Ancient8 from Vietnam receives $ 6 million to develop infrastructure software for Gamefi

Ancient8 from Vietnam receives $ 6 million to develop infrastructure software for Gamefi

The blockchain company Ancient8 based in Vietnam said that additional funds in the millions have applied to advance its efforts to develop the infrastructure for the Gamefi sector in Web3.

In a statement on Wednesday, the company said that it had collected $ 6 million in a financing round, which was led by Makers Fund and C² Ventures, a venture capital company for interactive entertainment.

The participation of existing and new investors also took place via Pantera Capital, 6th Man Ventures, IOSG Ventures, Folius Ventures, Morningstar Ventures, TH3ia Capital, Sky9 Capital and Play Ventures.

Financing is used for the efforts of the company to expand its software products as well as for the growth of its community and gaming guild, said Ancient8. According to the statement, the company has an active user base of around 200,000 members.

"We believe that web3 games have brought a paradigm shift in the game industry for gamers and game developers," said Howard Xu, co-founder of Ancient8, in an email to block works. "Players get a new experience in which they can achieve a considerable income by doing what they love - play games."

GAMEFI-a PortManteau from games and finance-is a relatively new concept within the web3 ecosystem, which offers players opportunities to earn during play and offers economic incentives such as tokens and NFTS.

xu said, thanks to the great crypto gaming title like Axie Infinity-based in Ho Chi-Minh-Stadt-that the domestic sector had started to start driving. Gamefi's unique active whale wallets exceeded 1 million unique users for the first time last year, mainly driven by Axie Infinity, said XU.

"Since the success of Axie, thousands of blockchain games have been developed," said the co-founder. Axie is the world's leading blockchain game after monthly active users.

ancient8 tries to ride This success and founded the country's "largest blockchain gaming guild". It also said that it worked with more than 25 leading Gamefi projects. These partnerships include Axie Infinity and Phantom Galaxies-An Open World Wild Dream Simulation.

In the coming months, Ancient8 will probably bring a “Gamefi identity product” together with a token couple to address users via a market launch strategy for web3 games. The company added that it would use the products to connect with other top blockchain games.

"Blockchain revolutionizes the way games are made by moving a large part of the power that was originally held by game publisher into the hands of the game studio and the player," said Xu. "Players get a new experience in which they can achieve a considerable income by doing what they love - play games."

. .

The contribution Vietnam’s Ancient8 Gets $ 6m to build infrastructure software for gamefi is not a financial advice.