Snook

company

About

Snook is the real deal. Play hard and show your skill with a trail of dead snooks to earn more than respect.

Details

Last Funding Type
Pre-seed
Last Funding Money Raised
$3.40M
Industries
Blockchain,Gaming,Software
Founded date
Jan 1, 2020
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
SGM Innovation LTD
Also Known As
Snook

Snook is an online, multiplayer, Snake-like IO game… [gulp…I mean… comparing it to the old Nokia Snake is like comparing Bruce Banner to the Hulk.] It is a kill-or-be-killed, adrenaline-charged, multiplayer game that is pioneering NFT game characters. That means players’ performance directly affects the NFT face value (more about that below).

Unlike some play-to-earn NFT-gamified/NFT-infused games, in Snook the players' in-game character IS an NFT, with your skill and gameplay achievements immutably recorded on chain. This snook-NFT, your game character, as long as it does not die, can be played in future games. It also retains value as a digital asset and collectible on the secondary market.

Snook is the first game in a new NFT crypto-space – one that determines the face-value and affects the market value of NFTs through measurement of skilled "work" invested in their creation and development. It's a crypto meritocracy and similar to that thing your parents used to say: 'if you work hard and apply yourself, you'll reap the rewards'…
This merger between a relatively new, decentralized, trust-agnostic, and immutable economic paradigm and one of humanity’s most popular pass-time - gaming - is surprisingly natural and seamless. Players spend time playing. They develop skills with patience and persistence. Until today, their efforts were measured in their score, ranking and/or character evolution. Rewards were emotional and social. It felt good, and you got "street cred". However, like all economies, if one invests work/effort/energy in something, it should be possible to exchange the "fruits" of that labor with other things that also store value. Those could be money (e.g., Fiat or FT/cryptocurrencies), commodities (which are still fungible, i.e., they are the same and replacing one with another does not affect its value), or non-fungible items (e.g., NFTs). Which leads us to Snook – a game that allows players to monetize their performance and capture their unique gaming achievements in their NFTs.

Moreover, Snook makes certain achievements especially difficult to realize, allowing exceptional players to monetize their skill. As such, Snook is a steppingstone towards:
As such, Snook is a steppingstone towards:
- Curtailing inflation in the NFT market by providing a value metric that is not only based on buzz and speculation.
- Bringing the cryptocurrency and blockchain economy and ecosystem closer to mainstream economy and day-to-day transactions
- Realizing a working model for capturing the value of skill and performance

Whitepaper: https://whitepaper.snook.gg/

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$3.40M
Snook has raised a total of $3.40M in funding over 2 rounds. Their latest funding was raised on Sep 1, 2020 from a Pre-seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 1, 2020 Pre-seed $3.40M 14 MVST:MG Detail

Investors

Number of Lead Investors
Number of Investors
1
14
Snook is funded by 14 investors. MVST:MG and NGC Ventures are the most recent investors.
Investor Name Lead Investor Funding Round
MVST:MG Yes Pre-seed
NGC Ventures Pre-seed
Pluto Digital Pre-seed
6th Man Ventures Pre-seed
Brilliance Ventures Pre-seed
DAO Maker Pre-seed
Dokia Capital Pre-seed
Lucid Blue Ventures Pre-seed
Lupa X Capital Pre-seed
Maven Capital Pre-seed

Employee Profiles

Number of Employee Profiles
1
Snook has 1 current employee profiles, including Executive Hosam Mazawi
Executive