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Picus Capital Invests $1M in Web3 Technology Platform Nefta
Web3 technology platform Nefta has announced a $1 million investment from Picus Capital. The company currently works with games studios at different stages of development, and will use the investment to scale the team and onboard more gaming companies in the future.
Nefta was founded this year by tech industry veterans Geeshan Willink, Fernando Pernica and Kai Goldmann, who bring first-hand experience in building their own Web3 games, alongside 40 combined years in gaming, finance and adtech startups. The team has set out to become a leader in the Web3 space, with the ultimate aim of solidifying the potential of Web3 technologies as a key driver in the future of game development and as a way to take gamer engagement, ownership and monetisation to the next level.
Geeshan Willink, CEO and Co-Founder of Nefta, said: “With extensive experience in creating Web2 & Web3 games, we’ve designed Nefta as the perfect toolbox to develop, launch and grow Web3 games. We’re delighted to announce the investment support from Picus Capital to further accelerate developer time-to-market and adoption of Web3 gaming. By removing the jargon and providing industry-leading end-to-end solutions, we aim to assist developers with scaling quickly in the space.”
Daniel Niklas, Investor at Picus Capital, said: “We firmly believe that gaming represents one of the most promising and impactful gateways for users into the Web3 ecosystem. We are proud to back the Nefta team in their mission to provide gaming studios with easy-to-implement and robust infrastructure toolkits, and serve as a key driver for larger Web3 adoption.”
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Bingo Paradise, a prominent UK iGaming affiliate, has announced its most successful quarter ever, achieving record growth during Q3 2024. The portal saw an unprecedented rise in first-time depositors (FTDs), a testament to its commitment to delivering value to players and operators in the highly competitive iGaming space.
“Q3 2024 has been a standout quarter for Bingo Paradise,” said Tom Waite, Manager of Bingo Paradise. “Our success is thanks to the hard work of our small team of talented writers and the oversight of our dedicated compliance manager. Together, they ensure that we provide honest, transparent reviews and operate within the highest industry standards. This, combined with our marketing efforts, including SEO and negotiating exciting player offers with operators, has been key to sending substantially more FTD’s to the operators.”
Bingo Paradise achieved a 65.24% year-over-year increase in FTDs compared to Q3 2023. This impressive growth underscores the affiliate’s focus on player-first strategies, such as creating honest, well-researched reviews that empower users to make informed decisions. The team’s compliance manager ensures every piece of content adheres to strict regulations, building trust with both players and operators.
A key factor in the platform’s success is its ability to negotiate exclusive offers with UKGC-licensed operators. These partnerships allow Bingo Paradise to provide unique deals that resonate strongly with players, enhancing its appeal as a go-to player resource. The focus on promoting only licensed operators also ensures fairness and security for users, which further solidifies the portals reputation.
The brands approach is a model of integrity and innovation. By prioritising compliance and transparency, Bingo Paradise, which itself is owned by Meteor Marketing Ltd has positioned itself as a trusted affiliate partner, both for operators seeking reliable collaborations and for players looking for guidance in the iGaming world. As the platform celebrates its Q3 2024 achievements, it remains committed to exploring new opportunities and maintaining its high standards.
Eagerly anticipated release now confirmed following a highly successful exclusivity period with Rush Street Interactive
Play’n GO has today announced the official US release of its hit title Colt Lightning Firestorm, following a three-week period of exclusivity with Rush Street Interactive brands BetRivers and SugarHouse.
Colt Lightning Firestorm was released in Europe and other jurisdictions in May 2024, and its release in the US comes with much fanfare following the game’s rave reviews in its short exclusivity period. The game is a sequel to the wildly popular Colt Lightning game which was released early last year, and indications at this stage suggest that this sequel may prove even more successful.
This announcement sees Colt Lightning Firestorm available to players in each state and operator with whom Play’n GO is licensed. Play’n GO first entered the online casino market in the US in 2022, and has reiterated its commitment to becoming active in every regulated market around the world.
Magnus Olsson, Chief Commercial Officer at Play’n GO said: “We’re excited to unveil Colt Lightning Firestorm to the wider online casino gaming community in the US, and have been very pleased to see its strong performance during its exclusivity period with Rush Street Interactive. We had high hopes for the game following the success of its predecessor, and we’re confident that these robust results will continue now that the game is available to an even bigger audience.”
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