Angry Birds team to develop blockchain-based gaming platform
Cocos-BCX, the Beijing-based gaming platform responsible for mega-hit Angry Birds, has raised $40m in financing, which it says will help it “accelerate the development of the future of blockchain gaming”.
The company, which also developed other hit games Clash of Kings and Badlands, said on its blog it had received the funding from top blockchain funds and investors including Binance Labs, Neo Global Capital and 500 Startups.
It added that new capital would allow the company to develop its new blockchain-based gaming platform, support growth and expansion in to new markets.
The BCX platform will include a gaming engine powered by blockchain, a development environment and a public blockchain called CocosChain.
Cocos-BCX believes it will bring together the world’s most talented game developers and blockchain producers to build and collaborate on the platform.
Since the first demo of its platform in March 2018, the company has doubled its team to 40 people and opened new offices in Beijing, Seoul, Tokyo and San Francisco. It has also expanded strategic partnerships with blockchain partners such as Loom, Ontology and Cell Evolution.
Low hanging fruit
“Gaming has always been in our DNA, so we have a deep understanding of what the game developer community needs in order to succeed with blockchain,” the company said on its blog.
It added: “Our vision is to become an end-to-end platform where game developers can build, deploy, operate, and scale their games across all major blockchain platforms.”
Ella Zhang, head of Binance Labs, one of the chief investors in the project, said: “Gaming has potential to be the low hanging fruit in the blockchain industry yet the application in this space remains largely untapped.”
She added: “We hope the Cocos-BCX initiative will drive more real use cases for crypto adoption, and reveal more potential of blockchain technology.”