According to Odaily’s incomplete statistics, a total of 43 blockchain financing incidents at home and abroad were announced during the week of January 10-January 16, a significant increase from last week; Checkout.com, Pluang, Seashell) not mentioned, has disclosed a total financing of about 723 million US dollars, a decrease from last week's data.
In addition to the Checkout.com mentioned above, there are 4 projects with a financing amount of more than 100 million US dollars last week, namely the star public chain NEAR Protocol (150 million US dollars),
The following are the specific financing events (Note: 1. Sorting according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. * is a "traditional" company whose business involves blockchain):
The following are the specific financing events (Note: 1. Sorting according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. * is a "traditional" company whose business involves blockchain):
*Checkout.com Completes $1 Billion Series D Financing, Will Strengthen Expansion in Web3 Field
Checkout.com, a global payment processor, announced the completion of Series D financing of US$1 billion, with a valuation of US$40 billion, and the current total financing amount has reached US$1.8 billion. Lead investors include Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, Qatar Investment Authority, Tiger Global, the Oxford Endowment and another large West Coast mutual fund.
The company said the new funding will be used in three key areas: growth in the U.S. market, launch of market solutions, and strengthening leadership in the Web3 space. Checkout.com provides an online platform that simplifies payment processing for online merchants worldwide. Clients include traditional large corporations such as Netflix, Pizza Hut, and Sony, as well as crypto companies Coinbase, Crypto.com, FTX, and MoonPay, and its modular products and platforms are used by fan token providers such as Socios.com and Meta’s Novi Wallet. Additionally, the company is privately testing an innovative solution to settle transactions for merchants using digital currencies.
According to official news, NEAR Protocol recently successfully completed the latest round of financing of 150 million US dollars, led by Three Arrows Capital, Mechanism Capital, Dragonfly Capital, a16z, Jump, Alameda, Zee Prime, Folius, Amber Group, 6th ManVentures, Circle Ventures, MetaWeb.vc (NEAR Ecological Fund), hedge fund giant Alan Howard, former ParaFi Capital partner Santiago Santos, and Aave founder Stani Kulechov participated in the investment.
It is reported that NEAR will use this fund in the future to help billions of users learn and understand blockchain and decentralized technology, and accelerate the fulfillment of its mission. Before this round of financing, NEAR has received a total of US$65.9 million in financing, with participation from DCG, Pantera Capital, Electric Capital, Coinbase Ventures, Blockchain.com, Baidu Ventures, etc.
Swiss digital bank SEBA closes $118.6 million funding round led by Alameda Research
On January 12, Swiss digital bank SEBA announced a financing of 110 million Swiss francs (118.6 million U.S. dollars). Lead the vote. The platform plans to use the funds to expand the Middle East market and increase the number of employees in the Middle East market. In addition, it will further invest in its products and technology to promote institutional business growth.
SEBA had previously raised a total of $126.5 million, according to reports. Launched in 2018, SEBA started as a crypto banking service and later expanded to provide crypto trading and custody services for institutional investors. (coindesk)
Encrypted asset software company Lukka announced the completion of a $110 million Series E financing at a valuation of over $1.3 billion, led by hedge fund Marshall Wace, Miami International Holdings, Summer Capital, SiriusPoint Ltd., Soros Fund Management, Liberty City Ventures, S&P Global and CPA.com etc. participated in the vote.
