• General
  • July 17, 2018
  • 3 minutes read

Blockchain gaming startup Gamedex raises $800,000 for its Digital Collectibles

image credit : Gamedex  Less than 1 year old blockchain gaming startup Gamedex which aims to build a “Steam-like platform…

image credit : Gamedex 

Less than 1 year old blockchain gaming startup Gamedex which aims to build a “Steam-like platform for blockchain-powered digital collectible cards and digital collectible card games” has now raised $800,000 in a seed round led by Invictus Capital and also participated in by gaming Billionaire entrepreneur and Zynga co-founder Mark Pincus along with Coinbase co-founder, AngelList CEO Naval Ravikan and notable VC firms Andressen Horowitz and Union Square Ventures.

This investment took the form of a token sale going another way round in comparison to an equity sale with the investors purchasing Gamedex tokens in this seed round.

The Blockchain space has seen several startups pop up with various innovations and products surrounding the technology with Gamedex’s method being an innovative way of applying blockchain to the gaming industry.

 “I believe that ecosystems which rely on a community to function should belong to the community they are built on, and we aim to do just that. We chose to bring Daniel (Invictus Capital CEO) and his team over at Invictus into our seed round due to their deep expertise and wealth of connections in the industry.” said Gamedex founder and CEO Cameron Garvie.

With Gamedex aiming on building its digital collectible cards around mainstream games “like Pokemon, Hearthstone, Magic: The Gathering, and FIFA Ultimate Team” and the global gaming market worth $110 Billion last year whilst being estimated to be growing at 6.2% annually, Gamedex is aiming to crack the gaming market with the application of blockchain technology and its team consisting of several individuals from major related markets including Electronic Arts, Xbox, Twitch, Sony, UBS, and Facebook among many others.

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