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Crowdfunding Platform Fig’s Next Game Won’t Require Millionaire Status

anchors in the drift 11-25-15-1

We’ve learned that crowdfunding platform Fig is opening up the doors to the average joe – meaning their next game will be open to everyone to invest in.

For those who haven’t been following the new crowdfunding platform since its inception, previously, you had to be SEC-accredited, meaning you bring in at least $200,000 a year (or have the enviable minimum net worth of $1 million). Coming from this, you could actually invest in said game – however, this is going to change.

“We believe that fans, in addition to having the opportunity to participate in the rewards-only tiers, should also have the opportunity to buy shares and participate in the financial success of a title,” Fig CEO Justin Bailey said in a press release.

Now, unaccredited individuals will be able to invest no more than 10% of their annual income or net worth in the next game. However, there’s a minimum of $1000 and a maximum of $10,000 in their next campaign, which is going to launch in early December. For now, the SEC is reviewing Fig’s filing and until it’s approved, the company is setting aside $1 million in shares and is accepting non-binding reservations from unaccredited investors.

It’s worth mentioning their first game, Outer Wilds, barely made its funding goal of $125,000 with a total of $126,480. Their second (and most recent) campaign, Anchors in the Drift (Editor’s note: pictured above), failed to meet its $500,000 goal with only $107,223 raised in funding. The game is still coming out, despite the failure of their Fig campaign.

Brandon Orselli

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Big Papa Overlord at Niche Gamer. Italian. Dad. Outlaw fighting for a better game industry. I also write about music, food, & beer. Also an IT guy.