Key Takeaways
- PlaysOut is a new Web3 gaming infrastructure startup that has already secured significant backing from Tencent, OKX, and others.
- The PlaysOut token, PLAY, has risen over 19% since its launch on July 31, 2025.
- Web3 gaming tokens comprise a $19 billion market cap.
PlaysOut, a blockchain and Web3 mini-game infrastructure company and partner of tech giant Tencent, is considering an additional capital raise at a valuation of up to $150 million.
PlaysOut Fundraise
Per Bloomberg, PlaysOut is considering a $15 million equity financing raise at a $150 million valuation as it enters into discussions with major investors from Middle Eastern sovereign wealth funds and major global venture capital firms.
The firm has made several key partnerships this year, including DogeOS, OKX Ventures, Eros Now, Gate.io, Coinbase, and Binance.
This has seen it expand its gaming library and secure funding and crucial exchange listings for its native token PLAY, which launched at the end of July 2025.
In March, the firm raised $7 million in seed funding, backed by several Web2 and Web3 firms.
It’s also working with Aptos and B3 to further Web3 gaming infrastructure development.
Web3 Gaming Market
Web3 gaming is one of the most popular narratives in crypto this year.
It stands at the apex of everything blockchain has to offer.
It encapsulates digital assets, non-fungible tokens (NFTs), decentralized finance (DeFi), governance, and more.
In 2025, a flurry of high-quality AAA games, addictive competitive titles, emerging ecosystems, and Web3 gaming consoles have entered the market and reshaped the sector.
Now, it’s far more than a niche sleeping giant; it’s a bustling and thriving sector comprising a $19 billion market cap.
In fact, top industry experts, such as Immutable’s Robbie Ferguson, see Web3 gaming as the single-largest onboarding opportunity, and will draw more users to crypto than any other sector before it.
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Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
