PlaysOut, a UAE-based gametech startup, has raised $7 million in a seed funding round that values the company at $70 million. The round was led by KBW Ventures, with additional investment from OKX Ventures and Pacific Century Group. The funding will be used to expand PlaysOut’s mini-game ecosystem, establish strategic partnerships, and explore high-growth markets such as the United States, the Middle East and North Africa (MENA), and Asia.

PlaysOut Key Art

About PlaysOut

Founded in 2024 by Jassem Osseiran and Alex W, PlaysOut provides developers with a mini-games engine and an SDK that allows seamless integration of mini-games into various platforms, including Telegram, Discord, and YouTube. The company aims to enhance its game library by offering more diverse and engaging mini-games, increasing its appeal to both developers and users. With the upcoming launch of its embedded SDK in May, PlaysOut expects to simplify the process of incorporating blockchain-based gaming elements, making it easier for developers to leverage web3 infrastructure.

Strategic Partnerships and Market Growth

PlaysOut plans to use the funding to form key partnerships that will strengthen its presence in the mini-game sector. By collaborating with companies in the gaming and blockchain industries, PlaysOut seeks to enhance its offerings and attract a wider audience. Strategic partnerships will play a crucial role in expanding the platform’s user base and improving the quality of games available.

In addition to expanding its mini-game ecosystem, PlaysOut is looking to grow its footprint in major gaming markets. The company sees strong potential in regions such as the US, MENA, and Asia, where the demand for interactive gaming experiences continues to rise. By entering these markets, PlaysOut aims to increase adoption of its platform and establish itself as a significant player in the evolving gaming landscape.

The Role of Blockchain in Mini-Games

PlaysOut integrates blockchain technology to enhance security, functionality, and accessibility for both developers and users. The participation of OKX Ventures, a firm known for its investments in blockchain and web3 technologies, highlights the increasing interest in incorporating blockchain into gaming experiences. This strategic alignment suggests that PlaysOut is well-positioned to innovate within the mini-game sector by leveraging blockchain solutions to improve game distribution and monetization.

KBW Ventures and Pacific Century Group, both recognized for investing in technology-driven startups, bring valuable industry experience and resources to PlaysOut. Their involvement is expected to help the company scale its operations and attract more developers to its platform. With the support of these investors, PlaysOut aims to build a strong mini-game ecosystem that integrates blockchain features while remaining accessible to a broad audience.

PlaysOut Cover Banner

Final Thoughts

The successful completion of this $7 million seed funding round marks an important milestone for PlaysOut as it moves forward with its plans for expansion and innovation. With the backing of major investors and a clear focus on growing its mini-game platform, the company is positioned to strengthen its presence in the gaming industry. By leveraging blockchain technology and forming strategic partnerships, PlaysOut aims to create a dynamic and engaging ecosystem that benefits both developers and users.