Multi-engine Web3 gaming platform PlaysOut completes $7 million seed round led by Kenetic Capital

Odaily News PlaysOut, a multi-engine Web3 gaming platform, announced the completion of a $700 million seed round of financing, led by Kenetic Capital, KBW Ventures, and others, with participation from Gam3Girl Ventures, Oak Grove Ventures, Aptos, Yugana Labs, Sentor Investments, Longling Capital, and others, with a valuation of $70 million. The new funds are intended to be used to promote its efforts to bridge the gap between Web2 and Web3, enabling developers to unlock monetization models by building assets on the chain and exploring token-based incentives, NFT integration, and blockchain-driven economies.