In accordance with the official release, on April 20, Binance Labs agreed to contribute to the seed round funding of GOMBLE, a Korean producer of casual games using blockchain technology. The money will be used by GOMBLE to develop and promote RumbyStars, its first mobile game, as well as to expand its gaming platform using the Games-as-a-Service (GaaS) business model.

A division of the Korean developer of casual mobile games, 111Percent, is GOMBLE. Jihoon Byun, the former COO of 111Percent and head of GOMBLE's core team, has extensive experience in both Web2 and Web3 with companies including Google, Kakao Brain, SK Telecom, and cryptocurrency trading platforms. He also has a solid background in game development and publishing.

With a focus on balanced tokenomics and long-term governance, GOMBLE seeks to transition its Web2 gaming paradigm to the Web3. The tournament prize system will be used to award the governance token, $CRT. NFTs, tournament entrance fees, and in-game bonuses can all be purchased with $CRT.

Head of Binance Labs Yi He shared:

“Blockchain gaming needs to move away from the concept of ‘earning’ to what truly captures the hearts of billions of gamers: entertaining gameplay. GOMBLE’s experienced team and focus on developing engaging, sociable, and sustainable blockchain games with flexible governance provides a means for providing the value of Web3 to existing casual gamers, thereby introducing new users to the BNB Chain ecosystem.”

In Q2 2023, RumbyStars, the first game from GOMBLE, will be made available as a mobile soft launch in Southeast Asian nations. The company plans to continue growing by entering North America, South America, East Asia, and Europe after that.

The social infrastructure and GaaS platform RumbyWorld, which enables preexisting NFT and GameFi projects to join RumbyStars and produce original NFTs and games, will also be expanded by GOMBLE.

This news is republished from https://coinaquarium.io/