Republic is excited to announce that we have acquired Fig, the world’s leading video game publisher that offers video game investments.
Fig pioneered a new, better way to fund and develop video games. In the traditional model, a small group of executives at big companies decide which games get made. On Fig, fans and individual investors help make the call on what gets funded.
Investors choose which games they want to support through an investment in Fig and can be rewarded with a portion of the revenue depending on how successful the game is.
When a game’s development is funded on Fig, it gains the support of hundreds or thousands of investors who all have a stake in its success. They become champions of the project, with opportunities to participate in early versions, the chance to give valuable feedback, and helping to promote the game to their friends once it launches.
This innovative model has worked extremely well. Since 2015, investors on Fig have successfully funded more than 40 games, and have been paid out an impressive $6,400,000 so far. Returns on individual investments have reached as high as 565% and Fig has enjoyed 3 straight years of positive returns.
Games funded on Fig have won prestigious awards and are highly rated by gamers.
- Outer Wilds just won the coveted BAFTA Best Game Award for 2019
- Pillars of Eternity II: Deadfire won PC Gamer’s Best RPG of 2018 award
- IGN awarded What The Golf as Best Mobile Game of 2019
- Kingdoms & Castles has a rare 9/10 rating on Steam
Announcing new campaigns
Now that Fig has joined the Republic family, we have big plans in store. Just today we launched a new campaign for Intellivision’s new Amico game console.
The Amico is a brand new game console which is entirely family-friendly. All games are rated ESRB E10+, or below. More than 10,000 VIP editions of the console were claimed during the pre-sale a few weeks ago, and to date retailers have placed orders for an additional 100,000 units. Learn more about the Amico and their campaign.
Here’s a look at other current live campaigns:
Marauder by Small Impact Games
Frozen Flame by Dreamside Interactive
Arcanium by Supercombo, Inc.
Unexplored 2 by Ludomotion
Hearo.Live by PiQPiQ, Inc
Learn more about these opportunities on republic.co/fig.
What's next
As a member of Republic, you will automatically be notified of new opportunities to back and invest in game campaigns via email. If you’d like, you can also sign up for an account on Fig.co.
Game investing will continue to take place on and through Fig. And we’re very happy to announce that Fig’s founder, Justin Bailey, will stay actively involved as a Fig board member and operating advisor to Republic.
Joining Republic means more investors, more ambitious games, greater exposure, and the opportunity for higher returns.
"Joining Republic means more investors, more ambitious games, greater exposure, and the opportunity for higher returns. I’m ecstatic Republic contacted me and excited about how this acquisition will further aid us in our mission to empower independent developers" — Justin Bailey, Founder of Fig.
When I first talked to Justin I was blown away by his industry knowledge and connections to the best game developers in the world.
"When I first talked to Justin I was blown away by his industry knowledge and connections to the best game developers in the world. It’s no wonder Fig has been so successful." — Chuck Pettid, CEO of Republic’s Funding Portal.
Games: a booming industry
There’s never been a better time for game investing. With much of the world stuck at home under quarantine, games provide an important way for kids and adults to express their creativity, connect with friends, practice teamwork and problem-solving, and stay entertained.
Even before current quarantines, gaming was growing at an estimated 9.6% annual rate. In an October 2019 report on the gaming industry, venture capital firm Andreessen Horowitz said the following:
“Next generation games will grow faster and larger than today’s hits, fueled by network effects from platform convergence, organic social discovery, and user-generated content. We believe the games industry is in the midst of a tectonic shift. Better yet, we believe that we’re still in the early stages of that transition”
Today the industry is growing even faster, and we expect this trend to continue even after the quarantines are over. It increasingly looks like video games are going to dominate the future of entertainment.
We can’t wait to present the Republic community with opportunities to invest in some of the top upcoming game campaigns in the world. It’s a chance to back games you believe in, and possibly earn a substantial return. Keep an eye on your inbox for important announcements.
Fig Publishing, Inc. is a subsidiary of OpenDeal Inc. dba Republic, the parent company of the Republic funding portal, OpenDeal Portal LLC. Past results may not indicate future performance, investments presented by Fig may lose their entire principal. Different Fig investments involve varying deal terms and degrees of risk, and may lose value. Therefore, it should not be assumed that future performance of any specific investment will correlate with historical results.
This educational article is provided by Republic to help its users understand this area of the market, it should not be construed as investment advice as it is impersonal, disinterested and was produced by Republic for Republic’s users, without remuneration received or expected.
Fig joins Republic. Video game investing is here.
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