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Web3 gaming: A blockchain game that lets users own yield-generating NFTs scores $10M funding

Cometh
Image credits: Cometh

Cometh, a French blockchain gaming startup, has just scored $10 million in seed funding. The investment round was led by White Star Capital, Stake Capital and other investors, as well as top-tier participating VCs, including Serena Capital, Shima Capital, and IDEO Colab Ventures.

The proceeds of this round will be used to fund the development of future Cometh games and the deployment of its blockchain software suite in the video game industry. Its white label solutions and integration expertise have garnered interest from major game studios and brands alike.

Cometh’s future plans

In the coming months, the industry will witness the release of several video games and collaborations relying on Cometh technology.

Also, the blockchain gaming startup plans to host a pop-up store during the EthCC conference with luxury brand collaborations in Paris in July this year. Additionally, NFTs built using Cometh tools by artist Helena Hauss, have been selected for exhibition at the Venice Biennale.

“Today gaming touches many verticals including social media, e-commerce, entertainment, and DeFi”, said Sep Alavi, General Partner at White Star Capital. “Cometh is building a true end-to-end gaming platform powering the next generation of Play-to-Earn and Play-to-Own games. We have been working with Jerome and his team for a few months and are very pleased to be leading Cometh’s highly anticipated seed round.”

“At Stake Capital we value first, and foremost, the passion and vision of great teams building the future of web3. Working alongside Jerome and the Cometh team – for more than two years now – to build a truly innovative P2E gaming platform has been a great pleasure. This investment, that we’re very proud to be leading, further reinforces our commitment to the team, and it is a testament of our confidence to deliver value in this very challenging category”, said Julien Bouteloup, Founder & CEO at Stake Capital Group.

“Video games are now venturing into a new era of mass connectivity and digital ownership of playable assets. Our team builds games that explore the new possibilities offered by blockchain technology along with the tools to enhance traditional games with it“, said Jerome de Tychey, founder of Cometh.

Cometh Battle release

The public release of the new Cometh game, Cometh Battle is slated for today. It follows the first Cometh game, which garnered over 10,000 players last year and was one of the most active games of the year on Polygon.

Web3 gaming studio

Founded by Jerome de Tychey in 2021, Cometh is a web3 gaming studio with a mission to create next-gen blockchain games. It intends to build B2B solutions to drive the adoption of blockchain in the video game industry among others. The company creates blockchain games running end-to-end on smart contracts that easily integrate with DeFi protocols.

These games showcase how blockchain bolsters the player experience through more resilient game designs and innovative narratives. It lets users own yield-generating NFTs, integrating both DeFi and NFT features into a single, fun gaming experience.

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