Blockchain Game Studio Unagi Raises US $5M in Seed Round Financing

02/17/2023 07:09 • AI Insights • 96 views

It is reported that Unagi, the Web3 game studio, completed a seed round financing of US $5 million, Sisu Game Ventures led the investment, and companies such as Sfermion, Signum Capital and 2B Ventures participated in the investment. The financing ended at the beginning of this year, only a few months after the start-up company obtained $4.2 million from Binance Labs. The total amount raised by Unagi was US $12.3 million. The company said that the new financing doubled the valuation of the start-up company, but did not disclose it.

Web3 game studio Unagi completed $5 million seed round financing

Analysis based on this information:

Unagi, a blockchain-based game studio, has completed seed round financing worth US $5 million. The investment was led by Sisu Game Ventures, with contributions from Sfermion, Signum Capital and 2B Ventures. This funding comes just a few months after the company received $4.2 million from Binance Labs.

The total amount raised by Unagi now stands at US $12.3 million, and the company reports that the new funds have doubled their valuation. However, no specifics were given about the exact amount of the valuation.

This significant investment reflects the growing interest in blockchain gaming as a new frontier for the gaming industry. The potential for blockchain technology to revolutionize the gaming world through more transparent and decentralized systems has been a cause for excitement.

Unagi‘s projects revolve around creating a new kind of gaming experience, one that leverages blockchain technology to enable true ownership and value exchange. The company‘s flagship product, Dragonary, is built using the revolutionary microeconomy technology. This allows players to earn income from gaming while promoting the development of the community around the game itself.

The success of Unagi’s funding rounds reflects not only a growing interest in blockchain gaming, but also a recognition of the company’s innovative approach to gaming that leverages cutting-edge blockchain technology. The intersection of gaming and blockchain technology creates exciting opportunities for both industries, and Unagi appears to be at the forefront of this trend.

Overall, Unagi’s seed round funding highlights the growing recognition of the potential of blockchain-based gaming to transform the gaming industry, and it positions the company well to capitalize on this emerging trend in the coming years.

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Blockchain Game Studio Unagi Raises US $5M in Seed Round Financing

Web3 game studio Unagi completed $5 million seed round financing

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