Apr 25, 2024
InfiniGods, the mobile gaming studio known for the web3 gaming title King of Destiny, has secured $8 million in a Series A funding round led by Pantera Capital. This round follows an $9 million Seed Round in 2022, bringing the company's total funding to $16 million. The new funds will be used to expand InfiniGods' gaming portfolio and infrastructure, aiming to attract a broader mainstream audience.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
InfiniGods | April 25, 2024 | $8M | Series A | $17M | Pantera Capital | Gaming |
King of Destiny, part of the "Luck-Battle" category, incorporates blockchain technology and is built on the Arbitrum network. The game allows players to collect and trade digital assets and introduces a special currency called Fate, which can be used for in-game purchases and acquiring rare avatars.
CEO Damon Gura expressed enthusiasm about the future, stating that the funding will help scale "King of Destiny" to a global audience and enhance the player experience through blockchain technology. InfiniGods also plans to collaborate with the Valhalla Foundation to shape the future of mobile gaming.
The choice of Arbitrum was due to its low transaction costs, fast transaction speeds, and supportive community, which are essential for scaling the game and enhancing the player experience.
The Arbitrum Foundation, established in March 2023, supports the growth of the Arbitrum network with secure scaling solutions for Ethereum. Arbitrum One, a leading Ethereum Layer-2 scaling solution, was launched in August 2021. It offers fast, low-cost transactions and hosts over 2,000 DeFi and NFT projects. In August 2022, Arbitrum One upgraded to the Nitro tech stack for improved performance.
Arbitrum also announced an event called the Arbitrum Arcade, an eight-week on-chain gameathon designed to showcase innovative web3 gaming experiences. InfiniGods' King of Destiny will participate in the final week of this event, highlighting its integration into the Arbitrum ecosystem.
InfiniGods' approach aims to combine web3 technology with mobile gaming, focusing on player ownership and engagement. The company's developments are set to influence the gaming landscape, making blockchain technology more accessible and enjoyable for a wider audience.
About InfiniGods:
InfiniGods is dedicated to revolutionizing mobile gaming through blockchain technology. The studio's platform allows players to engage in a seamless gaming experience without needing to understand the intricacies of blockchain, thanks to its smart wallet for digital items.
Website: https://www.infinigods.com/
Twitter Account: @InfiniGods
Twitter Followers Today: 48,200
Twitter Followers 30 Days Ago: 35,550
Twitter Follower Change: 12,650 (+35%)
Investor Profile:
Investor: Pantera Capital
Description: Pantera Capital is a venture capital firm that specializes in blockchain and digital asset investments. The firm focuses on supporting innovative projects that are at the forefront of technological advancements in the blockchain space.
Location: United States
Website: https://panteracapital.com/
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