Non-accredited Fig investors can now purchase equity in games, following its review process with the United States Securities and Exchange Commission.
Crowd-funding can only mean one thing: more upcoming PC games.
Fig launched last year, with the aim of creating a crowd-funding platform that shares game profits with the people who fund the projects. Back in August 2015, fans could either opt for traditional backer rewards, like Kickstarter, or equity investment by accredited, high net-worth individuals.
From December last year, Fig opened this latter option up to everyone else and bothPsychonauts 2 and Consortium: The Tower included this option in their funding rounds. The SEC review process took longer than expected, however, so non-accredited investors could only put down reservations on equity.
Now it’s all settled, it’s time to pay up.
“Enabling fans and communities to directly support and financially benefit from their favourite games is transformative to the publishing of interactive entertainment and beyond,” said Justin Bailey, founder and chief executive officer of Fig.
“Fig is committed to evolving video game publishing and crowdfunding in this direction that benefits fans, communities, and developers, and ultimately to the making of great games.”
Thanks, Polygon.