ClanPlay raises $2 million for blockchain-based gamer rewards platform

ClanPlay has raised $2 million in venture funding for a platform that serves as a social hub for gamers who play in clans in games such as Clash Royale and also rewards gamers for their play.  The funding from Bicameral Ventures will help the company leverage its 2 million users and build what it calls the world’s first marketplace for in-game actions.

The Tel Aviv, Israel-based startup is using the Aion blockchain and cryptocurrency technology to create a reward system where gamers can essentially be paid for completing actions in a mobile game, said Leonard Frankel, CEO of ClanPlay, in a statement. ClanPlay plans to launch the Good Game Marketplace in the fourth quarter. The marketplace will enable players to monetize their skills by trading in-game services and participating in large-scale tournaments.