GamerGains Lab announced the close of its $5.8 million seed round, supporting the development of the first-ever cryptocurrency-based play and earn platform serving hundreds of millions of traditional gamers around the world, across both PCs and consoles. Built by gamers for gamers, GamerGains will enable a players' typical gameplay to become an opportunity to earn crypto rewards, without a digital wallet or previous crypto experience, creating an accessible on-ramp for traditional gamers to enjoy the benefits of Web3.

GamerGains has secured seed funding from high-profile tech, blockchain, and crypto investors. Led by Cadenza Ventures, the group includes FTX Ventures, Tiger Global, Winklevoss Capital, Alumni Ventures Group, CMS Holdings, Third Prime, Global Founders Capital, Lightbank and BlockFi. Also joining the round is Austin Rosen's Electric Feel Ventures, investment arm of the entertainment company representing multi-platinum global superstars such as Post Malone.

GamerGains Labs is the first-ever token and cryptocurrency-based play and earn platform serving traditional gamers - a community of hundreds of millions of people around the world that enjoy playing on PCs and consoles such as Xbox and PlayStation. Offering an easy-to-use interface, the innovative platform will allow members to earn crypto with confidence through an automated contest lifecycle, which is impartial, transparent, and features instant payout settlement.