Cryptoday 11.24 | Gaming guild Avocado Guild raises $18 million in Series A funding led by Animoca Brands
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Cryptoday 11.24 | Gaming guild Avocado Guild raises $18 million in Series A funding led by Animoca Brands
Only after experiencing the trials of hell can one develop the strength to create heaven; only fingers that have bled can play the world's most sublime music. —Tagore
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Only those who endure the harshest trials can gain the strength to create paradise; only fingers that have bled can play the world's most sublime music.
——Rabindranath Tagore
Funding Updates:
Fracture Labs raises $3.5 million, with Alameda Research among investors
On November 24, blockchain video game developer Fracture Labs announced it has raised $3.5 million in funding. Investors include Alameda Research, Huobi Ventures, Spartan Group, Forward Analytic, publicly listed Cryptology AG, Metavest Capital, and the Israeli Blockchain Association. The funds will accelerate game development and support the launch of Fracture Labs’ NFT marketplace ahead of the 2022 release of its blockchain-based multiplayer survival game, Decimated. Founded in 2018, Fracture Labs has been developing Decimated, its flagship multiplayer survival RPG. The team brings extensive experience from AAA titles such as Cyberpunk 2077, Evolve, Just Cause 4, Assassin's Creed, and Batman Arkham Asylum. Decimated is set to launch in 2022.
NFT blockchain game TryHards secures $3.85 million in strategic funding
On November 24, NFT blockchain game TryHards announced a strategic investment of $3.85 million. Participating investors include GD10 Ventures, Oddiyana Ventures, Lucid Blue, CaKoin Cap, Brilliance Ventures, Seedify Fund, DuckDao, and Kyros. Additionally, TryHards officially launched its token today. Following this token launch, the project’s roadmap indicates new game versions are expected by the end of 2021 and early 2022, including a game beta, “Fanatic,” “Weapon NFT drop,” and a series of battle releases.
Sandbox metaverse game SpaceY 2025 raises $21 million in Series A round
On November 24, sandbox metaverse game SpaceY 2025 announced a $21 million Series A funding round. Investors include Ash WSB, Draper Dragon, Formless Capital, Huobi Ventures, and Magnus Capital. OKEx Blockdream Ventures previously made a strategic investment in the game. SpaceY aims to build an open-source metaverse platform, and the new funding will support further development of the SpaceY game series. The test version of SpaceY 2025 was released in July 2021, with the full version expected by the end of November 2021. Steam and mobile versions are planned for release in 2022.
Metaverse football game MetaSoccer raises $2.2 million
On November 24, MetaSoccer announced it has raised $2.2 million to launch a football match and club management platform within the metaverse. Investors include PlayVentures, DefianceCapital, ParafiCapital, DAOMaker, KyrosVentures, MetrixCapital, and PeechCapital. MetaSoccer allows users to form virtual football teams, compete in matches, or manage teams across seasons. Its play-to-earn model enables users to earn MSU tokens by trading players on the platform, winning matches, and securing sponsorships.
Game guild Avocado Guild completes $18 million Series A round led by Animoca Brands
On November 24, gaming guild Avocado Guild announced the completion of an $18 million Series A funding round led by Animoca Brands. The post-funding valuation reached $200 million, with participation from Three Arrows Capital, Golden Tree Management, Solana, Hashed, and Binance Capital Management. The guild uses these funds to expand into other P2E games and plans to grow its membership base to 10,000. Avocado Guild currently has 7,000 members, primarily from the Philippines and the United States.
DeFi
Aave may allow ENS as collateral for borrowing
On November 24, Aave founder Stani Kulechov referenced a community proposal to add ENS as borrowable collateral, stating that ENS tokens will be integrated into the Aave protocol. Currently, ENS has already unlocked millions of dollars in liquidity within the Aave ecosystem.
Multi-chain DeFi aggregator Coinlink to launch on Polygon
On November 24, multi-chain DeFi aggregator Coinlink announced it will launch on Polygon. By leveraging Polygon, Coinlink users will gain access to a wide range of DeFi services, including DEXs and yield farming.
NFT/GameFi
First cross-chain 3D NFT artwork launched on Ergo and Cardano networks
According to official sources, the first cross-chain 3D gnome NFT artwork has been launched on both the Ergo and Cardano networks. This piece was co-created by artists Foeniculum and H.Y.P.E.
Metaverse game Dawn Wars to begin genesis public testing, with official launch scheduled for December 3
On November 24, Dawn Wars, a metaverse game built on the COCOS engine, announced it will begin its genesis public test at 22:00 Beijing time on November 24. INO whitelist registration is also ongoing. Game content will continue to improve during the testing phase, with an official launch planned for December 3. All game data from the public test will be reset upon launch.
Others:
Proposal to burn 88.675 million LUNA to mint UST executed, over 2.7 billion UST returned to community pool
On November 24, the Terra ecosystem confirmed the execution of proposals 133 and 134, which involved burning 88.675 million LUNA to mint UST. Over 2.7 billion UST (2,705,987,177) have now been returned to the community pool. According to CoinGecko data, the circulating supply of stablecoin UST is approximately $7.196 billion, representing over 160% growth in the past 30 days. Previously reported on November 10, the proposal to burn 88.675 million LUNA to mint UST was approved, with execution planned within two weeks.
Immutable Apes X: Enables users to bridge NFTs between Immutable and OpenSea
On November 24, Immutable Apes X, an NFT project on the NFT scaling solution Immutable X, tweeted that the team has developed a free tool allowing users to easily bridge NFTs from Layer 2 (IMX) to Layer 1. Once minting is complete, Immutable Apes X will become the first IMX collection tradable on OpenSea. Crypto influencer DCinvestor noted that the L2-L1 bridge is highly significant.
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