At present, Lukka's total financing amount has reached 210 million US dollars. Lukka’s software compiles data on more than 14,000 crypto spot assets, 70,000 crypto derivatives, 300 exchanges and roughly 30 decentralized exchanges. Lukka serves both traditional financial firms and cryptocurrency firms, including Arca, Circle, CPA.com, eToro, IHS Markit, S&P Dow Jones Indices, and State Street. (Block Works)
On January 12, Zero Hash, an encryption service start-up company, announced the completion of a $105 million D round of financing. Steve Cohen’s investment company Point72 and others participated in this round of financing, but the company did not disclose the valuation. Zero Hash mainly provides encryption technology to third-party retail brokers and financial technology companies. Its customers include technology banks such as MoneyLion and Wirex, payment processing companies such as Moonpay, Ramp, Transak, and retail brokers such as Tastyworks, TradeZero, and TradeStation. (The Block)
*Indonesian investment app Pluang announces US$55 million funding led by Accel
On January 12, Pluang, an Indonesian investment app, announced the completion of US$55 million in financing, led by Accel, with participation from Monzo COO Sujata Bhatia, Axie Infinity founders Aleksander Leonard Larsen and Jeffrey Zirlin. Pluang will use the funding to delve into cryptocurrencies and add features such as wallets, staking and NFT support to its product portfolio.
It is reported that Pluang was founded by two founders, Claudia Kolonas and Richard Chual, after meeting at Harvard. It initially provided gold as a trading asset, and later expanded to indexes, mutual funds and cryptocurrencies. (The Block)
Web3 entrepreneurial accelerator DeFi Alliance announced the establishment of the decentralized autonomous organization Alliance DAO and completed $50 million in financing. Twitch co-founder Kevin Lin, Gemini co-founder and president/CEO Cameron and Tyler Winklevoss, Terra founder Do Kwon, Devin Finzer, co-founder and CEO of OpenSea, Stani Kulechov, founder of Aave, Jeremy Allaire, co-founder and CEO of Circle, and Zac Prince, founder of BlockFi, participated in the investment.
So far, DeFi Alliance has helped more than 90 crypto startups and DeFi projects, such as 0x, Alpha Finance, dYdX, Kyber, Olympus DAO, Paraswap, Ribbon Finance, Sushiswap, Synthetix and Zerion, etc. (Block Works)
The privacy computing network Oasis announced that it has received $40 million from Binance Labs to support the development of Oasis ecological DeFi, data DAO, NFT, Metaverse and other fields, and promote the further prosperity of the Oasis ecosystem. Previously, with the support of AME Cloud Ventures, Dragonfly Capital Partners, FBG, Pantera Capital and other ecological partners, Oasis established an ecosystem development fund of US$160 million. After Binance Labs joined, the total amount of the fund reached US$200 million.
In addition, since its launch, the Oasis ecosystem has continued to prosper. Not only has Emerald, an EVM-compatible ParaTime smart contract execution environment, been launched, but the first Dex YuzuSwap in the ecosystem will also be officially launched this week.
Alternative professional sports league Fan Controlled Football (FCF) completed $40 million in Series A financing, led by Animoca Brands and Delphi Digital, Gemini Frontier Fund, 6th Man Ventures, Jump Crypto, Red Beard Ventures, Spartan Capital, NGC Ventures, The Sandbox jointly Founder Sebastian Borget and others participated in the investment.
The new funds will be used to expand the size of the league from four teams to eight teams, and the new teams will be owned by Knights of Degen, Team 8OKI, NFT token project Bored Ape Yacht Club and Gutter Cat Gang. Fans will have the opportunity to purchase FCF-branded NFT tokens, which will allow them to draft teams, call games and make other decisions, and fans will also be able to hold shares in the team for as little as $150 through the Republic investment platform.
As of now, the league’s “earn as you play” mechanism comes from performance-based rewards given to each team’s token holders, but the FCF says an “Axie Infinity-style token economics model” is already planned, Working with Animoca Brands and Delphi Digital. (CoinDesk)
DeFi API startup Conduit completes $17 million in financing led by Portage Ventures
Conduit, a DeFi API start-up company, completed a financing of US$17 million, led by Portage Ventures, and participated by FinVC, Gemini Frontier Fund and former a16z partner Rex Salisbury.
