Ryu Blockchain Technologies

Ryu Blockchain Technologies

Platform designed for players to real-money tournaments in online video games of skill. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€1—2m (Dealroom.co estimates Jun 2018.)
Chicago Illinois (HQ)
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DateInvestorsAmountRound
N/A

$300k

Seed
N/A

N/A

Seed
Total Funding€273k

Recent News about Ryu Blockchain Technologies

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Ryu Coin operates within the blockchain and gaming industries, providing a unique platform where players can wager on multiplayer matches using its proprietary cryptocurrency, Ryu. The platform allows players to place bets in Ryu coins, and the winnings are distributed proportionately among the winners, with the network taking a 10% fee. This business model not only engages gamers but also leverages blockchain technology to ensure transparency and security in transactions.

The company primarily targets gamers who are interested in competitive multiplayer matches and are familiar with cryptocurrency. Ryu Coin's market is at the intersection of the gaming and blockchain sectors, appealing to tech-savvy individuals who seek both entertainment and investment opportunities.

Ryu Coin generates revenue through the 10% fee it charges on all wagers placed within its ecosystem. This fee structure ensures a steady income stream as the platform scales and attracts more users. Additionally, the company is actively pursuing partnerships and developing its Minimum Viable Product (MVP) to expand its market reach and enhance its service offerings.

Key personnel include Nick Fujita, a Senior Blockchain Engineer with extensive knowledge of the NEO ecosystem, and Ross Krasner, the CEO with a background in marketing and communications. The team is rounded out by Wyatt Mufson, the CTO, who oversees system design and development.

Keywords: blockchain, gaming, cryptocurrency, multiplayer, wagering, proportional winnings, network fee, transparency, security, tech-savvy.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.