Cocos2d-x Founders Raise $40 million for Cocos-BCX Blockchain Game Platform

Cocos2d-x Founders Raise $40 million for Cocos-BCX Blockchain Game Platform

Cocos2D-x is one of the more popular engines for mobile game development, powering the likes of Angry Birds, Badlands, and Clash of Kings. Its founders have branched out into exploring ways into using blockchain for game development with Cocos-BCX. This is a blockchain game development platform announced in March 2018. Now, it has raised $40 million (close to Rs. 290 crores) in financing from blockchain funds and investors such as Binance Labs, NEO Global Capital, and 500 Startups. This will allow Cocos-BCX to support growth and expansion into new markets as well as accelerate development.

“Gaming has always been in our DNA, so we have a deep understanding of what the game developer community needs in order to succeed with blockchain,”said Haozhi Chen, founder of Cocos-BCX.

“More importantly, we understand what type of development environment is most effective across all blockchain platforms and operating systems. With this new injection of capital, we will push the blockchain gaming industry forward and focus on penetrating the market faster than anyone else in this space.”

Cocos-BCX plans to leverage Cocos2d-x’s 1.1 million-strong developer community. It consists of a game engine serving as the software framework and virtual machine to support various blockchains, a visual and data-driven integrated development environment created specifically for gaming use-cases, and CocosChain — a public blockchain based on Graphene and architected specifically for games and high-performance applications designed to support up to 100,000 transactions per second.

According to the company, blockchain technology matters because it could allow for greater transparency between developers and its consumers in terms of game mechanics and in-game economies, going as far as to suggest that items from one game could be used in another.

“Even further trading is not confined to a single game anymore and you can use ‘Thor’s Hammer’ from Game A to trade ‘Harry Potter’s Wand’ from Game B, as long as we have consensus on the value of the items,” a post from the company reads.