Planet Digital Partners has a certain hypnotic circularity: The new game investment company, started by a clutch of industry overachievers, will use blockchain to raise funds to build games that use blockchain. (Yo dawg, I heard you like blockchain, so I . . . )
Planet Digital officially launches today, seeking $38 million in funding through a Security Token Offering, or STO. As we’ve touched on recently, 2019 is expected to be a big year for security tokens. They’re akin to stocks managed using blockchain, but offering investors much more of a known quantity than Initial Coin Offerings (ICOs), which don’t come with any legal claim on a company or its revenues.