Oncade, a community-driven platform designed to boost game studio revenue, has successfully raised $4 million in seed funding. This round was led by A16z CSX, with participation from other visionary founders and industry leaders. The funding will be used to further develop Oncade's direct-to-consumer game store, bypassing traditional platform fees and empowering studios to reclaim control over their margins and leverage their communities for increased sales.
Oncade's innovative approach focuses on creating a more equitable revenue distribution model within the gaming industry. By shifting away from the traditional platform-centric model, Oncade enables studios to connect directly with their players, fostering stronger engagement and driving pre-sales, wishlist growth, and overall revenue. The platform also incorporates features like advanced payments, community-powered presales, and live-ops tools to enhance player engagement.
The company's platform utilizes a stablecoin protocol to facilitate real-time revenue delivery and instant global payments, breaking down traditional barriers and creating a more inclusive ecosystem for developers and players alike. Oncade aims to empower both studios and players, allowing players to become affiliates and earn directly from sales, creating a thriving, participatory ecosystem.
The $4 million investment will allow Oncade to expand its platform's capabilities, enhance its user experience, and further its mission of revolutionizing game distribution and empowering communities within the gaming industry. The company's experienced founding team brings decades of experience from leading companies in the gaming and technology sectors.