Hamster Kombat, a rising star in the crypto gaming world, has decided to reject investment offers from major venture capital firms.
This decision, announced by the development team on August 10, showcases their dedication to prioritizing the player, as they stressed that venture capitalists might put financial returns ahead of the gaming experience and community welfare.
Hamster Kombat mentioned that “too many Web3 projects have built audiences only to use them as exit liquidity for their venture capital backers” and claimed to be against such practice.
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The team did not disclose which venture firms were interested in funding their game.
However, they revealed plans for the upcoming HMSTR token. The team said that 60% of the token supply is reserved for player rewards, with the rest designated for liquidity, ecosystem partnerships, in-game rewards, and other items. The team also touted the upcoming HMSTR token airdrop as potentially “the largest airdrop in crypto history.”
In July, the Bybit crypto exchange listed the HMSTR token for pre-market trading on its over-the-counter (OTC) platform, allowing users to trade the token ahead of its official release on traditional exchanges. Bybit noted that the pre-market price might not directly reflect the token’s official listing price.
Overall, Hamster Kombat’s decision to remain independent reflects a commitment to their community and the integrity of their gaming experience.
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.