Conduit plans to use the funding to further build out its API and expand into Latin America and the US. (The Block)
Proof of Learn (POL), a Learn to Earn platform, announced the completion of $15 million in financing, led by New Enterprise Associates, with participation from Animoca Brands, GoldenTree Asset Management, gumi Cryptos Capital, and Infinity Ventures Crypto. Funds from this round of financing will be used for project promotion . (CoinDesk)
On January 12, encryption infrastructure startup Web3Auth announced the completion of a $13 million Series A round of financing. Led by Sequoia Capital India, Union Square Ventures, Multicoin Capital, FTX, Bitcoin.com, DARMA Capital, Chainstry, Hashed, KOSMOS Capital, Kyros Ventures, LD Capital, Minted Labs, P2P Capital, Phoenix VC, Staking Facilities, YBB Capital, Moonwhale Ventures and Decentralab participated. Funds will be used to simplify crypto onboarding and identity verification.
It is reported that Web3Auth is a non-custodial key infrastructure solution for Web3 applications and wallets. It promotes the large-scale application of Web3 through simple, secure and non-custodial application and wallet authentication infrastructure. It is currently listed on Binance More than 1 million monthly users and 8 million keys are protected on wallets and applications such as Extension Wallet, Ubisoft, Kukai, Skyweaver, etc. (TechCrunch)
ChromaWay Closes $10M Funding Led by True Global Ventures
News ChromaWay has completed a financing of US$10 million, led by True Global Ventures 4 Plus (TGV4 Plus) Fund of US$5 million.
According to reports, ChromaWay is the creator of relational blockchains, combining the power and flexibility of mature relational database systems with the secure collaboration and disruptive potential of blockchains, making it easy to develop user-friendly decentralized blockchains for almost any industry application, including DeFi, games, music, land management, etc. (AMBCrypto)
On January 11, Lootex, a GameFi NFT platform, announced that it has completed a $9 million seed round of financing co-led by Spartan Capital, Infinity Ventures Crypto, LD Capital, and gaming and entertainment company Akatsuki. The funding will help Lootex further develop its trading platform, which currently hosts more than 12,000 NFTs in 500 collections. (coindesk)
I WORLD GAME Completes $6.8 Million Financing Led by WeMade Tree and Sun Hung Kai
On January 16, according to official news, the P2E chain game I WORLD GAME completed a seed round of financing of US$6.8 million, led by WeMade Tree and Sun Hung Kai, and participated by AnimocaBrands, polygon, x21 Digital and other angel investors. The funds raised in this round will be mainly used for marketing, new product development and product upgrades, etc., which will further promote the development of games and Web3 application suites.
According to reports, the core development team of I WORLD comes from Line Games game studio. The team is developing a battle strategy chain game. The game mainly includes four stages: NFT character development, growth battle, territory capture, and metaverse country construction.
NFT Market Aggregator Flip Completes $6.5M Funding Led by Distributed Global and Chapter One
NFT market aggregator Flip completed a $6.5 million seed round of financing, led by Distributed Global and Chapter One, with investors including CMS Holdings, NFT artist PplPleasr (aka Emily Yang), Keyboard Monkey, DeeZe, and Larry Cermak, vice president of research at The Block. cast.
Flip was co-founded by UpOnly podcast host Brian Krogsgard (aka Ledger Status) and others. Krogsgard said this is an equity round that will help Flip expand its existing seven-person team and launch its platform.
