September 18, 2024
RoOLZ Studios has successfully raised $1 million in a funding round led by TON Ventures, with participation from YOLO Ventures and Contango Digital Assets. This funding will be used to expand their in-house intellectual property (IP), forge IP partnerships, and develop integrated consumer apps on Telegram.
Project | Latest Raise | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|---|
RoOLZ | $1M | September 18, 2024 | TON Ventures | NFT, Entertainment, Gaming |
RoOLZ Studios is pioneering fan-owned entertainment by combining short-form Web2 content with mobile apps on Telegram and Web3 assets on the TON Blockchain. Their first IP, RoOLZ Season 1, has garnered over 10 million views. Additionally, more than 8 million players have engaged with RoOLZ mini-games, and over 35,000 fans have made in-app purchases.
About RoOLZ
RoOLZ is a community-driven entertainment studio that combines Web2 and Web3 technologies to create engaging content. With over 8 million app users, RoOLZ produces anime series and games, leveraging platforms like Telegram and TON (The Open Network). RoOLZ aims to decentralize the entertainment industry, allowing fans to contribute and share in the success of their projects through NFTs and other Web3 incentives.
Website: https://roolz.ai/
About Investor
Investor: TON Ventures
TON Ventures is a venture capital firm dedicated to supporting innovative projects within The Open Network (TON) ecosystem. Founded by former TON Foundation members, the firm aims to accelerate the development of decentralized applications and services that leverage the unique capabilities of TON and Telegram. With an initial fund of $40 million, TON Ventures invests in early-stage startups and provides strategic support, including access to Telegram’s social features and advertising resources. The firm focuses on fostering sustainable growth and creating lasting value for the TON community by collaborating with visionary founders and developers
Website: https://tonventures.io/
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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