Cocos BCX Receives $40M

Cocos-BCX, a blockchain game development platform created by the founding team of Cocos2D-x, one of the largest open-source game development platforms, today announced that it has raised $40 million in financing from top blockchain funds and investors, including Binance Labs, NEO Global Capital, 500 Startups, and more. The new capital will allow Cocos-BCX to accelerate development of its new gaming platform and support the company's continued growth and expansion.

The funding comes shortly after the launch of the first Cocos-BCX demo in March 2018, which revealed components for in-game item generation, transfer, and offline storage on an experimental version of Cocos virtual machine and CocosChain. Since unveiling its demo, Cocos-BCX has doubled its team and opened new offices in Beijing, Seoul, Tokyo, and San Francisco. Additionally, Cocos-BCX has expanded strategic partnerships with leading blockchain projects like Loom, Ontology, Nebulas, and Cell Evolution, with more blockchain and gaming partnerships to be revealed in the coming months.

"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. More importantly, we understand what type of development environment is most effective across all blockchain platforms and operating systems," said Haozhi Chen, founder of Cocos-BCX. "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."

Leveraging the success of Cocos2D-x and its community of 1.1 million developers, Cocos-BCX aims to bring together the world's best game developers and blockchain engineers to build and collaborate on the platform while also soliciting feedback to help refine and improve the platform. Cocos-BCX's vision is to become an end-to-end platform where game developers can build, deploy, operate, and manage their games across all blockchain systems from a single destination.

"Building a entirely new blockchain gaming platform from the ground requires building a new engine, blockchain system, and an integrated development environment (IDE), which is no small undertaking," said Richard Yang, cofounder of Cocos-BCX. "We are delighted that our hard work and ongoing efforts thus far have been validated by so many investors and influencers from the blockchain and gaming communities. With this new funding we are confident that we can further accelerate the development of Coco-BCX to help bring blockchain gaming to the masses."

"Gaming is potentially the lowest hanging fruit in the blockchain industry yet the applications in this space remain largely untapped," said Ella Zhang, Head of Binance Labs. "Cocos is one of largest gaming developer communities worldwide, and Haozhi is a serial entrepreneur with proven track record in the gaming space. We hope the Cocos-BCX initiative will drive more real use cases for blockchain adoption and reveal the true potential of blockchain technology."

About Cocos-BCX

Cocos-BCX is a blockchain gaming development platform that provides game developers with a new game engine and development environment designed to support multiple blockchain systems. Launched in November 2017 by the founding team behind Cocos2D-x, one of the world's largest open-source game development platforms behind hit games like Angry Birds, Badlands, Fight!, and Clash of Kings, Cocos-BCX consists of a blockchain game engine, an integrated development environment, and an underlying public blockchain — CocosChain.