Crypto gaming project MyPriz completes $13 million in financing, led by Dragonfly and Boxcars
MyPrize, a cryptocurrency gaming project, has completed a $13 million funding round with a valuation of $140 million, led by Dragonfly and Boxcars Ventures, with participation from Mechanism Capital, Arrington Capital, and a16z. This is the company's second funding round, following a $5 million seed round in October, and an $8 million Series A round completed in recent weeks. MyPrize is a centralized company, but some of the funds raised will be used to develop a native token and build the GambleFi ecosystem, which is expected to launch in the fourth quarter. MyPrize founder and CEO Zach Bruch has been involved in the cryptocurrency industry since 2010, and previously held leadership positions in the trading departments of Kraken, Cumberland/DRW, and JST Capital.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC and Ripple Hit Pause on Appeals, Signaling Potential XRP Settlement
In a major development in the long-standing legal battle over XRP, the U.S. Securities and Exchange Commission (SEC) and blockchain firm Ripple Labs have agreed to pause their respective appeals, paving the way for what many believe could be a final settlement.
Shibarium Devs Connect with Core Team via New Channel
Bitcoin Clings to $74K: Analyzing BTC’s Ability to Ward Off Further Decline
Stability at $74K: How 50,000 BTC Holders are Supporting Bitcoin's Resistance Against Further Dips
Donald Trump’s Memecoin to Face $320 Million Token Unlock as Price Dips
Trending news
MoreCrypto prices
More
