Burn Ghost Secures $3.1 Million in Funding to Build its Gaming Platform
Revolutionary gaming firm, Burn Ghost has announced a recent fundraiser aimed at supporting the growth and expansion of its gaming platform.
According to Burn Ghost, it has secured a fund of $3.1 million needed to build its gaming platform. The seed round was completed in April involving Drive by DraftKings, BitKraft Ventures, and Pillar VC. The game will center on simple, approachable casual games against the conventional complex, robust games built in the NFT space. The CEO and co-founder of Burn Ghost, Steve Curran has noted that the first game release will feature trivia games.
Burn Ghost’s game will reward top gamers with NFTs which include external NFTs sourced through partnerships with NFT creators. However, players will pay an entry fee to play games that offer NFT rewards. Alternatively, they can try out the free-to-play games to earn credits. Initial payments of entry fees will be made in crypto only, fiat payments will be implemented later. Burn Ghost might begin to charge projects for displaying its NFTs, this would make the platform a potential marketplace for creators seeking a larger outreach.
Details of Burn Ghost Gaming Platform
The gaming platform will be available to players on the waiting list and would be opened to the public in the first quarter of 2023. Burn Ghost will feature more game genres like arcade and action. NFT rewards will be from the Ethereum Network and other blockchains, a sneak peek by the company features top-rated ETH projects like Bored Ape Yacht Club, Doodles, and CloneX. The game company has launched a standalone game called FTX Game. It is inspired by FTX’s recent collapse where players guide a character through different environments.
Burn Ghost's interest in the NFT space spiked due to the massive adoption of NFTs. The team sees Web3 as an opportunity to commercialize entertainment.