Supercell, renowned for Clash of Clans and Clash Royale, invests in Games for a Living, a crypto gaming startup, as part of a $3.2 million seed funding round.
- Supercell invests in crypto gaming startup.
- Games for a Living develops NFT-based games.
- Startup plans expansion after successful token sale.
- GFAL token sees significant price increase.
Mobile gaming giant Supercell, recognized for its popular titles Clash of Clans and Clash Royale, has participated in a $3.2 million seed funding round for Games for a Living (GFAL), a crypto gaming startup. Founded by Trip Hawkins, former CEO of Electronic Arts (EA), GFAL focuses on creating games integrated with non-fungible tokens (NFTs) and crypto tokens.
With the recent infusion of capital, GFAL aims to bolster its team and expedite its game development endeavors. This initiative follows the successful launch of its GFAL token sale, which generated $4.4 million in funding the previous year. Despite its relatively modest market capitalization of $42 million, the GFAL token has witnessed a notable surge in value, climbing 235% since March 2023, according to CoinGecko.
Supercell CEO Ilkka Paananen expressed optimism about the collaboration, citing prior experiences with the GFAL team. Paananen conveyed excitement about contributing to GFAL’s journey and anticipated remarkable achievements ahead.