving investments from Bandai Namco. Bandai Namco’s entertainment fund previously provided funding for notable projects like Gaudiy Inc., Genies Inc., Phoenixx Inc., double jump.tokyo Inc., and SHOWROOOM Inc.
The investment committee behind the fund includes names such as Yasuo Miyakawa, Koji Fujiwara, and Toru Konno, all of whom have experience in the video game world.
On the Flipside
- There is a high level of competition when it comes to blockchain-based games available in the crypto space.
- As of October 12th, 1924 games were listed on DappRadar.
Why You Should Care
Even if Bandai Namco does not make the next viral game in the crypto space, new investments like this set the stage for new ideas and innovation that can lead to game and variety improvements.
Learn about other competitors in this field of crypto games:
Sega Announces Its First Blockchain Game
See how the mobile gaming industry is getting tokenized:
OviO Tokenizes The $175 Billion Mobile Gaming Industry Through Web3