Yield Guild Games and Ascensive Assets co-lead $ 3 million
Panama City, Panama, December 02, 2021 (GLOBE NEWSWIRE) – Yield Guild Games (YGG) and Ascensive Assets co-led a $ 3 million fundraiser for mobile tournament infrastructure provider play-to-earn Ignite Tournaments, also attracting investment from Arca, Mechanism Capital, SkyVision Capital, Eden Holdings, D1 Ventures, Morningstar Ventures, Genblock Capital, Moonboots Capital and Ghaf Capital.
Leading angel investors such as Kieran Warwick (co-founder of Illuvium), Danish Chaudhry (CEO of the Bitcoin.com exchange) and Richard Ma (CEO of Quantstamp) also participated in the round.
âWinning Gambling and NFTs will revolutionize traditional esports and define the future of gaming for many years to come,â predicts Ignite Tournaments CEO Krystal Yang. âWe are grateful to our investors who believe in our vision to transform mobile gaming with play to win tournaments. “
Yang said the successful funding round was a vote of confidence in Ignite Tournaments’ development plans, adding that the space is only set to expand in the months and years to come. âWe are excited to present to the world a tournament platform that will allow mobile gamers around the world to play to win while participating in their favorite mobile games. “
Gabby Dizon of Yield Guild Games said the Decentralized Gaming Guild to Win is excited to forge a strong and successful partnership with Ignite Tournaments. âWe are particularly excited to partner with Ignite Tournaments. Ignite’s platform allows researchers at YGG, as well as all players around the world, to increase their earning potential for the games they are already playing. In doing so, we expect that many more gamers in the future will have higher paying jobs while playing games on their mobile devices.
Oliver Blakey of Ascensive Assets added that the company is thrilled to partner with Ignite Tournaments in their quest for decentralized gaming. âAs a tournament infrastructure provider, Ignite Tournaments is different from most game-to-win projects. They can function as an aggregator for all decentralized mobile games and are uniquely positioned to become a leader in the gaming space to win. Ascensive Assets looks forward to Ignite leading a new era of gaming for all gaming participants to win in the years to come.
Ignite Tournaments is building the world’s first esports tournament organization and streaming app for mobile games that rewards players on its platform with cryptocurrency and non-fungible tokens (NFTs) in a game model for win, prompting engagement and competition in mobile esports tournaments. Ignite Tournaments provides tournament infrastructure for mobile games that lack tournament functionality. In addition to integrating directly with other games to win, Ignite Tournaments has the unique ability to turn any pre-existing mobile game into a game to win through its patent pending tournament layer.
The $ 3 million raised as part of Ignite Tournaments’ initial funding round will help fund the development of the Ignite Tournaments mobile app, an esports organization and streaming platform that allows users to organize one-click mobile gaming tournaments. Users can accept payments to win and participate in the form of NFTs, as well as the Ignite Tournaments $ TENKA Platform Token which can be mined through participation in the tournament. Built on Moonbeam in the Polkadot ecosystem, Ignite Tournaments also offers DeFi incentives such as stake rewards to supporters of the ecosystem.
Ignite Tournaments’ momentum in the blockchain gaming market signifies a natural evolution in the blockchain gaming space; As more companies serve the estimated population of 2.7 billion dedicated gamers, all gamers will benefit from additional income by participating in esports. Ignite Tournaments is poised to serve the ever-growing gaming ecosystem, in the blockchain and mainstream space. Investments in the gaming ecosystem are expected to continue to increase in the years to come.
About Ignite tournaments
Ignite Tournaments is a feature-rich tournament infrastructure provider and mobile gaming ecosystem based on Moonbeam. It serves all corners of the mobile esports gaming and streaming market, delivering a game-to-win model where users are rewarded for playing and winning games. Payments come in the form of cryptocurrency and NFT, and can be cashed or wagered in exchange for passive income.
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