crypto.news
GAMEE, the mobile gaming platform behind the WatBird game, has received an investment from Pantera Capital to expand its presence on The Open Network.
Animoca Brands‘ gaming subsidiary, GAMEE, has received an investment from Pantera Capital, a California-based venture capital firm, to extend its reach across multiple blockchain networks, according to an Aug. 21 press release.
While the funding size was not disclosed, the investment is understood to help GAMEE expand its presence on The Open Network (TON) via WatBird, a Telegram-based app. Animoca notes that the investment from Pantera follows a recent investment GAMEE received from TON Ventures, a venture capital firm focused on backing TON-based startups.
Commenting on the funding, GAMEE co-founder Bozena Rezab said the investment represents a “significant vote of confidence in our vision to seamlessly integrate web3 mechanics into the gaming experiences we’ve cultivated for our community of 90 million gamers.”
“This support will help us accelerate our mission to strengthen the community’s engagement with the TON ecosystem.”
Bozena Rezab
For Pantera Capital, this investment marks another move to double down on its strategic investment in TON. In May, the firm announced its “largest investment ever” in the network, underscoring its belief in TON’s potential ate of the bankrupt FTX exchange. At the time, Pantera said it had decided to invest in TON as the platform to “introduce crypto to the masses because it is used extensively within the Telegram network.”
Although Pantera did not disclose the amount of its investment in GAMEE, it follows a $250 million purchase of Solana (SOL) from the estate of the bankrupt FTX exchange, highlighting the firm’s ongoing commitment to expanding its influence in the blockchain space.