Oncade, founded by industry professionals, raised $4 million in a seed round led by a16z CSX. This event signals significant changes in game distribution.
Oncade's funding and goals
Oncade, founded by Stavros Lee and Greg Reisdorf, successfully secured $4 million in a seed round led by a16z CSX. The funds will be directed toward transforming game distribution, focusing on more creator-centered revenue models.
Trends in gaming and distribution
Oncade’s funding highlights a shift in game distribution that challenges traditional models through community-driven approaches that bypass app stores. This direction suggests that gaming platforms may begin distribution without intermediaries, creating new channels for game studios.
Founders' and experts' opinions
Stavros Lee, one of the co-founders of Oncade, stated: "In gaming, the value distribution is broken. The people driving value—studios, players, creators, and communities—aren't earning their proper share of the financial rewards. We're here to change that." Experts believe the trend of disintermediation will persist, as blockchain technology offers potential for direct transactions.
Oncade's funding by a16z CSX symbolizes the growing interest in blockchain infrastructure and the need for direct relationships between creators and players, which could alter the future of game distribution.