Flip will list NFT collectibles, reserve prices, transaction volume, and other data and information for each market. The platform will also allow users to view and track NFT portfolios in one place, and will be able to bundle their multiple NFT wallets together to track individual portfolios. The platform will open to the public at the end of this month or early February. (The Block)
*Investing app Seashell closes $6 million seed round led by Khosla Ventures and Kindred Ventures
Investment App Seashell Completes $6M Seed Round, Co-Leaded by Khosla Ventures and Kindred Ventures, Founded by Coinbase Ventures, Solana Ventures, Blizzard Fund, Mark Cuban, Robinhood CEO Vlad Tenev, Former CFTC Chairman Christopher Giancarlo, Elad Gil, Terraform Labs People Do Kwon, Polygon co-founder Sandeep Nailwal and others participated in the investment. (The Block)
Friktion Labs, the development team behind Friktion, an option protocol on the Solana chain, announced the completion of $5.5 million in financing, Jump Capital, DeFiance Capital, Pillar, Libertus Capital, Delphi Ventures, Sino Global Capital, Tribe Capital, Castle Island Ventures, Dialetic, Petrock Capital, Solana Capital Wait to vote. (BlcokWorks)
Decentralized Disable Switch App Sarcophagus Raises $5.47M via DAO Token Sale to VCs, Greenfield One, LD Capital, Placeholder, Inflection, Lattice, Infinite, Hinge Capital, Blockchange, Coral DeFi Investments, Blockchain.com Ventures, Lo Enterprises , Compound VC, Arweave and several angel investors participated in the investment.
In its announcement, Sarcophagus said, “Investors were asked to work directly with The DAO and voted on their respective investor agreements and token release schedules. The best part is that these are all recorded on-chain forever.” available to the public."
In November and December last year, Sarcophagus completed financing of US$1.8 million and US$3.67 million. It is reported that Sarcophagus is a decentralized disable switch application based on Ethereum and Arweave. Users can upload files in Sarcophagus and specify the recipient of the private key. If the user fails to perform an action in the future or the set time expires, the recipient will receive the private key to open the user's files stored in Arweave. Usage scenarios include wills and trusts, password recovery, credential storage, etc. (Decrypt)
Recently, Anchain, a public enterprise incubated by Zhongan Online, announced that it has won tens of millions of yuan in Series A financing, becoming the first supply chain financial company to win financing in 2022. This round of financing was led by Qulian Technology, Kelly Yifang, old shareholders Ivy Capital, Fenbushi Capital, and Yiren Capital served as the exclusive financial advisor.
According to Yang Sheng, the founder and CEO of Zhongqi Anlian, Zhongqi Anlian will mainly focus on using blockchain technology to help core enterprises solve risk identification and data security issues in the future, and at the same time help financial institutions or banks design and implement corresponding solutions. Financial products, serving the entire supply chain. (China Times)
DeFi governance platform Bribe completes $4 million in financing led by Spartan Group
DeFi governance platform Bribe completed a $4 million seed round of financing, led by Spartan Group, with participation from Dragonfly, Hypersphere, Fundamental Labs, IOSG, Fenbushi Capital, Rarestone Capital, GravityX, Shima Capital, and Figment.
The Bribe protocol aims to revolutionize decentralized governance by incentivizing protocol participation, depositors deposit their governance tokens into the Bribe pool to earn income, and bidders borrow voting power to support or reject governance proposals. Bribe will be integrated with Aave for the first time in January 2022. Due to the particularity of Aave DAO, Aave's Bribe pool is in the form of an Ethereum pledge contract and is currently being audited by Trai lof Bits and Stela Labs. Bribe will later expand to Tokemak, a market maker protocol, and launch the Tokemak Bribe pool. (CoinDesk)
Decentralized insurance protocol Neptune Mutual raises $3 million led by Animoca Brands
Neptune Mutual, a decentralized insurance agreement, recently announced the completion of a US$3 million strategic round of financing, led by Animoca Brands, with participation from Pacific Century Group, Genesis Block Ventures, Fundamental Labs, GSR, and Cambium Grove Capital.
According to reports, Neptune Mutual aims to provide P2P risk management insurance products for centralized virtual asset service providers, decentralized financial protocols and metaverses based on parametric insurance models. (CryptoSlate)
On January 12, Vybe Network, a data infrastructure solution, announced the completion of a US$2.5 million seed round of financing. This round of financing was co-led by Lemniscap, Alameda Research and Sino Global Capital, and Inscribed, SVC, Zokyo, Switchboard, etc. participated in the investment. Investors include Chris McCann and others.
