Sunday, June 23, 2024

A 40,000-strong gamers guild has raised $6 million to make P2E gaming more accessible.

At a time when the Metaverse is shooting to fame, Play It Forward DAO has succeeded in bagging a whopping sum of 6 million USD in its latest funding round. Private investors that have contributed to the funding include Signum Capital, Arcane Group and Kyber Ventures.

What’s noteworthy is that PIF DAO has bagged the $6 million funding just 6 months after coming into existence. The newly launched gaming guild is made up of more than 40000 members hailing from the Philippines and Indonesia. As of now, DAO has participants across Metaverse games like Dragonry and Axie Infinity.

The gamers guild will use the funding to create an ecosystem that will foster rapid long-term growth in the P2E domain. The guild’s co-founder has also stated that the investment will go towards scaling different scholarship programs led by DAO.

Future Plans Of PIF DAO

With such huge funding at its disposal, PIF DAO aims to make the P2E gaming experience more rewarding for players. The gaming DAO is working towards building an efficient guild management platform that will make it possible for managers to scale operations faster.

Possessing the requisite business acumen, the founders of the large-scale guild are all set to collaborate with leading game studios in the coming time. Needless to say, the Play-to-earn (P2E) phenomenon will take the gaming world by storm, flooding the Metaverse with hundreds and thousands of new users. In the coming days, we will be seeing more such initiatives cropping up.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
RELATED ARTICLES

Most Popular