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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

About

Owner and Publisher at Niche Gamer and Nicchiban. Outlaw fighting for a better game industry. Pronouns: Patriarch, Guido, Olive.




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11 comments
  1. Thanatos2k
    Thanatos2k
    November 25, 2015 at 7:08 pm

    So their platform was a big fat failure, so now they’re opening the gates.

    Sorry, but I’m always going to be wary of a crowdfunding platform founded by Tim Schafer.

  2. Nin
    Nin
    November 25, 2015 at 7:54 pm

    Wait, so someone who has an extremely negative reputation concerning crowdfunding actually made a crowdfunding platform? That’s hilarious. Better yet, the restrictions almost certainly guarantee only people competent with money are allowed, and I’m sure most of them would avoid Tim Schafer by default.

  3. Misogynerd
    Misogynerd
    November 25, 2015 at 8:30 pm

    I can see a crowdfund platform that is just managing one project at a time to be a cool idea, but Tim Schafer and indie games are not trustworthy. The industry is going to have a trust drought pretty soon since even darlings like CD Projeckt Red and Valve took a hit this year.

  4. Thanatos2k
    Thanatos2k
    November 26, 2015 at 12:00 am

    It’s not just him, there’s legit names on there, but that’s just not enough to curry trust.

  5. sanic
    sanic
    November 26, 2015 at 12:28 am

    Mr shitface can suck all 3.3 million inchs of muh dick.

  6. Unmotivated
    Unmotivated
    November 26, 2015 at 1:42 am

    At least Outer Wilds made what it needed before the whole thing crashed and burned, been waiting for that game years.

    But like what, did they think rich people would be tripping over themselves to break into the games industry this way?

  7. King of Bros
    King of Bros
    November 26, 2015 at 3:23 pm

    >Tim Schafer
    Ahahahahahahahahahahahhahaha.no

  8. Madbrainbox
    Madbrainbox
    November 27, 2015 at 3:35 am

    They took a hit?

  9. Fenrir007
    Fenrir007
    November 27, 2015 at 8:37 pm

    Letting Tim Schafer manage my money? Sounds like a plan!