Shark Metaverse Gaming Platform, StarSharks Raises $4.6 Million from Dozens of Backers

Shark metaverse gaming platform StarSharks has completed a $4.6 million private funding round that saw dozens of backers participate.
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Quick Take:

  • Shark Metaverse gaming platform, StarSharks has secured $4.6 million in a private round.
  • The Binance-backed community-driven blockchain game received backing from dozens of investors.
  • The funds will go towards the development of new games and nurturing the community.

Shark metaverse binance-backed gaming platform StarSharks, announced on Friday the completion of private funding round, raising $4.6 million from dozens of investors. The company said the funds will go towards building new games and nurturing the community.

The funding round saw participants from leading crypto incubator funds and venture capital firms including:

“3 Commas Capital, AC Capital, Banter Crypto, Bas1s. Ventures, Basics Capital, Bigcoin Capital, Binance Labs, DAO Maker, Everest Ventures Group, Everse Capital, Exnetwork Capital, Forward Analytics, Fundamental Labs, Labs, Geekcarptel, Genblock Capital, Hyperedge Capital, ICO Drops, Jsquare, Kirin Fund, Krypital Group, KuCoin Labs, LD Capital, MarketAcross, Momentum 6, Muhabbit, NGC Ventures, Redline Dao, Skyman Ventures, SL2 Capital, Titans Venture, UniX, Vendetta Capital, Winkrypto, YBB Foundation, Infinity Ventures Crypto, and YGG SEA.”

The private round follows Binance Labs, the venture capital arm and incubator of Binance’s initial strategic investment in StarSharks. The StarSharks platform is built on the Binance Smart Chain. 

Commenting on the successful funding round, StarSharks CEO Franky said “StarSharks is dedicated to developing a state-of-art blockchain game platform, with the goal of sharing and maximizing the value of creativity through co-creation. We are grateful to be supported by over 30 prestigious institutional investors and communities who believe in StarSharks’ vision, and we look forward to building the game platform of the next generation together.”

The platform was founded by former star performers from Timi Studio, Google, and Binance, and is committed to giving the community the power, allowing them to create, share and build together.

StarSharks plans to bring a different approach to the current GameFi landscape, allowing players, developers, and investors can own, mate, and trade the shark NFTs within the ecosystem, rather than isolating assets in one game. As a result, the community will be able to move NFTs from one game to another within the Shark metaverse.

The platform has also added a leasing feature, allowing users that cannot afford NFTs to rent from other players. The “rent to play” feature fully activates the liquidity and utilization of NFT assets, thereby bridging “the gap between NFT holders who don’t have time to play and active players who don’t have enough initial capital to purchase entry NFTs.”

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