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LINQ Secures $2.3M In Funding To Accelerate Mobile Game Developer's Entry Into RMG Market

2024.07.02 09:37

LinQ, a pioneering platform in the Real Money Gaming (RMG) space, announced significant $2.3 million funding milestones from strategic investors including Drive-by DraftKings, Sharp Alpha Advisors, Middle Game Ventures, and a16z Speedrun. The funding follows an initial $1.5 million seed round led by 16z Speedrun in late 2023. The capital inflow is aimed at bolstering LinQ's efforts to drive top mobile game developers into the lucrative RMG market.

Strengthen the capabilities of mobile game developers:

LinQ is dedicated to providing a comprehensive technology stack and industry expertise that enables mobile game developers to quickly and securely transition to RMG. The platform manages critical aspects such as compliance, operations, geographic location, and payments, simplifying a complex and resource-intensive process across different jurisdictions.  안전 슬롯사이트

Game developers can benefit from integrating Linkue's turnkey infrastructure in a number of key ways. Real money games can be released within four weeks to launch, significantly reducing time to market. Linkue provides a seamless integrated solution that minimizes obstacles to development and improves operational efficiency. The platform's business model aligns with customer success and promotes mutual growth and sustainability.

Linkyu has strong partnerships with leading global game publishers and strategic partnerships with industry giants like Azur Games, Mambu/MyGames. This collaboration highlights Linkyu's commitment to driving strong market entry strategies and supporting sustainable growth in the RMG sector.

RMG's Market Opportunity:

The global online RMG market, worth $13 billion in 2023, is projected to reach $40 billion by 2028. This growth trajectory highlights that RMG is the only expansion category within the gaming industry, presenting a golden opportunity for studios to diversify their revenue streams and capitalize on evolving consumer preferences.

According to a report by Market Insider, Kevin Cubitt, co-founder of Linkue, highlighted the pivotal role of the platform in addressing industry issues and providing a regulatory-first approach to RMG. "We aim to provide all the essential tools and legal support needed for top game developers to quickly and effectively enter the RMG market," Cubitt said.

Dmitry Vysotski, co-founder of LinQ, highlighted the innovative potential of platform infrastructure. "Our goal is to power the real economy within the game and revolutionize our monetization strategy beyond the free-to-play model," Vysotski affirmed.

Investors like Middle Game Ventures' Kanishk Walia recognize LinQ's regulatory capabilities and its strategic position in driving market innovation. "LinQ's approach not only opens up new revenue streams for game publishers, but also opens the door for financial institutions to engage in this burgeoning sector," Walia said.

Kevin Cubitt has a wealth of experience as CEO of a European regulatory lender, receiving FCA regulatory approval and achieving a successful exit. Dmitry Vysotski, a seasoned technology entrepreneur and angel investor, co-founded Propitero, a leading e-commerce measurement company, which he later acquired for more than $200 million.