Cometh Raises $10M to Boost Blockchain Game Adoption

French blockchain gaming platform Cometh has raised $10 million in a funding round to develop future games and blockchain software, the company wrote in a blog post on Thursday.

• The funding round was led by venture capital firm White Star Capital and decentralized autonomous organization Stake Capital.
• Blockchain games have gained hype thanks to metaverse worlds such as The Sandbox and Decentraland garnering millions of dollars into the space.
• “We have received immense interest from major game studios and brands alike regarding our white label solutions and integration of blockchain technology in the world of gaming,” the company wrote in its post.
• Venture capital firms Serena, Shima Capital and IDEO CoLab Ventures also participated in the round.
• Several video games and collaborations with Cometh will be released in the coming months.
• Investments are pouring in the metaverse. White Star Capital raised $120 million for a crypto fund for metaverse investments in April. And technology giant Qualcomm set up a $100 million fund to invest in metaverse companies in March.