Arcade Raises $3.2M in Mainstream GameFi from Crypto.Com, Solana, KuCoin and Others – NFT News Today

Arcade, a GameFi platform democratizing web3 gaming, has raised $3.2 million in seed funding. Many industry heavyweights and famous investors participated after being impressed by the arcade’s vision of mass market gaming where anyone could earn financial rewards.

Led by Crypto.com, the round included investments from Tenzore Capital, Alpha Crypto Capital, Highland Ventures, Flow Ventures, Panga Ventures, Hindsgaul Capital, WealthUnion, VKS, Khalili Bros, Contango, PlutusVC and BigBrain. . PARSIQ, Solana Ventures, Shima Capital, KuCoin Labs, LD Capital, Capital, Rainmaker Games, HotBit, GSR, Moonrock Capital, Non Fungible Labs, W3I, Master Ventures, StarLaunch, Good Games Guild, Prometeus Labs and NxGen. the circle

Arcade Blockchain seeks to make gaming accessible to a global audience and remove financial barriers to participation. This includes the need to purchase local NFTs, representing land or characters, which can cost hundreds, if not thousands, of dollars. Through its mission pools, anyone can earn rewards from engaging in play-to-earn activities without owning the corresponding in-game NFT.

KuCoin Labs head Xinly YU said: “The fundamental difference between a GameFi project and traditional games is the strong financial characteristics of the former. However, not everyone is good at playing or has time to play games and earn. This is where arcade fills the gap by enabling that group of people to enjoy earning through their specific product without directly playing the game.”

Solana Ventures’ Josh Finer added: “We’re excited to support Arcade2Earn as it bridges the gap between DeFi and GameFi at Solana. Whether you are a passive spectator or an avid gamer, the Arcade2Earn platform offers unparalleled exposure to the blockchain gaming ecosystem.”

With seed funding in place, Arcade Blockchain will double down on its mission to transform gaming and GameFi into a space that is accessible to everyone.

About the arcade

Arcade is made for those who are passionate about GameFi. It connects users to in-game rewards that are available in any play-to-earn game. ‘Arcadians’ can contribute to the community’s mission pool or take on the role of an operator who carries the skill set necessary for play-to-earn games across multiple chains.

Learn more: https://ift.tt/5aUMuDi

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