5 X 5 GAMING SECURES FUNDING TO BRING MULTICULTURAL BASIC GAMES TO THE GLOBAL MARKETPLACE
The company’s first game, Battle of the Kingdoms, will celebrate and honor a number of cultures around the world and allow players to play, collect and digitally own (via NFTs) historical warriors and soldiers from different cultures. The society consults with local historians and experts to ensure proper representation of all characters and nations.
“5×5 is a unique game studio that has both extensive experience in developing free-to-play games as well as blockchain digital collectibles, and we are very happy to support them at the start of their journey with this investment. startup,” said Kyu LeePresident, Com2uS.
“We are big believers in true ownership of digital assets and the benefits that blockchain technology brings to us as game designers and developers. That said, we wanted to create a fun experience, great content, establish social connections and competition are the focal points for our players; not the ability to exploit our gaming economy as you see in many early ‘crypto game projects’,” said Deniz Gezgin, Founder and CEO, 5×5 Gaming. “We believe there are better ways to integrate game-to-win streams, blockchain and encryption technologies into games, and our experience in game development and digital collectibles will help establish 5×5 Gaming in as a gameplay-focused developer with several titles created with that vision and strategy.”
Gezgin brings a wealth of experience to lead 5×5 Gaming. A former member of Turkey’s national teenage athletics team, Gezgin received his undergraduate and post-graduate education, and held leadership and strategic positions in game development as well as digital collectibles, including heading of Topps’ digital division.
5×5 Gaming is headquartered in San Franciscobut has employees in Los Angeles, Chicago, Mexico, Vietnam, India and Turkey.
“With this investment from our partners, 5×5 Gaming is building a team without borders; talent and inspiration can be found everywhere,” said Gezgin. “Our growing team is spread across the globe; we view diversity as part of our strategy and believe that with a team from different backgrounds and cultures, we can create more fully culturalized gaming experiences.”
“We are thrilled to be working with 5×5 Gaming under the leadership of Deniz,” said Stephen Tse, Founder and CEO, Harmony. “His background in gaming and collectibles is a perfect combination and comes at the perfect time. There is a perfect storm of technology, culture, NFT and blockchain, and 5×5 Gaming is in a perfect place to contribute to this exciting space. Harmony is proud to work with Deniz and his team to explore what is possible in this new space of game design and open play.”
“With millions of NFT game subscribers, the Web3 infrastructure is reducing barriers to participation and empowering gamers around the world to become co-owners of a better, more inclusive digital economy,” said Gabby Dizon, co-founder of Yield. Guild Games. (YGG). “5×5 Gaming helps ensure strong diversity in the representation of people and communities in the open metaverse, which is why I’m proud to personally support Deniz and his team.”
“I am thrilled to support Deniz and his team of gaming industry veterans on their journey to Web3 as they create their first play-to-earn games and embrace the NFT culture,” said Sebastien Borget, COO and Co-Founder, The Sandbox. “Our industry needs a greater variety of games to appeal to a wider audience, and 5×5 Gaming has the right mindset to create games that will do just that.”
Other 5×5 Gaming investors include Dialectic Capital and Lucid Blue Ventures, and the advisory team includes gaming and digital media veterans Ed Lu, Michael Vorhaus and Andrew Chan.
About the 5×5 game:
5X5 Gaming is an early-stage, cross-platform gaming company focused on creating AAA-quality games with an element of digital ownership. The company’s mission is to evolve gaming using the latest technologies to build trust, security and true ownership of digital assets to unlock the best gaming experience.
SOURCE 5X5 Games