The cryptocurrency company Cryptyd Inc. has announced that it has closed a financing round with both new and returning investors.
The fresh funding round’s proceeds will go toward advertising the company’s core product, Baloot Quest, throughout the Gulf Cooperation Council (GCC) countries. One of the most played games in Saudi Arabia and the rest of the Gulf Cooperation Council (GCC) is Baloot, a synchronous multiplayer game that calls for a high degree of expertise.
While there are numerous Baloot games out there, Baloot Quest stands out because to its emphasis on original artwork, gamification of the user experience, and introduction of cultural themes to draw players and encourage friendly competition.
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Investment funds will also be utilised to fund the development of the company’s next game, which will focus on international markets.
“We are proud to have the commitment and backing of our investors and feel that we are very well positioned as one of the few MENA-based game development studios that has made the transition from loving games to mastering the game development process,” Ahmed Alaa, CEO and founder of Cryptyd, Inc said.
Massachusetts-based Cryptyd, Inc. is a Delaware C Corp, and its Egyptian subsidiary, Cryptyd SA, is the company’s operational and development hub.
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Cryptyd is one of the major games creation firms in MENA addressing both regional and worldwide markets, and it aspires to become the games development front for the area after being incubated by the AUC V-lab and subsequently the Google indie game accelerator programme in Singapore (Google IGA).
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh