Spring Games raises $7 million Seed round to develop NFT-powered games
Playtika led the round in the Israeli startup, which is building Play-to-Earn games on blockchain infrastructure
CTech | 14:21 25.01.2022
Israeli startup Spring Games has closed a $7 million Seed round from gaming giant Playtika to develop NFT-powered Play-to-Earn games on blockchain infrastructure. The first game that the company has developed is in eSports, named MaxiBoom. The game offers prizes to players in skill-based tournaments that run 24/7. The company plans to convert MaxiBoom into an NFT-powered Play-to-Earn game on a blockchain and develop new games on blockchain infrastructure. Since NFT (Non-Fungible Token) is a unit of data stored on a blockchain, which can be sold and traded, gamers will eventually be able to earn money by grinding and ‘’mining’’ the company’s cryptocurrency, and by trading their owned NFTs.