The enterprise agency Pantera Capital was the only investor in an $8 million Collection A funding spherical for the web3 gaming agency InfiniGods.
“We’re excited to double down on our perception within the InfiniGods workforce and the way forward for web3 in cell gaming to steer their Collection A spherical, as they remodel web3 cell gaming right into a extra inclusive and accessible know-how platform,” Pantera mentioned in a Thursday release, including on social media, “Their workforce has pioneered options that streamline the mixing of blockchain know-how into cell gaming, overcoming UX challenges related to on-chain actions.”
InfiniGods launched InfiniMerge, its first recreation out of beta, in January 2023. It is an ancient-Greece-themed merge recreation, which advances gameplay by requiring gamers mix comparable gadgets or upgrades of these gadgets. InfiniGods develops different video games such because the cell recreation King of Future and the tower protection recreation Immortal Siege.
“This capital injection permits us to double down on our imaginative and prescient to steer the way forward for cell gaming, and offers us with the assets to scale our blockchain infrastructure to a a lot bigger international viewers,” InfiniGods wrote on social media web site X.
Pantera had beforehand led InfiniGods’ $9 million seed spherical in Could 2022, with further assist from Framework Ventures, Jefferson Capital, Animoca Manufacturers and Double Peak.
Pantera’s funding in InfiniGods follows Pantera asserting that it seeks to lift $1 billion for a brand new crypto enterprise fund, The Block beforehand reported. The Pantera Fund V invests in startup fairness, early-stage tokens, liquid tokens and different belongings.
Disclaimer: The Block is an impartial media outlet that delivers information, analysis, and information. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies within the crypto area. Crypto alternate Bitget is an anchor LP for Foresight Ventures. The Block continues to function independently to ship goal, impactful, and well timed details about the crypto business. Listed below are our present monetary disclosures.
© 2023 The Block. All Rights Reserved. This text is supplied for informational functions solely. It isn’t provided or supposed for use as authorized, tax, funding, monetary, or different recommendation.
About Writer
MK Manoylov has been a reporter for The Block since 2020 — becoming a member of simply earlier than bitcoin surpassed $20,000 for the primary time. Since then, MK has written almost 1,000 articles for the publication, overlaying any and all crypto information however with a penchant towards NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem tales. MK holds a graduate diploma from New York College’s Science, Well being and Environmental Reporting Program (SHERP) and has additionally lined well being subjects for WebMD and Insider. You’ll be able to comply with MK on X @MManoylov and on LinkedIn.