ELEET GAMES
ELEET GAMES is a Germany-based Web3 game publisher founded in 2022, operating a 'Publishing 3.0' model where $LEET token holders share revenue and govern game decisions. It publishes MIGHT'N MOW'EM (live roguelite on Steam/Switch) and is developing OATHBOUND (Unreal Engine 5 MMORPG).
- Company typePrivate
- Founded2022
- HeadquartersKarlsruhe, Germany
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What ELEET GAMES does
ELEET GAMES GmbH is a Germany-based Web3 game publisher founded in 2022 by Carsten van Husen (formerly CEO of Gameforge) and Peter Stein. Operating under the 'Publishing 3.0' concept, the company positions itself as 'The Players' Publisher' and distributes the $LEET token to enable community governance and a stated goal of sharing 50% of published-game revenue with token holders. The company's technology stack combines Unity (MIGHT'N MOW'EM) and Unreal Engine 5 (OATHBOUND) game engines with the Tezos blockchain for NFT minting, using a hybrid on-chain/off-chain architecture that makes blockchain features optional for players. Two products anchor the portfolio: MIGHT'N MOW'EM, a multiplayer co-op Bullethell roguelite launched 24 October 2022 on Steam and Nintendo Switch via a Buy-to-Play model with parallel free availability on the Web3 platform BlockBorn; and OATHBOUND, a high-fantasy hybrid MMORPG currently in closed beta development.
The business model spans multiple monetization streams: one-time game license fees for MIGHT'N MOW'EM, a planned Free-to-Play Item-Shop for OATHBOUND, functional NFT sales on Tezos with in-game utility, the $LEET token ecosystem for revenue sharing and governance, and a Play-and-Earn bounty system ($5–$20 per bounty) distributed through BlockBorn. Distribution is hybrid, covering traditional gaming platforms (Steam, Nintendo Switch) and Web3-native channels (BlockBorn, direct website). The company targets two primary customer segments: traditional PC/Switch gamers who can play without any blockchain interaction, and Web3/crypto-native gamers who participate in Play-and-Earn, NFT collection, and token-based governance. Strategic partners include the Tezos Foundation, AWS Activate, Google for Startups, Blockchain Founders Capital, Blockrocket, BlockBorn, and the Blockchain Game Alliance. The company is privately held, German-registered (HRB 743083, Local Court Mannheim), and led by a ~9-person core team with Sir Ian Livingstone CBE serving as advisor. Revenue, token holder counts, and Discord community size are not publicly disclosed; the company has completed a pre-seed funding round.
ELEET GAMES firmographics
Firmographics- Name
- ELEET GAMES
- Legal name
- ELEET GAMES GmbH
- Website
- https://eleet.games
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ELEET GAMES is a Germany-based Web3 game publisher founded in 2022, operating a 'Publishing 3.0' model where $LEET token holders share revenue and govern game decisions. It publishes MIGHT'N MOW'EM (live roguelite on Steam/Switch) and is developing OATHBOUND (Unreal Engine 5 MMORPG).
- Ownership category
- akta.pro rank
ELEET GAMES industry classification
Industry- Product category
- Web3 Game Publishing
- NAICS
- Software Publishers (5132), Doll, Toy, and Game Manufacturing (33993)
- SIC
- Services-Prepackaged Software (7372), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Web3 Game Publishing & Distribution Platforms (FSAPAGAA)
- akta.pro secondary industries
- Web3/Blockchain Game Studios (MPAFAAAO), GameFi Economies & Token Systems (tokens, staking, sinks/sources, inflation control) (FSAPAGAG), In-Game Asset Standards & Infrastructure (NFT items, marketplaces, royalties, asset registries) (FSAPAGAE), Play-to-Earn & Reward Platforms (questing, loyalty, airdrop mechanics) (FSAPAGAH), Gaming NFTs & In-Game Asset Marketplaces (FSADANAF)
Keywords
Where ELEET GAMES is headquartered
LocationHeadquarters
- HQ city
- Karlsruhe
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
ELEET GAMES business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- Game Sales (Buy-to-Play): MIGHT'N MOW'EM uses Buy-to-Play monetization model where players purchase the game upfront on Steam or Switch
- Free-to-Play Item Shop: OATHBOUND uses F2P with Item-Shop monetization, complementing free gameplay with optional in-game purchases
- NFT Sales: Functional NFTs with in-game utility, minted on Tezos blockchain, sold to players seeking enhanced gameplay features or collectibles
- $LEET Token Ecosystem: Token holders receive revenue sharing (50% goal) and governance rights including votes on new games, features, and monetization
- Play-and-Earn Bounties: Time-limited bounties with monetary rewards ($5-$20) for achieving in-game milestones, driving engagement on BlockBorn platform
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | MIGHT'N MOW'EM - Buy-to-Play |
| Freemium | Pay-as-you-go | OATHBOUND - Free-to-Play with Item-Shop |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels10 records
ELEET GAMES product offering
Product offeringCore offering
ELEET GAMES is a Web3 game publisher that develops and distributes video games under its "Publishing 3.0" player-centric model. It sells MIGHT'N MOW'EM as a Buy-to-Play multiplayer roguelite on Steam and Nintendo Switch, is developing OATHBOUND as a Free-to-Play MMORPG, and overlays optional blockchain features—Tezos-based NFTs, a $LEET governance/revenue-sharing token, and Play-and-Earn bounties distributed through the BlockBorn platform—on top of fully off-chain playable games.
