Pantera Capital has invested $10 million in an emerging altcoin project in the metaverse gaming industry. DWF Labs has invested $25 million in another altcoin project.
Worldwide Webb million dollar investment from Pantera
Worldwide Webb, the creator of a pixel-art-based metaverse game, has raised $10 million in a Series A funding round from crypto-focused investment firm Pantera Capital. Funding will go towards hiring, integrating more Non Fungible Token (NFT) collections into the game, and establishing partnerships with brands and intellectual property owners. Pantera investment partner Sehaj Singh said in a press release:
Worldwide Webb bridges the gap between the traditional gaming and NFT communities through an ever-expanding catalog of browser-based minigames, where each player can use a unique ID (in the form of NFT). Not only has Webb’s rapid iteration on game development led to fun and engaging minigames, but the Worldwide Webb platform has provided another channel for NFT communities to enhance interaction and community building.
Released in 2020, Worldwide Webb is an interoperable, multiplayer online role-playing game where players can bring their own NFTs from multiple Blockchains to use as avatars in battles, missions and raids. (MMORPG) offers. In the coming weeks, Worldwide Webb will launch a browser-based player vs player game called Blockbusterz. Players who win more battles can access higher levels of NFT mints. The company is also working to add more brands to its ecosystem. Thomas Webb, the founder and CEO of the altcoin project, made the following statement on the subject:
We are developing tools that will allow them to include their IPs in the game. This is through land where they can build fields, integrate their existing NFTs, and build new ones into the Webb ecosystem. We are excited to build long-term relationships with brands and IP as we not only integrate their NFTs as avatars, but also bring their IPs to the Webb universe through meaningful in-game features like quests, boss fights, items and more.
DWF Labs invests heavily in altcoin project Beldex
Beldex, a Web3 ecosystem of decentralized applications that protect users’ data and identities, has raised $25 million through a new partnership with digital asset market maker and investment firm DWF Labs. The funds will help accelerate research and development for the Beldex ecosystem, and DWF will serve as a consultant and assist with marketing. DWF Labs managing partner Andrei Grachev made the following statement when making the announcement:
We are excited by Beldex’s ecosystem, which offers scalable and secure decentralized applications that prioritize privacy. The BDX token is an integral part of this ecosystem and provides a secure means of payment and incentives for users to contribute. We believe Beldex’s innovative solutions and focus on privacy and decentralization make it a strong player in the cryptocurrency space.
The Beldex ecosystem includes the private messaging app BChat, the decentralized virtual private network BelNet, the Web3 browser Beldex, and the cross-chain privacy protocol Beldex, which enables the anonymous transfer of assets between different Blockchains. Funding came as the crypto winter slashed venture capital investments in crypto projects by 91% year-over-year in January, but infrastructure projects remained relatively strong.
52681
