Hamster Kombat denies to investment offers from top VC firms

The decision to reject funding offers was made to protect Hamster Kombat’s ethics while focusing on providing an excellent gaming experience to players, says the team.

Aug 13, 2024 - 12:22
Aug 13, 2024 - 12:22
Hamster Kombat denies to investment offers from top VC firms
Hamster Kombat denies to investment offers from top VC firms

The sensational Telegram game, Hamster Kombat has once again sparked a buzz in the crypto community with the team sharing that they have turned down investment offers from to the top venture capital (VC) firms in the industry. 

In a latest announcement post on the telegram channel, the Hamster Kombat team said that they do not have any investors nor do they want to have anyone in future. The decision to reject funding offers was made to protect Hamster Kombat’s individual identity while focusing on providing an excellent gaming experience to players. 

“Since our explosive growth began, we’ve received numerous investment offers from some of the biggest venture capital firms in the Web3 space. We’ve turned down every single one,” said the team in the post, adding “to this day, Hamster Kombat doesn’t have any external investors.” 

Although they did not reveal which venture firms had expressed an interest in funding them. 

The developer team behind Hamster Kombat also clarified that 60% supply of HMSTR token would be reserved only for players. Meanwhile the remaining supply will be used for ecosystem growth and development as well as for market liquidity.

While Hamster Kombat is currently the biggest game among crypto users, it's very likely that investors and companies will try to offer funding deals to benefit with the game’s massive user base which is in million. The official channels show that Hamster Kombat now has over 50 million players worldwide. 

The team also warned crypto gaming projects that embracing funding from high profile investors and VC firms that they only invest to use the player base as an avenue for exit liquidity. 

Also read: Crypto license applications surges in Turkey amid new regulations

Marsha J Marsha is a crypto enthusiast and seasoned investor. As a crypto journalist, Marsha brings her excellent research and writing skills to Coinccino while accelerating its reach to thousands of users.