Japanese video game publisher Bandai Namco Entertainment announced that it has decided to invest in blockchain social games developer Gangbusters. The UK-based studio was launched back in 2019 by Brandon Wu, Michael Cann, and Matthew Romaine, the latter exited the company.
The Japanese gaming giant invested in the blockchain game developer through its startup investment fund dubbed “Bandai Namco Entertainment 021 Fund”, which was created “to invest in start-ups to create new entertainment and build Bandai Namco’s IP Metaverse,”
Gangbusters is developing social games utilizing blockchain technology and says they’re using what Web3 offers to connect with fans, which goes in line with Bandai Namco’s mid-term goals for Web3 gaming and metaverse plans.
The UK-based Web3 game maker is known for its blockchain-powered social game BattleTabs. Being a social game developer, Gangbusters also put a heavy focus on building a community based around its games and running them smoothly.
Bandai Namco’s official press release says this new partnership will help “accelerate its fan-made initiatives, expand its community with fans, and connect deeply with fans by combining its existing community management know-how with blockchain technology.”
Earlier this month, the Japanese game publisher acquired the majority stakes in Limbic, a German video game firm based in Langen, Germany. The publisher already held minority stakes in the German developer but decided to further invest in the European gaming market.