Product overview
ELEET GAMES operates as a Web3 game publisher under the 'Publishing 3.0' concept, offering two core games: MIGHT'N MOW'EM (a multiplayer coop Bullethell roguelite available on Steam) and OATHBOUND (a hybrid MMORPG on Unreal Engine 5). The portfolio integrates optional Web3 features—blockchain gaming, NFTs on Tezos, and the $LEET token—alongside traditional gaming monetization. The company's model centers on player participation through revenue sharing (50% of revenue to $LEET holders) and community governance (voting on game development decisions). Play-and-Earn opportunities are facilitated through partnerships with Web3 platform BlockBorn.
Differentiator
Problem solved
Functional benefit
Brands
- MIGHT'N MOW'EM: Multiplayer coop Bullethell rogue-lite game with RPG elements, available on PC (Steam) and Switch. Built with Unity engine, buy-to-play monetization model with optional Play-and-Earn via BlockBorn.
- OATHBOUND
Products and services
- MIGHT'N MOW'EM A multiplayer co-op Bullethell roguelite game flavored with RPG elements and rogue-lite progression, where players fight through ever-growing monster hordes, upgrade character classes long-term, and hunt for epic loot. Available on PC (Steam) and Nintendo Switch via Buy-to-Play, with optional Play-and-Earn bounties distributed through the BlockBorn Web3 platform. Built with the Unity engine.
- OATHBOUND A high-fantasy hybrid MMORPG built on Unreal Engine 5 that combines tactical combat with RPG class systems and a player-driven economy. Free-to-Play with Item-Shop monetization, complemented by functional NFTs minted on the Tezos blockchain that provide in-game utility without payer-skewed misbalancing. Designed for PC.
- $LEET Token The company's native cryptocurrency token enabling revenue sharing (with a firm goal of distributing 50% of all game revenue to $LEET token holders) and governance participation, including votes on new game selection, feature development, and monetization strategies.
Quantifiable outcome
- 50% of all revenue from published games shared with $LEET token holders
- +1 more outcomes
Companies that use ELEET GAMES
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
ELEET GAMES technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
ELEET GAMES partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Tezos FoundationcoreStrategic partnership for eco-friendly blockchain infrastructure. OATHBOUND's NFTs are minted on Tezos blockchain. Tezos chosen for its low environmental impact compared to other blockchain platforms.
- Blockchain Game AlliancecoreIndustry association for blockchain gaming companies, providing ecosystem visibility and credibility. ELEET GAMES featured on BGA member list.
- AWS (Amazon Web Services)coreCloud infrastructure partner through AWS Activate program for startups. Provides computing resources for game servers and platform infrastructure.
- BundesblockminorGerman Blockchain Association working on regulatory and industry standards. ELEET GAMES part of German Web3 gaming ecosystem.
- GAMEminorGerman gaming industry association representing game publishers and developers. Partnership provides industry credibility and networking.
- EncuriominorPartnership for game publishing and distribution support in German-speaking markets.
- EvilgrogminorGaming partner or service provider listed on website. Nature of partnership not fully disclosed.
- BlockBorncoreWeb3 gaming platform and marketplace for Play-and-Earn distribution. MIGHT'N MOW'EM launched in parallel on BlockBorn with unique bounty system for player rewards.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
ELEET GAMES competitors and assessment
Company assessmentBroad incumbents
- Sky Mavis (Axie Infinity): Creator of Axie Infinity, the original play-to-earn gaming ecosystem on Ronin blockchain. Comparable as a Web3 game publisher with token-based player economy, though Sky Mavis is significantly larger and more established.
