Hamster Kombat turns down venture capital offers

Vince Quill3 hours agoHamster Kombat turns down venture capital offersHamster Kombat has attracted more than 300 million users to the game, setting records in Web3 game development.1694 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onThe team behind Hamster Kombat recently disclosed that it has been receiving offers from some of the top venture capital firms in crypto but has “turned down every single one” to date.

According to the team, the decision to reject venture capitalist funding was made to protect Hamster Kombat’s player base and retain the developer’s core focus on providing players with a meritocratic experience that rewards participants by actually playing the game.

This is in stark contrast to many crypto games and projects that embrace venture capital funding, only for the venture capital firms to use the player base as an avenue for exit liquidity, the team said in an Aug. 10 announcement. 

Hamster Kombat’s team did not reveal which venture firms had expressed an interest in funding the Telegram-based game. Source: Hamster Kombat Telegram channel

The developers for Hamster Kombat also explained that 60% of the upcoming HMSTR token would be reserved for the players, while the remaining amount will be used for liquidity, future partnerships, in-game rewards and ecosystem development.

Related: Telegram to get Mini App store by the end of July — Pavel DurovThe “largest airdrop in crypto history”?

Hamster Kombat’s developers have been teasing the highly anticipated airdrop as “the largest airdrop in crypto history” as the game continues to attract users and showcase meteoric success in Web3 gaming.

In July, the Hamster Kombat team announced that the game had surpassed 300 million players, building on its initial success of acquiring 239 million users in only 81 days. The game has been widely touted by the team and Telegram founder Pavel Durov as a way to onboard hundreds of millions of individuals to blockchain technology, driving mass adoption forward.

Crypto exchange Bybit has already listed HMSTR for premarket trading on its over-the-counter (OTC) platform. The listing will allow users to secure the token before it actually goes live on traditional exchanges.

Bybit noted the potential for the OTC trading to skew the final listing price of the token but also explained that other factors would likely play a role in shaping the spot trading price of HMSTR once it officially launches.Trouble in Hamster paradise

Hamster Kombat’s rapid success has made the game’s community a target for malicious actors and scammers advertising fake HMSTR airdrops.

The fake airdrops and sophisticated phishing attacks even prompted the Hamster Kombat team to issue a notice on Telegram cautioning users against any individuals or groups claiming to offer sales of the token, which has yet to launch.

Magazine: Web3 Gamer: Gods Unchained app drops crypto, Kings of Fighters Arena review# Blockchain# Altcoin# Business# Adoption# Telegram# Games# Mobile Games# TON# GameFi# Hamster KombatAdd reaction