A Major Step for PlaysOut
UAE-based gametech startup PlaysOut has raised $7 million in a seed funding round at a $70 million valuation. The round was led by OKX Ventures, with additional backing from KBW Ventures and Pacific Century Group. This funding marks a significant milestone for PlaysOut as it sets its sights on expanding its mini-game ecosystem, forming strategic partnerships, and growing into high-potential markets such as the US, MENA, and Asia.
What is PlaysOut?
Founded in 2024 by Jassem Osseiran and Jimmie Jeremejev, PlaysOut is a mini-game platform that enables developers to easily integrate engaging mini-games into popular platforms like Telegram, Discord, and YouTube. Its game engine and software development kit (SDK) allow developers to access a growing library of mini-games, making it easier to enhance user engagement.
How will PlaysOut use the funds?
PlaysOut plans to strategically utilize the $7M investment across three key areas:
- ✅ Expanding the Mini-Game Ecosystem – PlaysOut will grow its game library, ensuring more diversity and engagement for users.
- ✅ Building Strategic Partnerships – The company aims to collaborate with major players in gaming and blockchain to enhance its platform.
- ✅ Entering High-Growth Markets – PlaysOut is setting its sights on the US, MENA, and Asia, tapping into the rising demand for blockchain-integrated mini-games.
The Role of Blockchain in Gaming
One of PlaysOut’s standout features is its integration of blockchain technology. This adds security, transparency, and new monetization opportunities for developers and gamers. PlaysOut plans to launch its embedded SDK in May 2025. This will make it even easier for developers to seamlessly integrate blockchain-based mini-games into various platforms.
Why Investors Are Excited
The involvement of major investors like OKX Ventures highlights the growing interest in the mini-game sector and the potential of blockchain-powered gaming.
- OKX Ventures – A leading venture capital firm focused on blockchain innovations, aligning with PlaysOut’s vision of merging gaming and blockchain.
- KBW Ventures – Known for supporting groundbreaking tech startups, KBW’s involvement brings industry expertise and valuable connections.
- Pacific Century Group – A firm with a strong history in investing in next-gen technologies, further validating PlaysOut’s potential.
What’s Next for PlaysOut?
With fresh funding, the company is positioned to transform the mini-game landscape. The startup aims to attract more developers, expand its market reach, and continue innovating with blockchain features.
As mini-games grow in popularity, especially in social media and Web3 spaces, PlaysOut is set to lead the way—offering seamless, engaging, and blockchain-powered experiences to a global audience.