July 1, 2024
MonkeyBit, an on-chain social gaming platform, successfully secured $2 million in a seed funding round. The round was led by 3KBTC Capital, a prominent Web3 investment firm from the Middle East. Participation from renowned names like Hongyi Labs further bolstered the fundraising effort.
MonkeyBit intends to leverage these funds to fuel the development of decentralized gaming platforms and creator tools. This strategic move aligns with their vision of constructing a robust Web3 social amusement ecosystem. The company has already established partnerships with several key players in the industry, including ABCDE Capital, Polygon, OKX, and Bitget, signifying their commitment to fostering a comprehensive gaming environment.
About MonkeyBit
MonkeyBit is developing a new Web3 gaming chain on Polygon. It plans to launch a decentralized multi-camp gaming platform where all results are provably fair and safe based on smart contract and blockchain technologies.
Website: https://monkeybit.io
X Account: https://twitter.com/Monkeybit_io
X Followers: 10,900
About Investor
Investor: 3KBTC Capital
Description: An investment fund specializing in the Web3 Game Finance (GameFi) sector, leveraging blockchain technology to provide funding and support for innovative and promising Web3 game projects.
Website: https://3kbtc.com/
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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