Infinite Fleet, a space-based multiplayer game, closed most of its first security token funding round last week. The developer raised $2.5 million through Simple Agreements for Future Tokens, a struct
Infinite Fleet, a space-based multiplayer game, closed most of its first security token funding round last week. The developer raised $2.5 million through Simple Agreements for Future Tokens, a structure that attracted backers including Adam Back, Charlie Lee, and Max Keiser.
The company sells the EXO token, which grants non-voting equity and a share of future profits. Unlike traditional crowdfunding where supporters pre-order or donate, token buyers own actual business stakes. If the game succeeds, token holders earn part of the revenue. This alignment between investor and company interests is the pitch behind the offering.
Infinite Fleet plans to register the token with both the U.S. Securities and Exchange Commission and Luxembourg's Commission de Surveillance du Secteur Financier. The company worked with BnkToTheFuture and Stokr to execute the sale, which runs on BnkToTheFuture's platform. BnkToTheFuture, founded by Simon Dixon (former director of the UK Digital Currency Association and UK CrowdFunding Association), operates as one of the larger investment platforms focused on fintech and crypto ventures.
Blockchain technology enables the tokenization itself. Holders can trade the EXO token whenever they choose, with each transaction transparent and recorded on the ledger. Intermediaries disappear. Ownership transfers directly between parties.
Inside the game, the INF token serves as the primary currency. Players hold INF in their own crypto wallets, meaning they control the assets they acquire in-game rather than the developer holding them on the player's behalf. The token exists both in-game and on public markets, tradeable outside the game's ecosystem.
The game uses what Infinite Fleet calls Proof-of-Participation, a variation on proof-of-work that ties earning to gameplay. Players accumulate INF by playing and competing in special events, similar to how other MMORPGs distribute gold or experience. Mining currency becomes indistinguishable from playing the game itself.
Infinite Fleet issues INF on the Liquid Network, a second-layer protocol built atop Bitcoin. Liquid relies on federated signing, where a consortium of nodes validates transactions rather than a single authority. The network pegs to Bitcoin in real time, allowing frequent transactions while preserving decentralization properties.
The arrangement lets players own their digital assets outright, earn a passive income stream through token appreciation if the game thrives, and participate in securing the currency without special hardware. For the developer, it means funding the game's creation while building a player base with financial skin in the outcome.
