VICTORIA, Seychelles–(BUSINESS WIRE)–On August 04, 2022,
KuCoin Labs, the incubation and fundraising arm of the KuCoin ecosystem, announced that it lead the seed funding round for Singapore’s PlayZap Video games, a Net-3 Gaming platform. Other investors who participated in the round included Arcanum Capital, Oddiyanna Ventures, and Prime Block Ventures.
PlayZap Games is a Play-to-Earn (P2E) community-driven gaming platform designed for the mainstream participant base, with the goal of delivering skill-based multiplayer aggressive video games that are pleasant, engaging, simple to learn, and difficult to master. The entire network is underpinned by a fungible token economy, NFTs, and blockchain wallets technology, with all of the Net-3 market’s live operations and publishing capabilities. PlayZap will publish the first version of their software on the App Store, GooglePlay, and internet desktop platforms with over 10 of their violent casual video games.
The seed round funding will primarily be used for the subsequent development of the gaming platform, the mobile and desktop versions, for the development of new game IPs, new partner onboardings, and to stimulate broader advertising reach, as well as to expand the mission’s influence within the GameFi ecosystem.
“KuCoin Labs believes that gaming would be the gateway to crypto mass adoption. PlayZap has supplied an excellent alternative for conventional Net-2.0 gamers to transition to crypto gaming simply with a give attention to leisure. The staff has stable expertise in Net-2.0 gaming with robust monitor information, which could be leveraged to energy up the PlayZap’s ecosystem.” Mentioned Lou Yu, the KuCoin Labs leader.
Regarding the incubation, KuCoin Labs will provide support to PlayZap Video games in numerous areas, including but not limited to advertising/PR/community, enterprise planning, and collaboration.
KuCoin is a global cryptocurrency alternative that was launched in September 2017 and has its operating headquarters in Seychelles. As a user-centric platform focused on inclusivity and group action reach, it offers over 700 digital assets. Currently, it offers Spot trading, Margin trading, P2P fiat trading, Futures trading, staking, and lending to 20 million clients in 207 countries and regions.
In 2022, KuCoin raised over $150 million in investments through a pre-Collection B Spherical, bringing the total investments to $170 million when combined with Spherical A investments, for a total valuation of $10 billion. According to CoinMarketCap, KuCoin is currently one of the top 5 cryptocurrency exchanges. Forbes identified KuCoin as one of the Finest Cryptocurrency Exchanges in 2021. The Ascent awarded KuCoin the Best Cryptocurrency App for enthusiasts in 2022. To learn additional, please visit https://www.kucoin.com.
ABOUT KUCOIN LABS
Since its start in May 2018, the KuCoin funding and incubation program has brought together a group of crypto specialists for in-depth market analysis, evaluation, investment, and company incubation in the cryptocurrency industry. KuCoin Labs has diversified its investments in early-stage projects to help project owners achieve sustainable growth and success in the decentralized world.
PlayZap is a community-driven Play-to-Earn gaming platform where players may compete on proven and highly engaging skill-based aggressive games and win native crypto tokens.
PlayZap is a 360-degree gamified Defi NFT environment that aims to bridge the gap between blockchain gaming and the general market, while simultaneously uniting gamers with their favorite titles. PlayZap delivers a comprehensive suite of products with its own market, metaverse, pockets, and infrastructure support, bringing the P2E environment closer to the standards attained by established IPs.
PlayZap’s vision is to bring skill-based competitive gaming to mainstream players by providing a secure environment, digital ownership, and a fun gaming experience.