The Fig crowdfunding/investing site has been acquired by Republic, paving the way for even greater expansion for this Kickstarter-esque service.
If you’re unfamiliar with Fig, it first gained notoriety a few years back when it made its debut. It’s similar to Kickstarter in many respects — a game developer can run a campaign to raise funds and you can contribute towards development.
Where the Fig crowdfunding site tends to differ is the kinds of rewards. You see, Fig isn’t just a crowdfunding site — it’s also an investment platform. That brings with it a lot more scrutiny (and a heck of a lot more regulation), but that also means that the people who contribute to campaigns can also see a return on their money.
The numbers speak for themselves: Fig has paid out $6.4 million in returns thus far, with some of the more impressive returns reaching as high as 565%. Ths far, Fig has been profitable for three straight years.
Now, the SEC-registered funding portal Republic has acquired Fig — and some ambitious new campaigns are on the way.
What Will Happen With Fig Crowdfunding Now?
What’s in store for the future of Fig? Well, it's essentially going to be more of everything that we've seen so far according to the newly-acquired company:
"Fig.co isn’t changing," states the company's about page. "You’ll continue to have access to your game library. We’re going to continue to bring you more awesome game campaigns. And now, with Republic’s help, we’ll be able to expose our campaigns to a much larger audience, and we’ll be able to bring you more amazing games."
The announcement was also kicked off with a new addition to the crowdfunding/investing platform: the Intellivision Amico Fig campaign is live, taking both investments and pre-orders for interested parties. This marks the first time Fig has done hardware, and appears to be part of their bigger plans for the future.
There are other concerns about Fig crowdfunding, of course, and the company takes time to cover those. They'll continue to support indie games, any investment holdings you may have aren't changing, and there will certainly be more opportunities in the future.
What do you think of the funding portal Republic acquiring Fig? Do you think this will be good for gaming as a whole? Let us know in the comments below!