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§ Private Profile · Miami, FL, USA
Blockchain play-and-earn platform offering crypto rewards for PC and console gamers via contests and tournaments.
Miami, Florida-based GamerGains Lab operates a blockchain-based play-and-earn platform that enables traditional PC and console gamers to earn cryptocurrency rewards through automated contests, challenges, and tournaments. The venture-backed company provides a tokenized ecosystem with transparent, instant payout settlements designed for both amateur and competitive players across major gaming systems and hardware. During April 2022, the enterprise successfully secured $5.8 million in seed funding from a syndicate of ten institutional investors, featuring prominent backers such as Tiger Global, FTX, and Winklevoss Capital. Operating with an estimated headcount of one to ten employees, the firm leverages the prior technical and product management experience of its leadership team at notable technology companies including BlockFi and DraftKings. The cryptocurrency gaming startup GamerGains Lab was officially founded in 2021 by co-founders Jon Brovda, Jacob Brovda, and Kane Jeong.
GamerGains Lab has raised $6.0M across 1 funding round.
GamerGains Lab has raised $6.0M in total across 1 funding round.
GamerGains Lab has raised $6.0M in total across 1 funding round.
GamerGains Lab's investors include Cadenza Capital Management, Alumni Ventures, Lerer Hippeau, Lightbank, Tiger Global Management, UpHonest Capital, Mark Pincus, BlockFi, CMS Holdings, Austin Rosen, FTX Ventures, Global Founders Capital.
GamerGains Lab has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Seed in April 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2022 | $6M Seed | Cadenza Capital Management | Alumni Ventures, Lerer Hippeau, Lightbank, Tiger Global Management, UpHonest Capital, Mark Pincus, Bascom Ventures, BlockFi, CMS Holdings, Austin Rosen, FTX Ventures, Global Founders Capital, Third Prime, Winklevoss Capital | Announced |
GamerGains Lab is a Miami-based technology company founded in 2022 that builds the first-ever token and cryptocurrency-based "play and earn" platform for traditional PC and console gamers on platforms like Xbox and PlayStation.[1][2] It serves a global community of hundreds of millions of casual and competitive gamers by offering an easy-to-use interface for automated contests, challenges, leaderboards, tournaments, and a marketplace, enabling users to earn crypto rewards through impartial, transparent competitions with instant payouts.[1][2][3] The platform solves key barriers in gaming monetization—technological complexity, economic access, and professional gatekeeping—by integrating Web3 innovations without requiring blockchain expertise, while supporting popular titles and fostering e-sports opportunities.[2][3][4] With 6 employees, under $5M in revenue, and $5.8M raised in seed funding from investors like BlockFi, FTX, CMS Holdings, GFC, and Lightbank, the company shows early momentum in development and investor backing.[1][5][6]
GamerGains Lab emerged in 2022 from the vision of co-founders Jon Brovda (CEO), Jacob Brovda, and Kane Jeong, who sought to blend traditional gaming passion with Web3 to create fair earning opportunities.[2][5] Jon Brovda brought expertise from BlockFi, where he scaled client services and product management as the company grew from 1,800 to over 600,000 users; Jacob came from DraftKings as a product designer in fantasy sports; and Kane contributed senior software engineering from ClickUp's productivity platform.[2] The idea crystallized amid the crypto boom, addressing how existing play-to-earn models alienated mainstream gamers by focusing on niche blockchain games rather than consoles.[2] Early traction included a $5.8M seed round announcement, signaling strong backing and platform development progress.[6]
GamerGains Lab rides the convergence of gaming and Web3, tapping into a $200B+ traditional gaming market underserved by play-to-earn models that demand crypto wallets and NFT games.[1][2] Timing aligns with maturing crypto infrastructure post-2022 downturns, enabling seamless fiat-to-crypto bridges for mass adoption amid rising e-sports and gamer economies.[2][6] Favorable forces include explosive console growth (hundreds of millions of users) and investor interest in "real yield" gaming, positioning it to influence by onboarding traditionalists to blockchain via familiar titles.[1][5] It expands the ecosystem by democratizing earnings, potentially boosting game publisher integrations and challenging centralized platforms like DraftKings.[2][3]
GamerGains Lab is poised for platform launch and user scaling, leveraging seed capital to refine contests and expand console support amid Web3 gaming recovery.[3][6] Trends like mainstream crypto wallets, AI-driven matchmaking, and regulatory clarity on gaming tokens will accelerate growth, while partnerships with titles could drive viral adoption.[2] Its influence may evolve from niche innovator to ecosystem bridge, monetizing idle gameplay for millions and redefining "play and earn" beyond hype—ultimately fulfilling its promise as a crypto-enhanced home for traditional gamers.[1][2]