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Hamster Kombat Puts Players First, Turns Down VC Offers
Last Updated: August 13, 2024
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Key Takeaways
- Hamster Kombat has rejected investment offers from major venture capital firms to prioritize the player experience;
- The team criticized other Web3 projects for using audiences as exit liquidity for venture capital backers;
- They announced that 60% of the upcoming HMSTR token supply is reserved for player rewards.
Hamster Kombat, a rising star in the crypto gaming world, has decided to reject investment offers from major venture capital firms.
This decision, announced by the development team on August 10, showcases their dedication to prioritizing the player, as they stressed that venture capitalists might put financial returns ahead of the gaming experience and community welfare.
Hamster Kombat mentioned that "too many Web3 projects have built audiences only to use them as exit liquidity for their venture capital backers" and claimed to be against such practice.
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The team did not disclose which venture firms were interested in funding their game.
However, they revealed plans for the upcoming HMSTR token. The team said that 60% of the token supply is reserved for player rewards, with the rest designated for liquidity, ecosystem partnerships, in-game rewards, and other items. The team also touted the upcoming HMSTR token airdrop as potentially "the largest airdrop in crypto history."
In July, the Bybit crypto exchange listed the HMSTR token for pre-market trading on its over-the-counter (OTC) platform, allowing users to trade the token ahead of its official release on traditional exchanges. Bybit noted that the pre-market price might not directly reflect the token's official listing price.
Overall, Hamster Kombat's decision to remain independent reflects a commitment to their community and the integrity of their gaming experience.
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