The popular play-to-earn crypto game Hamster Kombat criticized the widespread venture capital (VC) financing in the crypto sector and announced that it has rejected all investment offers. The game developers emphasized their desire to return to the fundamental principles of the Web3 space, aiming to create innovative projects and generate real value and revenue.
Developers Announce Rejection of All Investment Offers
Hamster Kombat claimed to have reached 200 million users as of July and announced that it has 53 million subscribers on its Telegram channel. The game’s rapid growth attracted the attention of many major VC companies, but Hamster Kombat turned down all investment offers from these companies.
In an official statement on their Telegram group, the game developers said, “Since our explosion, we have received countless investment offers from the largest VC companies in the Web3 space, but we have rejected them all.” The developers stated that VC financing is often used to provide exit liquidity for investors rather than real users, which has become a common norm in the crypto sector.
The developers criticized that “we want to return to the fundamentals of the Web3 space,” noting that many companies prepare attractive presentations to secure investments, spend these funds on marketing, and then abandon users.
Hamster Kombat offers its players the opportunity to become virtual hamster CEOs of crypto exchanges like Binance and OKX. Players earn points by clicking on the hamster on the screen and can use these points for in-game exchange upgrades. The game, which uses the TON Blockchain, has gained significant popularity since its launch in April.
60% of HMSTR Token’s Total Supply Allocated to Players
The game developers stated that the upcoming HMSTR token can only be obtained by playing the game. While 60% of the total supply is allocated to players, the remaining portion will be used for purposes such as providing market liquidity, ecosystem partnerships, and rewards.
VC financing in the crypto industry has recently been the target of criticism. The value of the tokens of invested projects being higher than the initial investments of VC companies creates downward pressure after exchange listings, leaving public investors with losses. Hamster Kombat aims to address this issue by ensuring that VC companies’ access to HMSTR tokens will be the same as other users, meaning they can purchase the tokens once they start trading on exchanges.
