Cryptyd Inc., a cryptocurrency firm, has revealed that it has completed a financing round with both new and previous investors.
The company’s flagship product, Baloot Quest, will be promoted throughout the Gulf Cooperation Council (GCC) nations with the help of funds from the most recent investment round.
Baloot is a complex synchronous multiplayer game among the most popular in Saudi Arabia and the rest of the Gulf Cooperation Council (GCC).
There are many Baloot games available, Baloot Quest stands out due to its focus on original artwork, gamification of the user experience, and inclusion of cultural elements to attract players and promote friendly rivalry.
Additionally, investment funds will be used to finance the creation of the company’s upcoming game, which will concentrate on international markets.
One of the few MENA-based game production studios that have successfully made the leap from enjoying games to mastering the game development process, according to Ahmed Alaa, CEO, and founder of Cryptyd, Inc., the company is proud to have the support and dedication of its investors.
After being nurtured by the AUC V-lab and later the Google indie game accelerator program in Singapore, Cryptyd is one of the vital game production companies in MENA that targets both local and global markets.
It intends to become the region’s games development spearhead (Google IGA). Massachusetts-based Egyptian subsidiary of Cryptyd, Inc., a Delaware C Corp, serves as the organization’s operations and development center.
Gamers in Africa used to congregate at internet cafes, cyber cafés, and gaming rooms. The youthful gamers would use foreign-made personal computers and gaming systems to enjoy the pleasure of their preferred games.
Only a select few people had the opportunity to relax in their homes while taking in these outer space masterpieces.
Now, the number of people playing games has dramatically increased over time in Africa, notably with the rise of cell phones and technology.
There is no disputing that there are still obstacles, such as a lack of sponsorship and insufficient infrastructure, but the fact that foreign digital giants are investing in African nations is encouraging for the future of gaming and the sector has room to expand.
Don’t miss important articles during the week. Subscribe to blockbuild weekly digest for updates.