The Parallel Successful Funding Round Brings in $4.3M to Take GameFi by Storm!

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Merely an idea 30 days ago, The Parallel now seeks to become a considerable name in GameFi Metaverse evolution.  With the completion of their modest fundraising rounds, The Parallel clocked in at $4.3 Million to close out this important milestone and now sets their sights on their IDO and phase 1 release.

The Strategic round for The Parallel is being Co-led by Kyber Network and Signum Capital. This co-lead brings with it enormous synergy between two huge names in the Crypto and GameFi space. Furthermore, they have completely committed to providing maximum value-add contributions through all stages of the project’s journey.  The ecosystem that will naturally evolve into an infinite Metaverse.

Advisors are a vital component to The Parallel’s long-term success. As such, the team has expanded its advisory panel with the priceless addition of Harry Holmes and Santiago R. Santos.

Harry Holmes is an NFT gaming entrepreneur with experience spanning back to the first Sony PlayStation and is currently the CEO Magicave. Santiago R. Santos, an earlier addition to the team, is a prominent name in the crypto-blockchain world who has supported countless successful and innovative projects.

Speaking on the matter was CEO Louis Nguyen, who said:

“The hardest part of the private round was saying no to lucrative financial offers. But Money was never a concern during fund raising, our focus was to have valuable long-term partners who believe in the unlimited potential of this project’s evolution”. An evolving and prosperous Metaverse has to fulfill three core needs of its ecosystem’s members:  community, entertainment and opportunity”.

Next up for The Parallel will be their IDO events. They will take place toward the end of December but before the holidays. The creative and marketing teams want to set a new standard in GameFi marketing quality, promising to make the IDO events full of technologically rich promo content utilizing AR, VR, and 3D technology.

About The Parallel

The Parallel has a purpose to kickstart the evolution towards an infinite Metaverse. The team plans to bring the world together and craft a unique GameFi experience where communities can enjoy a range of gaming, earning, and entertainment pathways.