Blockchain-Based Video Game Console Blok.Party Gains $10 Million in Funding

After reporting a 100,000 waiting list, Blok.Party says it has raised $10 million in funding by top-tier content partners to support the blockchain gaming console’s launch in this fall.

Blok.Party, the creators of PlayTable, received the funding from JRR Capital and other individual investors.

The content partnership is said to cover the best-selling game Settlers of Catan (Settlers of Catan has sold more than 27 million units worldwide with an estimated 20 million active players), while the funding will help provide the fuel to scale the company as it continues to build its team and expand PlayTable’s portfolio of games when the console ships.

Roger Shen, a Partner at JRR Capital, says that PlayTable is not just about blockchain – they are focused on compelling gameplay.

PlayTable is a tabletop gaming console for one to eight players that features a large touchscreen and allows players to control in-game events with their hands, smartphones and physical game pieces. It is a “physical-meet-digital world” where gameplay is designed to come to life and game pieces are customizable, portable across games and secure through blockchain.

Blok.Party is founded by a team of engineers, gamers and designers. Jimmy Chen is the CEO and co-founder, who assembled a team including Jason Ge, ex-Huawei VP of R&D, Sam Lee, Blok.Party’s VP of Hardware, whose past experience includes working on the Amazon Echo and the iPhone.

So can Blok.Party succeed where other console startups have struggled?  Does anyone remember Ouya?

PlayTable will ship before the end of the year and then we will know more if blockchain is the pixie dust to help power Blok.Party success.

 

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