Zone, the first gamefi ecosystem on the Algorand blockchain that combines on-chain gaming challenges, yield farming and NFTs to create a free-to-play and play-to-earn ecosystem, recently raised $2.35M in another private funding round with its upcoming public IDO scheduled for 15th January.
Zone raised its $2.35 million from investors such as DAO Maker, GSR, Altonomy, Enjinstarter, SuperLauncher DAO, MH Ventures, ZBS Capital, Tag Ventures, K300 Ventures and others, bringing the total amount raised by Zone till date to $4.35 million.
The investment announcement came shortly after Zone announced its Public IDO launch on Equinox.
“We see Zone as proof that Algorand is the future of gamefi. The market now has a gamefi ecosystem that supports everything from Web2/Web3 games, gaming guilds, upgradable NFTs to fantasy sports, all without very high gas fees that discourage user adoption,” said Zone founder Adi K Mishra. “Institutional investors can see where the market is shifting, and this proves that.”