ReadyGG

ReadyGG

ReadyGG

ReadyGG is complete web3 game development tools; supporting all games, all developers, on every platform, for every player. Seamless cross-chain Account Abstraction: interoperable player wallet and profile - 100% in game.

Project Category

gaming

Round

not public

Valuation

not public

Total raising amount

$3,000,000

Syndicate raising amount

80,000 USDC

Leading investor

Bitkraft and Hashed

Deal Date:

06.12.2023 11:32

$
Token Price:

not public

Token price is taking in consideration DAO fee which is 15%
Vesting:

not public

Allocation:

max $1,500

Description

ReadyGG is complete web3 game development tools; supporting all games, all developers, on every platform, for every player. Seamless cross-chain Account Abstraction: interoperable player wallet and profile - 100% in game. ReadyGG managed to acquire 100+ studios & publishers within 6 months, representing 2000+ mobile, PC, HTML games, of 300+ million MAUs.

Currently raising at valuation of 46M USD, previous round was at valuation of 38M USD. Current round is heavily oversubscribed (11M USD in commits, but taking only 3M USD investments). We managed to get small alocation for 80k USD because of our strategic additional value. They will raise Series A round later on, where those additional commits from current round will be onboarded.

ReadyGG is offering to game developers two services - Layer3 Software as a Service (Saas) experience for game developers, enabling them to implement all the necessary elements to bring games on-chain, without players having to exit the game at any point to complete their web3 onboarding. These solutions include Unity and Unreal SDKs to simplify developer integration with the blockchain and Layer0 interoperability: Enabling complete “account abstraction” for players and publishers, so that game assets, player identities and inventories, can easily migrate between Layer1 and Layer2 blockchain providers, without any friction in the publisher or player game experience. This includes interoperability of smart contracts between blockchains.

Token utility will be governance, paying for gas and staking - there will be revenue sharing from the platform with token staker, more details are in projects documentation - https://readygames.gitbook.io/readyx/token-design

Backed by Bitkraft, IOSG, Polygon, Hashed, Spartan, GSR, Fundamental Labs, Bitscale and others. Valuation of current round is 46M USD, compared to previous round valuation of 38M USD.

Youtube video - ReadyGG vision https://www.youtube.com/watch?v=th9nRKRXCdA&ab_channel=ready

Positives:

  • Strong business development onboarding web2 game studios to web3
  • Experienced team, see https://readygames.gitbook.io/readyx/team-and-advisors
  • Heavily oversubscribed round, we managed to get allocation as a strategic partners
  • Backed by Tier1 VCs
  • 24m linear vesting after TGE with no cliff

Negatives:

  • Quite competitive landscape, there are another projects building similar solutions
  • Valuation might be considered quite high

Disclaimer

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