According to official news, the P2E game Tank Wars Zone announced that it has completed a US$2.37 million seed round and private equity financing. Fantom Foundation, DFG, Jsquare, Newave Capital, HyperChain Capital, Prometeus Labs, ZBS Capital, LD Capital, etc. participated in the investment.
Tank Wars Zone will launch WBOND and TGOLD tokens. Among them, WBOND is a governance token with a total supply of 1,000,000,000, which is used for voting, pledge and trading NFT. TGOLD is an in-game currency used for NFT trading, repairing and upgrading tanks.
News Zone, the GameFi ecosystem based on the Algorand blockchain, has completed $2.35 million in financing, with participation from DAO Maker, GSR, Altonomy, Enjinstarter, SuperLauncher DAO, MH Ventures, ZBS Capital, Tag Ventures, and K300 Ventures.
So far, Zone has raised a total of $4.35 million in funding. Zone will conduct an IDO on January 15th. Zone has hired Sebastien Borget, co-founder and COO of The Sandbox, and John Linden, CEO of Mythical Games, as advisors. (The National)
Kingdom Karnage, a cross-platform virtual trading card chain game, has completed US$2 million in financing, with participation from Animoca Brands, DFG and Enjin.
Its development team, Kepithor Studio, has announced some new GameFi mechanics aimed at accelerating the game's rollout and boosting its player base.
According to reports, Kingdom Karnage is a P2E trading card game, where users can truly own their own assets, and have the possibility to trade or use them in the game. The game has been in beta for more than two years and joined Enjin’s ecosystem in November 2018, receiving a grant from Enjin’s $100 million Efininity Metaverse Fund. (egamers.io)
Allbridge Closes $2M Funding Led by Race Capital
A few days ago, Allbridge, a digital asset cross-chain transfer bridge, announced the completion of a $2 million financing led by Race Capital. Allbridge co-founder Andriy Velykyy said the company would invest in expanding its platform, increasing headcount and conducting security audits. (cryptoslate)
Entropy Completes $1.95M Pre-Seed Funding Round, Led by Dragonfly Capital
According to official news, Entropy, a decentralized asset custody protocol, announced the completion of a $1.95 million Pre-Seed round of financing, led by Dragonfly Capital, with participation from The LAO, P2P Capital and several angel investors. The new funding will be used to finalize its protocol specification and build out the product team.
It is reported that Entropy's mission is to build the first truly trustless decentralized asset custody protocol, by providing a community-led and owned decentralized network, using advanced threshold cryptography and multi-party computation (MPC), enabling users to Ability to securely store and spend their cryptocurrencies on any blockchain.
TooNFT, a blockchain-based online comic platform, has completed $1.75 million in financing, with participation from HG Ventures, GBIC, Alphabit, Adaptive Labs, Mindfulness Capital, and Prestige Fund.
TooNFT is launched based on Toomics, a South Korean webtoon platform. Toomics has accumulated 50 million net users (7 million MAU) since its launch in 2015, and has received more than $15 million in financing from traditional venture capital institutions.
TooNFT aims to introduce millions of webtoon lovers around the world into the decentralized network. With the help of the TooNFT platform, retail investors can participate in investment activities in webtoon production. The TooNFT project will also introduce staking, governance, P2P investment opportunities, etc. for users. (U. Today)
Edge Protocol announced the completion of a $1.75 million seed round, led by Hashed
According to official news, Edge Protocol announced the completion of a $1.75 million seed round of financing, led by Hashed, Alliance, Qi Capital, Folius Ventures (MapleLeafCap), Do Kwon from Terraform Labs, Jason Choi from Spartan Capital, Santiago R. Santos, Darryl Wang ( 0xWangarian), Ashwin Ramachandran from Dragonfly Capital, Matt Cantieri from Anchor Protocol, Sawit Trisirisatayawong from Nebula Protocol, Woojin Lim from Pylon Protocol, Standford Liu from Terraform Labs, Nipun Pitimanaaree from Alpha Finance Lab, etc.
