Sugar Gaming Secures a Grant from Tezos Foundation: Pioneering the Future of Play-to-Earn Gaming
The Tezos Foundation has announced a grant for Sugar Gaming, a leading player in the gaming industry with a proven track record of 60 million players across Web2 games. Sugar Gaming is revolutionizing the play-to-earn space by combining immersive gaming experiences with real-world financial rewards, and now, through strategic partnerships, it is expanding its presence on Etherlink.
Why Sugar Gaming?
The Tezos Foundation recognized Sugar Gaming’s potential early on, awarding them a milestone grant in December 2023. With a history of generating millions in revenue and attracting hundreds of thousands of daily active users, Sugar Gaming has already demonstrated its ability to deliver successful games. Their expansion into Web3 gaming, starting with the first out of five games in their Sugarverse ecosystem — Sugar Match, a Match-3 PVP game — further highlights their innovative approach.
As part of their roadmap, Sugar Gaming is preparing for a Token Generation Event (TGE) in November 2024, followed by the full launch of the game and interoperable NFTs in February 2025. Major exchanges and launchpads have expressed their support, amplifying Sugar Gaming’s reach in the crypto and gaming sectors. To bolster their marketing efforts, the company is reinvesting a significant portion of their Web2 gaming revenue into promotions for the token launch. The Tezos Foundation will further augment their go-to-market strategy by providing additional funding.
Looking Ahead
With the backing of the Tezos Foundation and the technical advantages of Etherlink, Sugar Gaming is positioned to lead the next evolution of play-to-earn gaming. The partnership combines a commitment to quality gaming experiences with the financial incentives of Web3, creating a sustainable model that appeals to both traditional gamers and blockchain enthusiasts.
As Sugar Gaming continues to develop its ecosystem, more exciting updates are expected, including the upcoming playtest and TGE. This collaboration marks a significant step forward for both Sugar Gaming and Etherlink, heralding a new era in blockchain gaming.
Stay tuned for further developments as Sugar Gaming continues to leverage Tezos and Etherlink technology to support its journey in redefining the gaming landscape.
