Manc will use this investment to become a global gaming company.
The Istanbul, Manc-based mobile game company announced that it has received a $50 million investment commitment from GEM Digital Limited, a digital asset investment firm. The Turkish mobile game maker said the investment will be used to become a global brand in the gaming sector.
GEM Digital Limited has invested in the company “for its utility token Mancium,” the official press release said. Still, Manc stands out as a successful mobile game maker, even without the Web3 elements. The Turkish developer has released three mobile games and this total has reached more than three million downloads to date.
The game maker wants to expand the use of Mancium through GEM Digital’s commitment and make the token more accessible to the general population. Mancium currently has over 10,000 holders and is growing. The public blockchain solution powers Manc’s gaming ecosystem and enables in-app purchases, special in-game events, and the ability to collect supplies for Manc Academy.
Manc CEO and founder Halit Emre Aydın said: “This commitment from GEM Digital will propel Manc one step closer to becoming a global gaming company. Not only in the mobile game app industry, but also in the game ecosystem.”
Aydın also added that the company is growing rapidly and the growth rate is expected to reach more than 25 million downloads by the end of next year. This game company is adapting its games to Web3 and metaverse and aims to become a global name in the near future.