Binance Labs to Invest in GOMBLE’s Seed Round Financing

On April 20th, it was announced that Binance Labs has promised to invest in GOMBLE’s seed round financing, but the amount of funds has not been disclosed. It is reported that GOMBLE is a blockchain based game developer and a subsidiary of Korean leisure mobile game publisher 111Percent.

South Korean chain game developer GOMBLE receives seed round financing from Binance Labs

Binance Labs, the venture capital and incubator arm of Binance, has announced its intention to invest in GOMBLE’s seed financing round. A subsidiary of Korean leisure mobile game publisher, 111Percent, GOMBLE is a blockchain-based game developer. However, the specific amount of funds promised by Binance Labs has not been disclosed.

Introduction

GOMBLE is a blockchain-based game developing firm, founded in 2018. The company’s main objective is to revolutionize the gaming industry by combining the gaming experience with the trust and transparency of the blockchain technology. GOMBLE’s mission is to create games that are secure, fair, and decentralized while providing gamers with the required excitement and thrill.
Binance Labs, on the other hand, is the venture capital and incubator arm of Binance, the world’s largest cryptocurrency exchange by trading volume. The primary objective of Binance Labs is to nurture the blockchain and cryptocurrency ecosystem by giving backing to entrepreneurs, developers, and other firms with groundbreaking ideas.

GOMBLE: A Breakthrough in the Gaming Industry

The gaming industry is one of the fastest-growing sectors in the world, and GOMBLE is determined to change how gaming works. With the integration of blockchain technology, GOMBLE intends to improve the gaming experience by maximizing the benefits provided by decentralized gaming platforms.
To ensure the safety and fairness of online gaming, GOMBLE uses a smart contract-based payment system to encourage players to pay for in-game items and enable developers to earn revenue without middlemen. Additionally, GOMBLE’s blockchain-based platform guarantees the transparency of gameplay, enabling gamers to confirm their winnings via blockchain.
GOMBLE has already released a few well-received, blockchain-based games that have excited gamers around the globe, such as Magic Cube and CryptoDozer. The addition of Binance Labs’ investment would enable GOMBLE to develop more games and expand its reach to a wider market.

The Importance of Binance Labs’ Investment

Binance Labs’ decision to invest in GOMBLE is not only beneficial to the Korean game developing firm, but it also further promotes the integration of blockchain technology in the gaming industry as a whole. With more projects such as GOMBLE, the gaming industry can provide an improved player experience that is more secure, transparent, and fair.
Binance Labs’ investment signifies numerous opportunities for growth and development for GOMBLE. One such opportunity is the networking capacity of the venture capital firm. Binance Labs has a considerable brand presence, a penchant for supporting startups, and deep connections in the blockchain industry. GOMBLE could leverage the expertise of Binance Labs in creating an ecosystem that provides comprehensive gaming options that appeal to more players.
In conclusion, Binance Labs’ investment in GOMBLE holds significant implications for both companies and the gaming industry as a whole. It is yet another example of the transformative potential of blockchain technology.

FAQs

What is Binance Labs?

Binance Labs is the venture capital and incubator arm of Binance, the world’s largest cryptocurrency exchange by trading volume. The primary objective of Binance Labs is to nurture the blockchain and cryptocurrency ecosystem by giving backing to entrepreneurs, developers, and other firms with groundbreaking ideas.

What is the gaming industry?

The gaming industry focuses on the creation, design, and development of games across various platforms such as consoles, computers, and mobile phones. The industry represents one of the fastest-growing sectors in the world.

How does GOMBLE intend to revolutionize the gaming industry?

GOMBLE plans to ensure the safety and fairness of online gaming by using a smart contract-based payment system to encourage players to pay for in-game items and enable developers to earn revenue without middlemen. Additionally, GOMBLE’s blockchain-based platform guarantees the transparency of gameplay, enabling gamers to confirm their winnings via blockchain.