BlockchainSpace Raises Additional $2.4M In Strategic Funding Round
BlockchainSpace noted how NFT-based P2E games, such as Axie Infinity, CryptoBlades and The Sandbox, are continuously growing “into full-fledged economies” which helps thousands of gamers to earn a living especially amid the pandemic.
By Shiela Bertillo
BlockchainSpace, a metaverse guild hub for play-to-earn communities, announced that it has raised another $2.4 million strategic funding round. The funds will be used to onboard the next 20,000 play-to-earn guilds worldwide as well as accelerate its growth in the rapidly expanding NFT gaming industry.
“Over the last months investor interest in Metaverse companies has been high. We were careful in this strategic round to only focus on partners that could strengthen our growth in community building and community onboarding and are ecstatic with our small but impactful line-up with MorningStar leading the round” BlockchainSpace Founder Peter Ing said.
Aside from Morningstar Ventures taking the lead, the round also had participation from Crypto.com, Alameda Research (FTX), Kingsway Capital, OKEx Ventures as well as play-to-earn guild UniX Gaming.
“Guild leaders face challenges with operating their groups, and lack tools, data, and solutions that facilitate their work as their guilds grow and become more complex. At Morningstar Ventures we very much focus on all-things-community, and we are excited to work with BlockchainSpace to empower countless guild-managers to run guilds like a startup business, and remove their bottlenecks.” Danilo S. Carlucci, Chief Investment Officer at Morningstar Ventures stated.
BlockchainSpace noted how NFT-based P2E games, such as Axie Infinity, CryptoBlades and The Sandbox, are continuously growing “into full-fledged economies” which helps thousands of gamers to earn a living especially amid the pandemic.
“But the barrier to entry is high, with the most popular games requiring investments of over a hundred dollars just to get started. Guilds enable new gamers – known as scholars – to access P2E games without any upfront investment in return for sharing a percentage of the profits they earn.” The guild hub explained the role of ‘scholarships’ in regards to the entry restrictions in the cryptocurrency space.
BlockchainSpace stated that “guild operators are likened to the asset managers of the metaverse” and what they are doing are “like running a regular business in every sense.”
Currently, BlockchainSpace serves over 2,500+ guilds with more than 600K P2E players.
Consequently, BlockchainSpace recently announced its partnership with CoinGecko, the world’s largest independent cryptocurrency data aggregator, which aims to provide users with easy access to play-to-earn data and analytics.
This article is published on BitPinas: BlockchainSpace Raises Additional $2.4M In Strategic Funding Round
