|Founded||January 16, 2018|
Aimed to be a direct competitor to Steam, the digital storefront from Valve, Robot Cache differs allows users to sell games through the service's encrypted blockchain, reducing the cost of operating the storefront. It is backed by a new cryptocurrency, IRON, which sellers mine or receive and can use to purchase games alongside real-world funds.
Robot Cache was founded in January 2018 by Brian Fargo, the founder of InXile Entertainment. Lee Jacobson serves at the chief executive officer, and Mark Caldwell as the chief technology officer. Laura Naviaux Sturr, formerly of Daybreak, was CMO and COO in 2018 and 2019, leaving for Amazon Game Studios.
Robot Cache planned on a US$15 million initial coin offering. In September 2018, Robot Cache had gained[clarification needed] about US$3 million in IRON from Millennium BlockChain, an investment firm, with the option to obtain up to US$7 million if desired.
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