Platform that allows you to win bitcoin playing Counter Strike raises USD 11 million

Key facts

:

  • The platform allows you to earn micro-rewards for every kill in CS:GO.

  • In addition to CS:GO, Zebedee has already expanded its platform to other games.

Zebedee, a cryptocurrency platform and wallet that has developed a bitcoin (BTC) reward system for playing Counter Strike (CS:GO), has closed its Series A funding round. It managed to raise about USD 11.5 million.

The announcement

was published on Zebedee’s official website on Tuesday, September 7. In the announcement it was possible to know some of the companies that participated in this round of financing, as is the case of Initial Capitals. For this firm, Zebedee was its first investment in projects within the bitcoin and cryptoassets industry.

The investment received, meanwhile, will be aimed at the growth and scaling of the platform, offering better tools that allow developers to integrate Zebedee within their games or platforms.

Geographical expansion of the company is also planned:

We have already created a world-class team of 25 people working completely remotely from all corners of the world with a single unified mission: to bring real economies to virtual worlds. Now, we’ve equipped ourselves with the resources to make it happen on a global scale.

Zebedee, virtual payments company.

Among the goals or challenges to be met thanks to this round of funding are regulatory issues. With the growth of the platform, they could run into regulations that, if not properly addressed, would impede development. According to the press release, it will seek to increase the capacity to comply with government regulations and provisions.

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Zebedee, a platform for earning rewards in bitcoins

The company defines itself on its website

as a

provider of “virtual payments for virtual worlds”

.

Zebedee can consolidate itself into a revolutionary platform, which uses Bitcoin to create a gaming ecosystem in which it is possible to earn rewards in BTC with payments through the Lightning network. This implementation can be integrated within games already established in the community, such as Counter Strike.

Platform that allows you to win bitcoin playing Counter Strike raises USD 11 million Platform that allows you to win bitcoin playing Counter Strike raises USD 11 million When neutralizing an enemy, Infuse will notify the reward received directly on the game screen. Source: Zebedee.

The platform is divided into two structures: wallet and reward system. The wallet integrates the Lightning network technology to receive and

send payments in BTC instantly and with very low fees.

The reward system is called Infuse and basically works as a sub-process that modifies the original experience offered by the game. Thus, it gives the option to receive rewards in BTC via the Lightning network.

Counter Strike, one of the established games in which Infuse works, allows you to earn rewards in BTC, for each enemy annihilated in the games. This was reported by CryptoNews at the time of the announcement of this possibility, in December 2020.

It should be noted that Counter Strike is not a P2E (play to earn) game like Axie Infinity. Here we are talking about a platform that allows you to earn BTC if you connect it with various games.