Share this article
CoinFund Leads $2.3M Investment in Esports Startup Trying to Bring Crypto to Gamers
Community Gaming's seed round also drew NFT collector WhaleShark, Multicoin Capital and Kevin Durant's Thirty Five Ventures.
Updated May 9, 2023, 3:21 a.m. Published Jul 1, 2021, 1:00 p.m.
Community Gaming wants to bring esports to a blockchain near you.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The platform, which allows users to organize video game tournaments on either the Ethereum mainnet, Binance Smart Chain or Polygon, has raised $2.3 million in a seed funding round led by CoinFund.
Prominent backers such as Dapper Labs, Multicoin Capital, Rally founder Kevin Chou, Signum Growth Capital, Kevin Durant and Rich Kleiman's Thirty Five Ventures and non-fungible token (NFT) collector WhaleShark also invested.
The capital injection follows an earlier pre-seed investment by ConsenSys and will be used to hire additional staff and grow the platform’s presence across Latin America and Southeast Asia, according to Community Gaming CEO Chris Gonsalves.
Community Gaming’s blockchain-based platform enables rewards to be paid out instantaneously in the ERC-20 token of the organizer’s choice, and sent directly to users’ crypto wallets.
Is the latest example of the worlds of blockchain and video games colliding. NFTs have emerged as a popular way to buy digital collectibles; investors are betting on games as the next venue for crypto’s mainstream embrace.
Gaming gateway
Much like Dapper Labs’ NBA Top Shot, Community Gaming’s platform is designed to be user-friendly even for people with no prior crypto experience. Registering an account with the platform generates a wallet, and fiat-to-crypto onboarding makes Community Gaming beginner-friendly.
“I think this is a mainstream avenue for getting more broad consumer adoption of crypto,” CoinFund investor Evan Feng said of the platform, adding:
“There are so many similarities between the crypto and the gaming communities. An open-mindedness, a little bit more risk or adventure seeking, and generally an openness to the idea of self-sovereignty.”
According to Gonsalves, the platform’s number of active users is growing quickly, doubling to 20,000 in June alone.
Gonsalves also said the platform, which until now has been making the majority of its revenue through sponsorships with companies like Facebook Gaming, MakerDAO and Theta.tv, plans to begin charging a 5% commission on all tournaments.
Plus pour vous
Ce qu'il:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Plus pour vous
JPMorgan Launches Tokenized Money Market Fund on Ethereum as Wall Street Moves Onchain
The $4 trillion U.S. bank is the latest financial giant in rolling out tokenized MMF onchain, joining BlackRock, Franklin Templeton and Fidelity.
Ce qu'il:
- JPMorgan Chase is launching its first tokenized money-market fund on Ethereum dubbed My OnChain Net Yield Fund (MONY), with an initial $100 million investment.
- The fund is part of a growing trend of blockchain-based financial products, with major firms like BlackRock and Franklin Templeton also entering the space.
- MONY allows investors to redeem shares using cash or USDC and aims to offer similar benefits to traditional money-market funds with added blockchain advantages.
Top Stories
