Israeli startup Spring Games has closed a $7 million seed round from gaming giant Playtika to build NFT-powered Play-to-Earn games using blockchain infrastructure.
The first game that the company has produced is in eSports, named MaxiBoom. The game offers hefty prizes to players in skill-based competitions that run 24/7.
The company wants to transform MaxiBoom into an NFT-powered Play-to-Earn game on blockchain and build new games on blockchain technology. Since NFT (Non-Fungible Token) is a unit of data recorded on blockchain, which can be sold and exchanged, players will soon be able to earn money by grinding and ‘’mining’’ the company’s cryptocurrency, and by exchanging their owned NFTs.
MaxiBoom is free to play MOBA (Multiplayer Online Fight Arena) game that tests the gamer’s battle skills along with millions of gamers across the world. Players can fight solitary or conquer the arena with their most faithful companions. The game includes diverse weaponry and multiple arenas. The more rivals the player takes down, the more Maxi-Coins he or she receives.
Spring Games was founded in early 2020 by CEO Idan Amir; CTO Lital Natan, a top technologist from the games industry; CPO Dror Hollinger, who has 20 years’ expertise in the field; and CFO Dana Amir. Idan Amir is a serial entrepreneur who took part in launching multiple firms, including cyber enterprise Versafe, which was sold to F5 Networks for $95 million. Amir invested $1.5 million in Spring Games as a pre-seed investment.
According to Idan Amir, Spring Games will hit the market fast and will issue its autonomous currency by mid-2022. “We’ll introduce a marketplace where gamers will be able to acquire NFT characters of the game. The initial game will be based on MaxiBoom, with tweaks that will enable players to earn crypto and ultimately real money according on their skill and time they play the game.”
Eric Rapps, Playtika Chief Strategy Officer, noted: “We are happy to support Spring Games and the next generation of innovation and entrepreneurship in the Israeli gaming sector in general and in blockchain in particular. Idan, Lital, Dana, and Dror are a winning squad. I am certain that Spring Games will benefit from Playtika’s knowledge and experience in game administration and provide to this new market the finest quality product.”