Ancient8 Raises $6M to Build Software Infrastructure for GameFi

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Ancient8 Blog2024/07/17 07:31

By:Ancient8

We at Ancient8 are excited to announce the completion of a US$6 million private round of financing led by Makers Fund, with participation from existing and new investors Pantera Capital, 6th Man Ventures, IOSG Ventures, Folius Ventures, Morningstar Ventures, Sky9 Capital, Th3ia Capital, Play Ventures, Mirana Ventures (Venture Partner of Bybit and BitDAO), Sanctor Capital, DWeb3, IBA, Richard Ma, K300 Ventures, GFS Ventures, HC Ventures, Playgrnd Ventures, Cozomo de’ Medici, Astrapto Capital among others. This round of financing brings Ancient8’s total capital raised to US$10M.

Ancient8 is building the infrastructure for GameFi with a focus on software and community. We help GameFi studios reach passionate gamers and run web3-native targeted advertising through our GameFi Identity product and Launchpads. Gamers and crypto communities will soon be able to create GameFi identity profiles to track and showcase their achievements in Web3, discover high quality blockchain games, and access guild scholarships and blockchain education more effectively.

On our mission to reach, educate, and empower the first native generation of Metaverse citizens, we have already built an active community of 200K+ members, providing GameFi education through the Ancient8 Blog, Twitter, Discord, and Ancient8 Research Portal—the first institutional-grade research portal for GameFi. Ancient8 manages the largest blockchain gaming guild in Vietnam with 3,500+ scholars using our own guild management software, and have partnered with 25+ top-tier GameFi projects to date including Axie Infinity, CyBall, Phantom Galaxies, Bigtime, Tatsumeeko, Delysium, Blast Royale, Apeiron, Angelic and many more.

“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. “As cultivators of the first native generation of Metaverse citizens, we are excited to be building the foundational infrastructure that will drive mainstream GameFi adoption.”

Ancient8 Raises $6M to Build Software Infrastructure for GameFi image 0

With this round of financing, our team will accelerate the development of the infrastructure for GameFi and the Metaverse by building our next-generation software products, community, and guild. We are developing a number of software products designed to underpin the future of blockchain-based game development. In the coming months, we will launch our GameFi Identity product and a pair of GameFi Token and NFT Launchpads designed to enhance the go-to-market strategy of Web3 games. These products will help us connect top blockchain games with our deeply engaged global community of GameFi enthusiasts and enable users to enjoy the most intuitive experience possible in the world of Web3.

Lia Zhang, Investor at Makers Fund said, “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.”

Follow us on Twitter and join our Discord to stay updated with the latest news as we continue to build the Metaverse, together.

About Ancient8

Ancient8 is a Web3 gaming infrastructure protocol. Ancient8 builds Web3 Gaming Loyalty Platform Space3, Dojo Launchpad, research content platform, and Vietnam’s largest guild to help Metaverse projects onboard millions of users to Web3. We’ve developed products to help 100+ web3 games and 200K+ users better navigate Web3.

Ancient8 has raised $10M in total financing from leading investors including Pantera, Dragonfly, Hashed, Makers Fund, Mechanism, Coinbase, IOSG, Animoca, among others.

Join us in our journey to build the Metaverse!

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.

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