According to the information provided by BlockGate, the startup has completed its pre-seed investment round with a valuation of $5 million.
BlockGate, which is an Istanbul-based gaming and technology startup, announced that it has received investment. According to the information provided by BlockGate, the startup has completed its pre-seed investment round with a valuation of $5 million. BlockGate’s pre-seed investment round was led by Yildiz Tekno GSYO.
Apart from Yildiz Tekno GSYO, Kalyon Venture Capital participated in the investment tour. According to the information we have received, BlockGate, which is located in Yildiz Technopark and has experience in developing mobile games and blockchain-based Play-To-Earn games, started its activities in July 2022.
Aiming to launch its new game, which it has been working on for about six months, in the second half of 2023, BlockGate will use its new investment to expand its team and for game development processes. Developing a game called Car Warrior, where Free-To-Play, Free-To-Earn and Play-To-Earn game models are presented together, BlockGate will offer a blockchain-based online experience with the game in question.
Car Warrior players will be able to win prizes that they can use in-game or bring to the real world by fighting against their opponents in two different game universes, as well as in two different economic models, on cars and challenging maps.
Aiming to be the pioneer of next-generation mobile games by preparing players for technologies such as blockchain without losing the real pleasure and passion of playing games, BlockGate also plans to continue to bring innovative game models to the game world in the future.
Source: Webrazzi / Translated by Irem Yildiz