The recently-formed pnkfrg studios – pronounced pink frog studios – based by former King staff leads, has raised $3 million in seed funding to create cellular gaming experiences by means of the blockchain community.
The corporate was co-founded by Philipp Lanik, former govt producer on Sweet Crush Saga; Ferran Puñet Soriano, former senior enterprise efficiency supervisor at King; Alexander Chroust, former King senior producer; and Tanja Turunen, previously of IT consultancy Netlight.
The staff possesses appreciable experience in F2P and cellular informal gaming on one of many greatest cellular franchises. Nonetheless, the remit of pnkfrg studios – aiming to “creat[e] a brand new informal cellular expertise by reworking consumer generated video content material into an interactive gaming expertise supported by Bitcoin and the Lightning community” – stays loosely outlined.
“A paradigm shift in informal cellular gaming”
Lanik, CEO of pnkfrg studios, acknowledged: “We based pnkfrg studios as a result of we consider in a paradigm shift in informal cellular gaming in addition to in a brand new approach of digital monetary transactions. Gamers and creators search to be rewarded for his or her time, need to personal and commerce digital belongings, and count on to achieve worth for his or her abilities and contribution whereas having a enjoyable time.
“With our product we’re addressing the wants of the technology of cellular natives and social creators. We wish them to play our video games on their day by day commute or break, receive crypto rewards for his or her engagement and provides them the chance to spend, save, or donate it in actual life – direct, frictionless, rewarding. The Bitcoin lightning community with its low charge microtransaction is an ideal resolution to help our imaginative and prescient”
Regardless of the appreciable lows experiences with the NFT, cryptocurrencies, and blockchain gaming markets, the cellular video games business continues to be hedging appreciable bets on blockchain gaming and play-to-earn, with blockchain gaming driving $3.2 billion – 50 per cent – of personal funding offers throughout 2021.