Israeli studio Spring Games raises $7M from Playtika
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Israeli startup Spring Games has raised $7 million in a seed round funding from Playtika to develop NFT-powered games on the blockchain.
The first game that Spring Games is working on is MaxiBoom. The esports game offers expensive prizes to players in skill-based tournaments that run 24 hours a day.
The company plans to convert MaxiBoom into an NFT-powered play-to-earn game on blockchain and develop new games on blockchain infrastructure. Since NFTs have data stored on blockchain, which can be sold and traded, gamers will eventually be able to earn money by grinding and ‘’mining’’ the company’s cryptocurrency, and by trading their owned NFTs, the company said.
Spring Games plans to create play-to-earn games, where players can earn rewards and own their virtual goods and resell them if they like. Platika’s is Israel’s big publicly traded mobile game publisher, and this move is its first dalliance with NFTs.
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According to Idan Amir, Spring Games will reach the market quickly and will issue its independent currency by mid-2022.
MaxiBoom is free to play MOBA (Multiplayer Online Battle Arena) game that test the gamer’s battle skills. Players can fight solo or fight alongside teammates. The game combines various weaponry and multiple arenas. The more rivals the player takes down, the more Maxi-Coins he or she earns.
Spring Games was founded in early 2020 by CEO Idan Amir; CTO Lital Natan, a senior technologist from
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