Revolutionizing the Gaming Industry: PlaysOut Raises $7 Million in Seed Funding
PlaysOut, a gametech startup based in the UAE, has recently announced a successful seed funding round, securing $7 million from investors. This funding has brought the company’s valuation to an impressive $70 million, highlighting its potential for growth and innovation in the gaming sector.
Expanding into New Markets and Enhancing Mini-Game Offerings
With the support of investors like KBW Ventures, OKX Ventures, and Pacific Century Group, PlaysOut is setting its sights on expanding into new markets and enhancing its mini-game offerings. The company plans to develop blockchain integration tools for developers, further solidifying its position as a leader in the industry.
Building a Cross-Platform Mini-Game Ecosystem
Founded in 2024 by Jassem Osseiran and Alex W, PlaysOut is focused on creating a cross-platform mini-game ecosystem that enables developers to easily integrate games across popular platforms such as Telegram, Discord, and YouTube. The company’s core product, a mini-games engine and SDK, simplifies the process of adding games to social and content platforms, making it accessible to a wide range of developers and users.
- PlaysOut’s SDK allows developers to embed games directly into user-friendly interfaces without the need for heavy downloads or technical barriers.
- The company aims to provide a scalable ecosystem that appeals to both developers and end users through ease of access and a variety of content.
Targeting High-Growth Regions
With the new funding in place, PlaysOut is gearing up to expand its reach into major gaming markets in the United States, Middle East and North Africa (MENA), and Asia. These regions have shown a high demand for casual and interactive gaming content, making them ideal targets for PlaysOut’s seamless integration model.
- The company plans to allocate most of the funds towards building strategic partnerships within the gaming and blockchain industries.
- These collaborations aim to improve the quality of game offerings, increase developer adoption, and broaden the platform’s user base.
Blockchain Integration and Web3 Support
PlaysOut’s upcoming SDK update, set to launch in May 2025, will include blockchain support, allowing game developers to incorporate elements such as digital asset ownership, token rewards, and decentralized game logic. The company’s partnership with OKX Ventures underscores the importance of blockchain in PlaysOut’s roadmap, offering new monetization opportunities for developers and players alike.
- PlaysOut is also preparing to launch Telegram mini-games built on the TON blockchain, aligning with the growing support for web3-based experiences.
- This move will open up new distribution channels for mini-games and further integrate PlaysOut’s products with messaging apps.
Investor Confidence and Industry Positioning
The support from investors like KBW Ventures and Pacific Century Group demonstrates strong investor confidence in PlaysOut’s vision and potential for growth. Both firms are renowned for their investments in high-potential tech startups, offering strategic support beyond capital to accelerate PlaysOut’s growth in the competitive gaming market.
As the demand for casual and social gaming experiences continues to rise, PlaysOut is positioning itself as a key player in the industry, removing technical barriers for developers and providing added value through blockchain integration. Stay tuned for more updates on PlaysOut’s SDK upgrade, new partnerships, and upcoming mini-game releases.
