In a move to support the advancement of decentralized gaming platforms, blockchain game development firm Crystal Fun has received a significant investment from KuCoin Ventures. The investment arm of KuCoin, a leading cryptocurrency exchange, believes in the potential of “web3 gaming to reshape the entertainment landscape,” according to a press release on February 20th.
Crystal Fun has already developed four innovative blockchain games, including Endless War, STARFALL2312, Survivor, and OUTER. The latter, which recently completed its initial testing phase, is a major milestone for the company. With the aid of the investment, Crystal Fun aims to launch games on its proprietary gaming platform throughout the year.
While the exact details of the funding allocation have not been disclosed, the $5 million seed funding round involved participation from multiple investors, including Actoz Soft, Waterdrip Capital, and ælf Blockchain. KuCoin Ventures’ decision to back Crystal Fun highlights its commitment to promoting innovation within the blockchain space.
Lou Yu, the head of KuCoin Ventures, expressed excitement about being a part of the evolution occurring in gaming. The investment in Crystal Fun follows another strategic move by KuCoin Ventures earlier in February when they announced their investment in Ta-da, a platform focused on gathering and verifying data for training artificial intelligence.
The partnership with Crystal Fun not only enhances KuCoin Ventures’ investment portfolio but also contributes to the growth of the blockchain gaming industry. As decentralized gaming platforms continue to gain popularity, this collaboration represents a step towards creating more immersive and inclusive gaming experiences for players worldwide.
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Crystal Fun Receives Investment from KuCoin Ventures to Support Decentralized Gaming Platforms
– Crystal Fun, a blockchain game development firm, has received a significant investment from KuCoin Ventures, the investment arm of KuCoin, a leading cryptocurrency exchange.
– The investment aims to support the advancement of decentralized gaming platforms, as KuCoin believes in the potential of “web3 gaming to reshape the entertainment landscape.”
– Crystal Fun has already developed four innovative blockchain games, including Endless War, STARFALL2312, Survivor, and OUTER. The investment will help the company launch games on its proprietary gaming platform throughout the year.
– The funding allocation details have not been disclosed, but the $5 million seed funding round involved participation from multiple investors, including Actoz Soft, Waterdrip Capital, and ælf Blockchain.
– KuCoin Ventures’ decision to back Crystal Fun demonstrates its commitment to promoting innovation within the blockchain space.
– The head of KuCoin Ventures, Lou Yu, expressed excitement about being a part of the evolving gaming industry.
– This partnership not only enhances KuCoin Ventures’ investment portfolio but also contributes to the growth of the blockchain gaming industry.
– The collaboration represents a step towards creating more immersive and inclusive gaming experiences for players worldwide.
Key Terms:
1. Blockchain Gaming – Refers to the use of blockchain technology in the development and operation of video games. It enables decentralized ownership, trading, and unique digital assets within games.
2. Decentralized Gaming Platforms – Refers to gaming platforms that are built on blockchain technology, allowing for transparent and trustless interactions between players, developers, and other participants.
3. KuCoin Ventures – The investment arm of KuCoin, a leading cryptocurrency exchange. It aims to support innovative projects and promote advancements in the blockchain space.
4. Web3 Gaming – Refers to the next generation of gaming experiences that leverage blockchain, decentralized finance (DeFi), and other emerging technologies to offer more immersive, interoperable, and player-centric games.
Related Links:
– KuCoin
– Crystal Fun
– Blockchain Gamer
The source of the article is from the blog anexartiti.gr