December 17, 2024
XYRO, an AI-powered gamified trading platform, has completed a private funding round, raising $1.4 million, with Animoca Brands serving as the lead investor. The funds are aimed at furthering the platform’s expansion and supporting its efforts in the gamified social trading sector. XYRO’s growth follows a series of initiatives, including its partnership with CoinMarketCap Labs and its transition from testnet to mainnet.
The platform offers multiple crypto trading modes, such as Up/Down, Bull’s Eye, and 1vs1, focusing on price action forecasting for major cryptocurrencies like Bitcoin. With over $3.5 million in trading volume and 500,000 transactions, XYRO has attracted a large user base of over 1.2 million followers. In addition to its trading features, XYRO incorporates social elements like live chat, team collaboration, and leaderboards to enhance user engagement.
XYRO operates entirely on-chain, with trading results recorded on the Arbitrum blockchain, ensuring transparency and fairness. The platform has also integrated AI-driven features, including AI-generated trading challenges. Moving forward, XYRO plans to launch its $XYRO utility token and a gamified airdrop to further engage its user community.
About XYRO
XYRO is a gamified crypto trading platform that integrates blockchain technology with social features, providing users with various gaming modes for trading cryptocurrencies. The platform ensures full transparency by recording all game results on the Arbitrum blockchain. XYRO is working on incorporating AI-powered tools and plans to launch a utility token and gamified airdrop in the future.
Website: https://xyro.io
X: @xyro_io
About Investor
Animoca Brands
Animoca Brands is a venture capital firm that focuses on investments in the digital entertainment and blockchain sectors. The firm has made investments in Web3 projects, including The Sandbox and F1® Delta Time, and is involved in supporting the development of the blockchain-based gaming ecosystem.
Location: Hong Kong, Hong Kong
Website: https://www.animocabrands.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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