The team at Gamedex attended the Private Investors Event held in Singapore, The Insiders’ Edition, organised by W.B. Fleming, a leading private investors event organiser in Singapore.
Gamedex, one of the top ICO projects in the world, was invited to speak at The Insiders’ Edition on the 27th of August to a group of family offices, accredited private investors, VC funds and crypto funds.
About 40 investors responded and attended this event.
More about Gamedex…
Gamedex has an application for both PCs and smartphones which combines a digital wallet, exchange and game store together.
This allows players to collect digital cards and play exhilarating multiplayer games on the same application. Players can also use the digital collectible exchange on the application. All digital assets available on the exchange are paired against Gamedex’s tokens, the GDX.
Via the exchange, users can get themselves the best digital cards to aid them with winning their next game or buy any digital asset that has been listed on the exchange. Furthermore, users can also sell rare, limited edition digital collectibles to the highest bidder.
GDX tokens can also be purchased from stores with cash.
Gamedex’s smart contract escrow system also allows for collectors to choose the exact assets that must be sent to the escrow by both parties before anything is released. This makes direct peer-to-peer trading simple and risk-free.
In July, Gamedex raised $800,000 in a seed round led by Invictus Capital to build a platform similar to Steam. This platform will be for blockchain-powered digital collectible cards and games like FIFA Ultimate Team, Pokémon and Hearthstone, Magic: The Gathering. According to the latest Global Games Market report, the global gaming market has been projected to be worth USD $137.9 billion in 2018.
In one of the first token seed rounds ever completed, investors purchased GDX tokens instead of equity. This round was led by Invictus Capital who invested through their Hyperion fund. The Hyperion fund is a tokenized venture capital fund, which prides itself on investing in the most talented visionaries and entrepreneurs in the blockchain industry.
CEO of Cayman-based Invictus Capital, Daniel Schwartzkopff, explained their rationale:
“Digital Assets were a $35 billion market in 2017 and the cryptocurrency market has — at times — neared $1 trillion. The fact is, for all that blockchain is in the news, its biggest consumer use case is still untapped. I expect the nascent non-currency crypto-collectibles market to reach $100 billion by 2022.”
In Silicon Valley, this vision also seems to be prominently shared. Invictus Capital has now joined the likes of Andreessen Horowitz and Union Square Ventures who have also invested in the crypto-collectibles space.
Mark Pincus, Co-founder of Zynga, Naval Ravikant, Co-founder of AngelList and Fred Ehrsam, Co-founder of Coinbase are other individual angel investors who have also made large investments into companies in this industry.
Gamedex Co-founder and CEO Cameron Garvie added:
“I believe that ecosystems which rely on a community to function should belong to the community they are built on, and we aim to do just that. We chose to bring Daniel and his team over at Invictus into our seed round due to their deep expertise and wealth of connections in the industry.”
Gamedex will hold a public GDX token sale later this year and is looking for accredited investors in Asia.
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