On Tuesday, crowdfunding platform for games Fig announced it hosted four of the top ten most crowdfunded video games of 2016. The funding portal stated that the four titles accounted for nearly two-thirds of the total amount of the ten games.
Sharing more details about Fig’s 2016, founder and CEO, Justin Bailey, stated:
“Our community propelled Fig.co’s campaign success rate into a lofty 78%. That’s over four times the normal success rate for video games according to ICO Partners and two times the success rate of all the projects for a leading crowdfunding platform, according to Statista. But while most well-known crowdfunding platforms are strictly for rewards-based campaigns, Fig.co last year became a unique place where game fans could choose to get rewards or equity related to a game project—or both! Many of you chose both, pledging a combined $8.7 million to support and invest in titles such as Psychonauts 2, Wasteland 3, Jay and Silent Bob: Chronic Blunt Punch, Consortium: The Tower, Kingdoms and Castles, Make Sail and Trackless.”
Bailey also noted that in 2016 he and his team learned more about the Fig community and noted that 3,700 users backed more than one game through its platform, with pledging averages at $133.71 per project and an average community invested in games was $2,800. He explained:
“Why is this so significant? Because it tells us that there are thousands of fans like you who value independent games so much, you’re willing to invest 21 times more money for an equity stake in titles you believe in. You’ve shown that there is a vibrant, engaged community willing to step up and play a critical role in an ecosystem that funds a new generation of games. In short, you helped us achieve the goal we set out to accomplish a year ago—to create an ecosystem where studios can stay independent, new talent can be discovered and profits can be shared with the fans and investors who’ve helped them along the way.”
Bailey then added:
“Looking back at 2016, we are deeply grateful to you—our community. Looking forward to 2017, we can’t wait to introduce our investors and backers to even more high-quality game projects that set a new bar for innovation and creativity.”
The Fig games were ranked #1 and #2 were Wasteland 3 securing $3.1 million and Psychonauts 2 scoring $3.8 million along with #8 and #10 with 8 being Jay and Silent Bob: Chronic Blunt Punch raising $445,000 and 10 was Consortium: The Tower capturing $348,000. Other games in the Top 10 most funded included Chronicles of Elyria, System Shock Remastered, Dual Universe, Prey for the Gods, Battalion 1944, and AdventureQuest 3D. See Fig’s 2016 infographic below.
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