Gomble Games Secures $10 Million in Cumulative Funding to Advance Ambitious Web3 Gaming Vision

[PRESS RELEASE – Singapore, Singapore, April 2nd, 2024]

Web3 gaming platform Gomble Games, a spinoff of the renowned game studio ‘111%’, has now secured a total of $10 million in cumulative investment. Recent rounds saw Gomble receiving investments from Spartan, Hashed, IOSG Ventures, Foresight Ventures, BigBrain Holdings, and others. This follows on from the initial round back in 2023 which saw participation from notable global venture capital firms such as Binance Labs, Animoca Brands, Altos Ventures, and Shima Capital.

Gomble Games’s predecessor, ‘111%’, is responsible for producing viral hits like Random Dice and BBTAN, captivating a user base of over 100 million players in seven years. Gomble Games, however, will be focused on bridging the gap between the worlds of traditional (web2) gaming and its blockchain-based (web3) counterpart.

“At Gomble Games, we firmly believe in the power of collaboration and community in game development,” said Chris Chang, CBO at Gomble Games. “Our vision is to create accessible games that are not just played but lived, where every player’s input shapes the world they immerse themselves in through very easy and engaging casual gaming experience”

“This funding is a heartening testament to our commitment to bring the best of web2 gaming into the blockchain realm, focusing on an enhanced gaming experience, a sustainable economy, and motivated participation.”

Gomble Games’s approach to gaming is centered around three key elements: Dynamic Change, Reversal Opportunity, and Simplicity, which collectively ensure an engaging and continuously evolving gaming experience. The project aims to establish a self-sustainable economy where games generate revenue based on user engagement, creating a beneficial ecosystem that rewards both players and game developers.

Looking to the future, Gomble Games envisions the establishment of a participatory DAO (Decentralized Autonomous Organization), where users are not just players but active contributors in marketing, game production, and more. This inclusive model also extends to third-party developers, who will be integral to the ecosystem’s sustainable economic structure.

“By fostering a space where every contribution is valued and rewarded, we are not just creating games but building a community where everyone has a stake in our success,” added Chris Chang.

Kelvin Koh, Co-founder of Spartan commented: “With the boom in mobile gaming, we believe that hypercasual mobile games would be one of the main drivers of users into web3. The crypto-native Gomble Games team adeptly leads this charge as they combine the technical know-how to build addictive game loops with a deep understanding of the web3 gamer community. We are proud to back the team led by Chris, and cannot wait to experience what these creative geniuses have in the pipeline”

With this latest round of funding, Gomble Games is set to embark on a journey to transform the gaming industry, making it more fun, engaging, and rewarding for all involved.

About Gomble Games

Gomble Games is a web3 gaming project, a spinoff of the successful game studio 111%. With a focus on user participation in game development and an open community playground for web3 integration, Gomble Games is dedicated to bringing an enhanced gaming experience to the web3 world. Building on the legacy of 111%, Gomble Games aims to create skill-based, fun, and broadly appealing casual games.

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