Cocos-BCX, a Beijing-based blockchain gaming platform raises $40 million in new financing from global investors. Creating by the founding team of Cocos2d-x, the makers of hit mobile games in the likes of Angry Birds, Clash of Kings, and Badlands. The platform investors include Binance Labs, 500 Startups, BlockVC, and NEO Global Capital.
Co-founder Richard Yang, calls the step a natural one, he stated:
“There is an economy within any game and blockchain allows the developers and players to validate scarcity.”
To put it simply, the technology could simplify the management of the supply and ownership of virtual resources collected by players during gameplay, like cards, coins, weapons, and rare items.
Last month, A Medium post by Cocos-BCX also revealed that blockchain will help create a more transparent community around game mechanics and deepen the relationship between gamers and developers as the source code built on the blockchain will be visible to and verifiable by the public.
Founder Haozhi Chen said in a statement:
“With this new injection of capital, we will push the blockchain gaming industry forward and focus on penetrating the market faster than anyone else in this space.”
With an existing community of 1.1 million developers, Cocos2d-x hopes that their royal members will enable the jumpstart mainstream adoption of Cocos-BCX. Last month at an annual gaming trade show in Shanghai, ChinaJoy the alpha test version of the platform was released. The beta version is expected to launch in the fourth quarter of this year, followed by a formal launch in the first or second quarter of 2019.