For creating a Blockchain gaming network, Cocos-BCX, a Beijing-based blockchain gaming platform has raised $40 Million from goliath investors. The list includes BlockVC, BEO Global Capital, Binance Labs and 500 other Startups. The creator of Cocos-BCX is the same team of Coco2d-x who has developed iconic games such as Badlands, Clash of Kings and Angry Birds.

According to Richard Yang, Co-founder of Cocos-BCX, blockchain technology and game development go hand in hand. With the help of this technology virtual resources as coins, cards, weapons and other rare items are easily manageable. Also, throughout the game, players collect vast quantities of virtual resources and a distributed ledger technology can efficiently handle them.

The technology can create more transparency in the gaming community and deepen the relationship between gamers and developers. According to a medium post by COcoz-BCX, the reason behind its success is its transparency. The public can view the source code built inside blockchain and verify its authenticity, making it more trustworthy.

The main aim of the company is to provide a platform where game developers can build, release and maintain games, utilising the power of block chain. The platform comprises a blockchain-based game engine, a development environment and a public blockchain named CocosChain.

Cocos3d-x already have 1.1 million of developers. So, through them, the company can quickly adapt the Cocos-BCX platform without any hassle.

In an annual Gaming trade show in Shanghai, the developers had released an Alpha Version of the platform last month. Now, the management is planning to launch a beta version in the fourth quarter of the year while for a formal launch, developers have to wait until the first or second quarter of 2019.