- Wemade (WEMIX): Korean gaming giant behind the WEMIX Play platform, a major Web3 game publishing ecosystem with token-based economies. Comparable in the publishing-plus-token model, though Wemade is a publicly listed incumbent with a much larger game catalog.
- Animoca Brands: Large Web3 gaming investor and publisher with a portfolio of 400+ blockchain game companies. Directly comparable as a Web3 game publishing and investment platform, though operating at vastly larger scale and broader scope than ELEET GAMES.
Emerging players
- Big Time Studios: Web3 action RPG with cosmetic NFTs and player-driven economy. Comparable as a hybrid on-chain/off-chain game with NFT utility and traditional gaming monetization, though operates as a single studio rather than a multi-game publisher.
- Immutable: Web3 gaming infrastructure platform providing SDKs and marketplaces for NFT-based games. Comparable in the Web3 gaming publishing layer, though Immutable focuses more on platform infrastructure than first-party publishing.
- Sandbox (Animoca): Decentralized virtual world with user-generated content and NFT-based assets. Comparable in the Web3 player-owned economy positioning, though focused on UGC metaverse rather than traditional game publishing.
Direct peers
- Gala Games: Web3 gaming platform that publishes multiple games with its own GALA token and NFTs. Most direct comparable to ELEET's Publishing 3.0 model: hybrid off-chain/on-chain games, native token economy, and player governance over game development.
- Mythical Games: Web3 game publisher and marketplace operator (Blankos, NFL Rivals) using its own MYTH token and off-chain-first hybrid architecture. Strong direct comparable to ELEET's design philosophy of optional blockchain features and traditional-grade gameplay.
- BlockBorn: Web3 gaming platform and marketplace hosting Play-and-Earn games. Direct distribution partner (and effectively peer) for the MIGHT'N MOW'EM bounty system, with overlapping Web3-native gaming audience.
Others
- Gameforge: German MMO publisher where founder Carsten van Husen previously served as CEO. Comparable for distribution expertise and MMO publishing experience, though Gameforge is a traditional (non-Web3) publisher.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
ELEET GAMES social profiles
Digital presenceELEET GAMES financial estimates
Financial estimateRevenue estimate
Valuation estimate
ELEET GAMES leadership team
Management profileNumber of profiles
Profiles10 records
ELEET GAMES funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ELEET GAMES M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ELEET GAMES
What does ELEET GAMES do?
ELEET GAMES is a Web3 game publisher that develops and distributes video games under its "Publishing 3.0" player-centric model. It sells MIGHT'N MOW'EM as a Buy-to-Play multiplayer roguelite on Steam and Nintendo Switch, is developing OATHBOUND as a Free-to-Play MMORPG, and overlays optional blockchain features—Tezos-based NFTs, a $LEET governance/revenue-sharing token, and Play-and-Earn bounties distributed through the BlockBorn platform—on top of fully off-chain playable games.
Is ELEET GAMES a public or private company?
ELEET GAMES is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ELEET GAMES founded?
ELEET GAMES was founded in 2022. It employs 11 to 50 people.
Where is ELEET GAMES based?
ELEET GAMES is headquartered in Karlsruhe, Germany, in the Europe region.
How does ELEET GAMES make money?
Five revenue lines are on record. Game Sales (Buy-to-Play) is the primary driver. The others are free-to-Play Item Shop, NFT Sales, $LEET Token Ecosystem and play-and-Earn Bounties.
Who are ELEET GAMES's main competitors?
Broad incumbents on record are Sky Mavis (Axie Infinity), Wemade (WEMIX) and Animoca Brands. Emerging players are Big Time Studios, Immutable and Sandbox (Animoca). Direct peers are Gala Games, Mythical Games and BlockBorn. Gameforge is listed as an others.
Does ELEET GAMES have an API?
No public API is recorded for ELEET GAMES.
What industry is ELEET GAMES in?
ELEET GAMES's product category is Web3 Game Publishing. Its primary akta.pro industry code is FSAPAGAA, Web3 Game Publishing & Distribution Platforms, with a secondary code of MPAFAAAO, Web3/Blockchain Game Studios. Its NAICS code is 5132 and its SIC code is 7372.