ClanPlay operates a social platform for clan-based gamers and is building the Good Game (GG) Marketplace to let players monetize in-game actions and trade services. The company uses Aion blockchain technology and a cryptographic utility token (GG) to pay players and enforce milestone payments via smart contracts. ClanPlay plans to launch the Good Game Marketplace and cross-game tournaments in Q4 2018, with peer-to-peer trading of in-game services targeted for early 2019. The platform already reports roughly 2 million users and was the highest-rated gaming app earlier in the year. ClanPlay has a small team (five employees) and has raised equity funding from founders of game companies and now a $2 million venture round to accelerate product rollout. The company originally considered an ICO but opted for venture funding amid changing crypto regulatory sentiment.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2018