Polkadot-based decentralized gaming platform Ajuna Network has raised $7 million from industry investors through private and seed funding rounds.
The platform intends to use the fresh capital to develop its network and suite of tools, integrating better game engines and off-chain game operators. Ajuna’s goal is to enhance gamers’ experience through blockchain and non-fungible tokens (NFTs).
According to a press release shared with CryptoPotato, the private round, which took place first and was led by Asian blockchain-focused venture capital (VC) firm CMCC Global, raised $5 million.
Through the investment, CMCC Global has joined a growing list of investors, including Animoca Brands, OKX Blockdream Ventures, and Signum Capital, backing Ajuna’s parent company, BloGa Tech AG.
Commenting on the private round, Charlie Morris, Founding Partner of CMCC Global, said:
“We are thrilled to be leading this funding round into Ajuna. The platform empowers studios to incorporate immutable digital assets into their games, resulting in powerful new experiences for gamers. We are excited about the upcoming releases on Ajuna and look forward to supporting the team as they take blockchain gaming mainstream.”
The seed round was announced this month and raised an additional $2 million. The round was led by blockchain-focused VC Fundamental Labs.
Cedric Decoster, CEO of Ajuna Network, said:
“We are ecstatic by the support of our new investors led by CMCC Global, who not only share our drive to build out Ajuna Network but also our passion for the gaming space. With this strong support and growing community, we will continue building out on Polkadot, Ethereum & Polygon.”
As per the release, Ajuna plans to collaborate with other organizations to continue developing community products that will be deployed on its network.
In line with Ajuna’s vision to utilize blockchain and NFTs, the company has also launched its first season of the “Awesome Ajuna Avatars.” Inspired by the platform’s flagship game BattleMogs, more seasons will be launched later this year.
The post Polkadot-Based GameFi Ajuna Network Bags $7M for Ecosystem Development appeared first on CryptoPotato.
Ripple has burned another 15 million RLUSD as large treasury transactions continue to move the…
Monochrome Exchange, a multi-asset trading platform, has announced the Initial Exchange Offering (IEO) of its…
XRP whales have recorded a major feat this September, as whale inflows on Binance have…
Capital markets may see difficult times ahead, a warning to global investors. That is according…
One of the key challenges facing BTC users is Bitcoin’s DeFi idle liquidity. The good…
As competition in the tokenized stock market shifts from simple issuance to real-world utility, prominent…