Moonrock Capital Announces Strategic Investment in Octo Gaming
Moonrock Capital is delighted to announce the addition of Octo Gaming to its investment portfolio.
Octo is a competitive social gaming platform available for free download on the Apple App Store & Google Play Store that enables users to monetize their time spent playing video games on the Solana blockchain. 7 games are already available on the app with over 2 million matches played per month.
The already downloadable app counts more than 3 million users across the world and rewards players with tokens or real life prizes offered by their brand partners.
Octo is also a core service provider for NFT collections and brands, developing branded games that are integrated into the app. Octo has already partnered with Solana bluechip collections like Degenerate Ape Academy and ABC and their games are live on the app. They have the ambition to become the major gaming hub on Solana before expanding to other chains.
The company will bring mass adoption to web 3.0 through their mobile gaming hub.
‘The global Mobile Gaming market was worth USD 119 billion in 2021. It is expected to reach USD 338 billion by 2030, growing at a CAGR of 12.3% during the forecast period. We are convinced, that the mobile gaming market will change the gaming industry as a whole. Combined with blockchain technology, there are no limits to this market. Together with OCTO we want to be part of this bright future. Therefore, Moonrock Capital is glad to be part of this funding round and will do whatever we can helping them being successful’.
The team at Octo are so grateful & excited to be a part of the Moonrock ecosystem. Moonrock’s sterling reputation & strategic brilliance are well known in the web3 space — their triple-A portfolio speaks for itself. They have already provided us irreplaceable value & quality partnerships. Thank you for believing in our platform Moonrock, now let us take over the stratosphere together’.
Magic Eden: https://magiceden.io/marketplace/the_octos