June 21, 2024
Gudchain Closes $5M Investment Round led by Mechanism Capital, with participation from Manifold, SkyVision Capital, and others. Gudchain is an application chain for gaming. It's designed to make Web3 less complex and more accessible for gamers. This platform is the creation of Highstreet Market, a company that has been in our portfolio for a long time. Gudchain will serve as the base layer for Highstreet's products, with the first game to be launched on this chain being the Highstreet World VR MMO.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Gudchain | $5M | June 21, 2024 | Investment Round | Mechanism Capital | Gaming |
In recent months, the team has developed a wallet that is fundamentally based on account abstraction, allowing it to be compatible across various platforms, including browsers, movies, and VR devices. Additionally, they have created a Unity SDK that comes with pre-set Web3 blueprints suitable for various types of games.
Furthermore, the team has secured deals with 5 major games, which they intend to launch on the chain within the coming 6 months.
About Gudchain
Gudchain is a game development company that focuses on integrating blockchain technology into its games. This innovative platform was initially commissioned by Highstreet World and is designed to remove entry barriers for players in the gaming industry. It allows developers to launch web3 games that seamlessly integrate virtual and real-world economies
Website: https://gudchain.com/
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About Investor
Investor: Mechanism Capital
Mechanism Capital is an investment firm that focuses on the cryptocurrency industry, with a particular emphasis on decentralized finance, or DeFi. The firm was founded in 2020 and is based in Liberty Hill, Texas. They are actively seeking new investments and have already made significant strides in the industry.
The firm’s investment strategy is centered around the belief in a future revolutionized by programmable value, fueled by permissionless innovation, and governed by popular sovereignty. They have a relentless focus on mechanism design. They have made 138 investments so far, with 10 exits. Their portfolio includes 114 companies2, and they have co-invested with over 1,048 other firms.
Location: Liberty Hill, TX
Website: https://www.mechanism.capital/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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