[Courtesy of Com2uS]
SEOUL -- Com2uS, a game development and publishing company in South Korea, has become an initial investor in Ola GG, a regionally focused partner of Yield Guild Games (YGG), a play-to-earn gaming guild, which has raised $8 million to acquire yield-generating non-fungible tokens and the creation of Spanish-language educational content.
Ola GG has raised $8 million from Com2uS and other investors to acquire yield-generating non-fungible tokens and the creation of Spanish-language educational content. Proceeds will also be used to expand the adoption of play-to-earn (P2E) gaming in the U.S., Latin America and Spain. Ola GG has 3,000 scholarship players in its shared reward program.
Latin America is an area with prominent potential growth in the global Web 3.0 terrain and plays an important role in expanding a C2X platform, Com2uS said in a statement on Apri. 29. The South Korean company is trying to secure a global position in the filed of Web 3.0, which is a new iteration of the blockchain-based World Wide Web that incorporates concepts including decentralization and token-based economics.
Technologists have described Web 3.0 as a possible solution to concerns about the over-centralization of the web in a few big tech companies. Web 3.0 could improve data security, scalability, and privacy beyond what is currently possible with Web 2.0 platforms that center on user-created content uploaded to social media and networking services, blogs, and wikis, among other services.
C2X is a blockchain gaming platform striving to create ultimate non-fungible fund (NFT) gaming experiences. Com2uS aims to lead Web 3 games and upgrade its C2X blockchain platform that allows users to enjoy various Web 3 games and participate in decisions necessary for ecosystem circulation through voting.
The investment in Ola GG came a day after Com2uS made an unspecified amount of investment in double jump.tokyo, a blockchain game developer and NFT solution provider for large-scale enterprises in the gaming & entertainment sector. double jump.tokyo is a member of Oasys, a gaming blockchain designed to build a decentralized metaverse by connecting different play-to-earn games within its ecosystem.
Com2uS Holdings and its subsidiary, Com2uS, joined Oasys in March. The Oasys blockchain aims to drive innovation in the blockchain gaming industry because of its proof-of-stake (POS) consensus mechanism. The Oasys team focuses on solving the problems faced by game developers when building blockchain games on Ethereum. Oasys, officially launched on February 7, partnered initially with 21 gaming and Web 3.0 tech companies to act as validators who can secure and verify the transactions of different play-to-earn games and content creators.