FinLab AG: Spielworks successfully closes a seven-digit seed financing round to build a play-to-earn gaming platform
Berlin/Frankfurt, Germany, May 12th, 2020 – Spielworks has closed a seven-digit seed financing round led by FinLab EOS VC Fund and Volksbank Mittweida eG, which have been investing in Spielworks since 2019. FinLab EOS VC Fund is a venture capital fund backed by both EOS VC, the investment arm of Block.one the publisher of the blockchain protocol EOSIO, and FinLab AG (ISIN: DE0001218063; Ticker: A7A.GR), one of the first and largest investors in financial services technologies and blockchain in Europe.
Spielworks operates both the gaming platform Wombat and the collectible and community game Chain Clash. Spielworks believes that the gaming industry will face a massive paradigm shift and will develop into a playground where gamers actually can make a living. The emerging blockchain technology helps to enable true ownership of digital assets opening up a huge window of opportunity for play-to-earn game economies. With the new investment, Spielworks will further expand the Wombat gaming platform by extensively onboarding high-quality games and adding features to support users to comfortably and securely play games, own digital assets and earn in-game cryptocurrency. The game Chain Clash already launched on the gaming platform and demonstrates how real human beings can “live” on the blockchain as rare, evolving and fun-to-use collectibles.
Swen E. Hallasch, managing director of Spielworks, says: “We are grateful for the strong partnership with FinLab EOS VC Fund and Volksbank Mittweida eG who share our vision in gaming as a catalyst for mass-market blockchain adoption and support us to further ease the entry barriers especially for first-time blockchain users and to bring the advantages of blockchain technology to today’s Web 2.0 gamers.”
Stefan Schütze, managing director of FinLab EOS VC Fund added: “As a supporter of the EOSIO ecosystem with our fund and investments, we really like the approach of Spielworks – how it enables the unique solution for users to create free EOS token accounts easily. This is in the purist sense a true “game changer” as with Wombat users can get effortless access to the best blockchain games built using EOSIO software.”
Headquartered in Berlin, Spielworks was incubated in 2018 by CHAINWISE Group, a leading blockchain consulting agency. Co-founded and led by Swen E. Hallasch and Adrian Krion, Spielworks has 20 employees and operates both the Wombat platform and the game Chain Clash. Since its launch in June 2019 Wombat attracted more than 110,000 users in 160 countries, onboarded more than 20 games and is featuring the only wallet on the market available on Android, iOS and Google Chrome with free EOS accounts. Chain Clash launched in April 2020, attracted crypto-celebrities like Brock Pierce and managed to sell the first EOS-based NFT for 1,731 EOS in 2019.
About Block.one and EOS VC:
Block.one’s EOS VC program offers developers and entrepreneurs the funding they need to create community-driven businesses leveraging EOSIO. It provides support through venture capital partnership funds that primarily aim to achieve sustained utilization of the EOSIO ecosystem by investing in a concentrated and diversified portfolio of blockchain-focused companies building on the EOSIO software. The EOS VC initiative is dedicated to fostering a global network of individuals from a number of disciplines through our engagement events. As part of the mission and vision, EOS VC engages with the blockchain developer community on a regular basis. For further information, please visit Block.one and vc.eos.io.
About Volksbank Mittweida eG:
With more than 36,000 customers and a balance sheet of 2 billion Euros, Volksbank Mittweida eG is a true pioneer in the German blockchain space. As the first bank in Germany, Volksbank Mittweida eG joined the leading German association “Blockchain Bundesverband” in 2019 and was the first bank offering accounts for blockchain based businesses in 2018. Furthermore, the bank focuses on the support of blockchain projects and is currently promoting the blockchain showcase “Blockchain-Schaufensterregion Mittweida” together with the city and the University of Applied Sciences Mittweida.
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A) is one of the first and largest investors focused on the Financial Services Technologies (“FinTech”) and blockchain sector in Europe. FinLab’s focus in this context is providing venture capital for start-ups. FinLab’s aim is long-term participation and ongoing support of its investments. FinLab in this regard supports its investments in their respective development phase with their network and know-how. In addition, FinLab acts as an asset manager and manages assets in the three-digit million-dollar range.
End of Media Release
Issuer: FinLab AG
Key word(s): Enterprise
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