Robot Cache

Robot Cache, S.L.
Company typePrivate
IndustryVideo games
FoundedJanuary 16, 2018; 6 years ago (2018-01-16)
FounderBrian Fargo[1]
Headquarters
San Diego County, California
,
United States[2]
Key people
Websiterobotcache.com

Robot Cache, S.L. is a video game company established to allow for digital buying and selling of video games. It was founded in January 2018 by Brian Fargo, and reached open beta in May 2020.

Robot Cache is a game distribution platform, which claims to be an alternative shop to Steam[3] Unlike Steam, it enables customers to sell their games and earn 25% of the price in cryptocurrency.[4] The platform makes use of Blockchain technology to maintain a log of game ownership. It also uses the users computer to mine cryptocurrency as they play games.[5]

History

Robot Cache was founded in January 2018 by Brian Fargo, the founder of InXile Entertainment. Lee Jacobson serves at the chief executive officer, and Mark Caldwell as the chief technology officer.[1] Laura Naviaux Sturr, formerly of Daybreak, was CMO and COO in 2018 and 2019, leaving for Amazon Game Studios.[6][7]

Robot Cache had originally planned on a $15 million initial coin offering, however after the SEC had changed regulation regarding the issuance of such cryptocurrencies, the company converted the investors to a traditional SEC Reg-D Securities Offering an abandoned issuing any cryptocurrency altogether.[8][9]

The company ultimately raised approximately $10.5 million in its initial round, $3 million of which was from shares issued by one of its initial early investors Millenium Blockchain, which was also converted into equity shares along with the other early investors.[10] In December 2019, AMD and Robot Cache formed a joint marketing partnership to collaborate on various blockchain and gaming initiatives..[11][12]

On May 12, 2020, Robot Cache launched as an open beta.[13]

References

  1. ^ a b c d Takahashi, Dean (January 16, 2018). "Brian Fargo will launch blockchain currency for alternative digital game store". Venture Beat. Retrieved January 16, 2018.
  2. ^ Potter, Matt. "Trump's Truth Social deal stalled by San Diego-tied investigation | San Diego Reader". www.sandiegoreader.com. San Diego Reader.
  3. ^ Saed, Sherif (16 January 2018). "Robot Cache is a Steam competitor that allows players to sell back unwanted games for cryptocurrencies". VG247.
  4. ^ Evangelho, Jason. "3 Reasons Why Steam Competitor Robot Cache Will Succeed". Forbes.
  5. ^ Klotz, Aaron (7 July 2023). "AMD Partner's Crypto Gaming Site 'Robot Cache' Exits Beta". Tom's Hardware.
  6. ^ "Robot Cache names Laura Naviaux Sturr chief marketing officer".
  7. ^ Palumbo, Alessio (16 January 2018). "Robot Cache Game Distribution Platform Uses Blockchain To Reduce Publishers Fees, Allows Users To Resell Digital Games". Wccftech. Retrieved 12 May 2020.
  8. ^ Sinclair, Brendan (January 16, 2018). "Brian Fargo creating blockchain-powered PC game storefront". GamesIndustry.biz. Retrieved January 17, 2018.
  9. ^ Calvin, Alex (January 19, 2018). "The argument for blockchain tech in digital retail - Brian Fargo talks Robot Cache". PC Games Insider. Retrieved January 19, 2018.
  10. ^ Bachtelor, James (September 6, 2018). "Robot Cache secures $3m funding from Millennium BlockChain". GamesIndustry.biz. Retrieved September 6, 2018.
  11. ^ "AMD and Industry Partners to Develop New Blockchain-based Gaming Platforms". Guru3D.com. Retrieved 12 May 2020.
  12. ^ "AMD joins Blockchain Gaming Alliance and teams with distribution companies • GraphicSpeak". GraphicSpeak. 19 December 2019. Retrieved 12 May 2020.
  13. ^ "AMD and Robot Cache hit open beta, allows gamers to mine for free games". The Outerhaven. 12 May 2020. Retrieved 12 May 2020.

External links

  • Official website
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