Equipped with next-generation Web3, arcadeRaises a whopping $3.2 million in its latest seed funding round, ramping up its efforts to bring the power of GameFi to mainstream audiences.
The impressive fundraiser caught the attention of some big names within the Web3 ecosystem. Industry heavyweight Crypto.com leads the way, followed closely by KuCoin and Solana Ventures. Along with support from venture capital firms that rival Battalion and his Web3 company.
“We are excited to support Arcade2Earn, which bridges the gap between DeFi and GameFi on Solana. Whether you are a passive spectator or an avid gamer, the Arcade2Earn platform provides unrivaled exposure to the blockchain gaming ecosystem. Josh Feiner Solana Ventures
Bringing GameFi to mainstream audiences
Through seed funding, many of the companies involved have been captivated by Arcade’s bold vision, building a broader platform to bring GameFi services to a global audience. Customers do not need to own expensive game assets such as character NFTs and LANDs.
As a result of its grandiose plans, Arcade aims to bring Blockchain earning power It will reach users all over the world and make Game-Fi mechanics applicable to a wide range of everyday applications. We also keep the barriers to entry for prospective participants as low as possible.
The fundamental difference between the GameFi project and traditional games is the strong financial capabilities of the former. This is where Arcade fills that gap, enabling these groups of people to benefit through specific products without directly playing the game itself. Xinly YU Head of KuCoin Labs
Going forward, Arcade will use the newly acquired funds to grow its already impressive business. As a result, you can see yourself expanding your reach farther, hiring more staff, and expanding your output. So while cryptocurrency continues to take a breather, GameFi’s journey is just beginning.
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