TLDR:
- Hamster Combat, the popular Telegram game, rejects Venture Capital funds in favor of user value.
- The game has seen a rapid increase in users and has criticized the VC model in the crypto industry.
Hamster Combat, the crypto play-to-earn game, has chosen not to accept investment offers from major venture capital firms in the Web3 sector. The developers criticized the practice of using user growth as a liquidity strategy for VC supporters, prioritizing real value for users instead. The game has reached 200 million users and offers unique gameplay where players can earn HMSTR tokens by interacting with a virtual hamster. The rejection of VC funds reflects growing concerns about token sustainability and the impact of VC investments on token prices. Despite challenges, the cryptocurrency sector has shown signs of recovery in funding transactions.
Hamster Combat’s decision to forgo VC funds highlights a shift towards prioritizing user value over quick liquidity exits in the crypto industry. The game’s rapid user growth and unique play-to-earn model have attracted a large fan base, with millions of subscribers on its Telegram channel. By rejecting VC investments, the developers aim to uphold the fundamental principles of the Web3 space and focus on creating sustainable projects that benefit users.
The criticism of VC investment practices in the crypto world raises questions about the long-term sustainability of tokens and the impact of VC funding on token prices. Concerns about the VC model’s influence on token valuations and the overall stability of the crypto ecosystem have led to a reevaluation of traditional investment approaches. Despite market challenges, the cryptocurrency sector has shown resilience in funding transactions, signaling potential opportunities for growth and innovation in the industry.
