MonkeyBall Beefs List of Backers with Alameda Research, YGG and DRIVE-by-Draftkings’ VC

Solana-powered blockchain gaming platform MonkeyBall said on Monday it received investments from Alameda Research, YGG, and DRIVE, Draftkings’ venture capital.
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Quick Take:

  • Solana-powered play-and-earn game MonkeyBall has beefed up its list of Backers.
  • The company said on Monday it received undisclosed investments from Alameda, Research, YGG, and Drive-by-Draft Kings’ venture capital.
  • The gaming platform will look to capitalize on the strategic advantages of teaming up with its hand-picked backers.

On Monday, Dec. 6, 2021, blockchain gaming platform MonkeyBall expressed its excitement after receiving backing from three major investors. The play-and-earn game wants to create the next eSports metaverse, and forming a strategic partnership with some of the most popular investors in gaming technology could serve a great purpose.

The company said, “it’s humbled that their partners wanted to join the MonkeyBall journey and are fortunate enough to be able to hand-pick backers with a solid reputation and considerable value-add.”

MonkeyBall is in the process of beefing up its list of backers. Its latest addition includes Alameda, Research, YGG, and Drive-by-Draft Kings’ venture capital.

This is DRIVE by gaming company Draftkings, is a venture capital firm that targets sports technology and entertainment. This is their first token round, in the blockchain space, coming shortly after its October launch of a $60 million fund to invest in sports technology.

Another investor in MonkeyBall, Rainfall Ventures will bring experience as a value add on, while the world’s largest guild YGG will help build the community that MonkeyBall needs to dominate the metaverse. 

The platform has also received investment from exchange, one of the largest cryptocurrency exchange platforms, thus lifting its profile in the market.

MonkeyBall management expressed its pleasure of being selected to offer the first DRIVE by Draftkings token.

DRIVE has also invested in notable blockchain projects including Cardless, Papaya Gaming, Whoop, and Evaluate. The venture capital firm wants to support MonkeyBall in becoming the next-gen esports Metaverse.

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