Quick take:
- The new funds were raised in a private round co-led by Makers Fund and C² Ventures.
- Ancient8 helps GameFi studios identify high-quality gamers and run Web3-native targeted advertising.
- Funds will be used to accelerate the development of GameFi infrastructure.
GameFi infrastructure developer, Ancient8, has raised $6 million in a private funding round co-led by Makers Fund and C² Ventures. Existing and new investors Pantera Capital, 6th Man Ventures, IOSG Ventures, Folius Ventures, Morningstar Ventures, Th3ia Capital, Sky9 Capital, and Play Ventures, among others, also participated in the round.
Founded in July 2021, Ancient8 is building infrastructure for GameFi, with a focus on community and software. The startup helps GameFi studios identify high-quality gamers and run Web3-native targeted advertising through the Ancient8 GameFi Identity product and Ancient8 Launchpads.
The new funds will be used to accelerate the development of GameFi infrastructure. In the coming months, Ancient8 will be launching a GameFi Identity product and a pair of GameFi Token and NFT Launchpads designed to enhance the go-to-market strategy of Web3 games.
“As long-term gaming investors, we’re excited about ideas and teams that help shape the future of interactive entertainment for years to come. We’ve already begun to see stronger games teams build in web3, and believe that the community and software infrastructure that Ancient8 builds will continue to play an instrumental role in the development of lasting games,” said Lia Zhang, Investor at Makers Fund.
For gamers and crypto communities, Ancient8 helps them create their GameFi identity profile, track and showcase their achievements in Web3, discover high-quality blockchain games, access guild scholarships, and learn about blockchain more effectively.
To educate blockchain gamers, Ancient8 has built an active community of more than 200,000 members, providing GameFi education through its social media channels and Ancient8 Research Portal—an institutional-grade research portal for GameFi.
“As we strive towards our vision to democratize social and financial access in the Metaverse, Ancient8 is building infrastructure for GameFi and the Metaverse to empower community members through the blockchain. We will continue to expand our product offerings, partner with more innovative projects and games, and grow our influence and reach with a large global community,” said Howard Xu, Co-founder of Ancient8.
Besides building GameFi infrastructure, the startup also manages Vietnam’s largest blockchain gaming guild with over 3,500 scholars using Ancient8’s guild management software. It has also partnered with over 25 top GameFi projects to date, including Axie Infinity, CyBall, Phantom Galaxies, Bigtime, Tatsumeeko, Delysium, Blast Royale, Apeiron, Angelic and many more.
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