UAE-Based PlaysOut Raises $7M Seed Round to Expand Blockchain Gaming

PlaysOut, a UAE-based gametech startup, has raised $7 million in a seed funding round led by KBW Ventures, with participation from OKX Ventures and Pacific Century Group. The investment values the company at $70 million and will support PlaysOut’s expansion into new markets, the growth of its mini-game ecosystem, and the formation of strategic partnerships.

Founded in 2024 by Jassem Osseiran and Jimmie Jeremejev, PlaysOut provides a platform that enables developers to integrate mini-games into social media and messaging apps such as Telegram, Discord and YouTube. The company offers a mini-game engine and software development kit (SDK), allowing developers to seamlessly incorporate interactive games into their platforms. PlaysOut leverages blockchain technology to enhance user engagement and provide secure digital transactions.

The funding will be used to scale PlaysOut’s operations in high-growth regions, including the United States, the MENA region and Asia. The company aims to strengthen its ecosystem by expanding its game library and improving developer tools. A key milestone for PlaysOut will be the launch of its embedded SDK in May, which will facilitate smoother integration of mini-games across platforms.

OKX Ventures' participation in the funding round highlights the increasing interest in blockchain-powered gaming solutions. As a venture capital firm with a focus on cryptocurrency and decentralized applications, OKX Ventures sees potential in PlaysOut’s approach to integrating blockchain technology into mini-games. KBW Ventures and Pacific Century Group, both known for their investments in innovative and technology-driven businesses, bring additional expertise and resources to support PlaysOut’s expansion.