On May 29th, it was reported that according to official sources, the game distribution industry is undergoing a revolution, and Oncade is at the forefront of this transformation. The game distribution platform recently announced that it has successfully completed a $4 million financing round, which was led by a16z Crypto CSX.
In the traditional game distribution model, game studios often face many challenges. High platform fees are one of them, which greatly compresses the profit margins of game studios. According to relevant data, traditional platforms usually charge as much as 30% in fees, which is a heavy burden for many small and medium-sized game studios. Oncade is committed to breaking this status quo and reshaping the game distribution model.
Oncade innovatively transforms the passionate gaming community into a powerful distribution channel. In this way, on the one hand, it has helped the game studio improve its sales performance; on the other hand, it has also enhanced user engagement. The pay-per-sale model it adopts can be regarded as a major highlight. Under this model, game studios do not need to pay high platform entry fees or promotion fees in advance. They only pay a certain proportion to the platform when the game generates actual sales. This proportion is significantly reduced compared to the 30% of traditional platforms, saving a lot of costs for game studios.
For players, Oncade also offers a brand-new experience. Players are no longer merely consumers of games; they can also earn income by promoting their favorite games to friends. This incentive mechanism has greatly stimulated the enthusiasm of players, allowing them to enjoy the fun of the game while also becoming an important force in promoting the game, further expanding the influence and dissemination range of the game.
a16z Crypto CSX, as the lead investor in this financing, has an outstanding investment vision and abundant resources in the fields of cryptocurrencies and emerging technologies. The launch project of a16z Crypto CSX is a 10-week program aimed at assisting start-ups that are building promising projects on the web3 ecosystem. This project brings together industry leaders and experts, providing the selected projects with learning and guidance opportunities, as well as resource support from the company’s digital asset team. This investment in Oncade will undoubtedly inject strong impetus into the development of Oncade. With the resources and experience of a16z Crypto CSX, Oncade is expected to achieve greater breakthroughs in the field of game distribution, promote the innovative development of the game distribution model, and bring more value to game studios and players.
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