This round of financing is used to build the next-generation money market, that is, money market as a service in the Terra ecosystem.
On January 11, Itheum, a decentralized multi-chain data brokerage platform, announced that it had received a $1.5 million investment from Morningstar Ventures. It is reported that Itheum was launched by Morningstar Ventures in October 2021 and is a pioneer project of the Elrond Dubai incubator. The investment aims to bring more projects and developers to the Elrond ecosystem.
It is reported that Itheum aims to transform personal data into tradable assets, empowering users by helping them regain control over their data in the age of Web3 and the Metaverse.
GCR DAO Completes USD 1.2 Million in Financing, IDEO CoLab Ventures, 1kx and Others Participate
The decentralized community GCR DAO announced the completion of $1.2 million in financing. IDEO CoLab Ventures, 1kx, Valhalla Capital, HanDAO and GBIC participated in the investment. Other investors include Axie Infinity co-founder Jeff Zirlin, YGG co-founders Gabby Dizon and Beryl Li, Polygon CEO Jaynti Kanani, Flamingo DAO’s Adam Kornfield, Coinvise CEO Jenil Thakker, CoinGecko co-founder Bobby Ong and Showtime CEO Alex Mesmaj, among others.
It is reported that GCR DAO was established in 2017, focusing on researching Web3 and investing in DAO. (CoinDesk Korea)
According to official news, CBTC Bridge, the first cross-chain bridge project in the Cardano ecosystem, announced the completion of the first round of financing, with participation from institutions such as ArkStream Capital, DCI, Shima Capital, and Lancer Capital. The financing will be used to expand the development team.
It is reported that the current CBTC Bridge has completed the first round of testing and is currently in the second round of iterative testing. Code audits will be carried out during the same period. The online version will be the first to support BTC, ETH, USDT, and USDC cross-chain to Cardano.
As the first cross-chain bridge project in the Cardano ecosystem, CBTC Bridge is committed to bringing mainstream encrypted assets into the Cardano ecosystem, and eventually expanded to multi-chain and multi-layer, to achieve both centralized and complete decentralized cross-chain service capabilities.
According to official news, MetaCat has completed the seed round of financing, and participating institutions include HashKey, Zonff Partners, Digital Humanism, Metaverse Limited, and Null Capital.
MetaCat focuses on metaverse data analysis, content navigation, land leasing and other businesses. The official website will be launched in December 2021, and functions such as metaverse content navigation and data analysis will be launched. In addition, MetaCat began to provide data services such as Metaverse New Earth News and Metaverse Monthly Report in 2021 Q3.
On January 14, according to official news, Binance Labs made a strategic investment in Nine Chronicles, aiming to bring open source blockchain games into the mainstream. With the newly secured funding, Nine Chronicles plans to expand its team and product suite. Core features such as mobile clients, guild DAO support, cooperative games, and dual-token economy will be added in 2022 and will target new users. In addition, as part of the strategic investment, Nine Chronicles will work closely with the Binance ecosystem to build an asset bridge to BSC and provide exclusive in-game NFT skins for the Binance NFT marketplace. Additional collaborations will be explored between Nine Chronicles and the BSC ecosystem, while players will join a community of millions of active Binance users around the world.
A&T Capital Announces Strategic Investment in KlayCity
On January 14, according to official news, A&T Capital announced a strategic investment in KlayCity, which will provide support for the strategy and development of the entire project. KlayCity is a decentralized P2E game based on a future Earth ravaged by chronic pollution. Built on the Klaytn network, users can obtain NFTs that simulate real urban areas.
6th Man Ventures strategically invests in the P2E metaverse game Bullieverse
The P2E metaverse game Bullieverse announced that it has received strategic investment from 6th Man Ventures. It is reported that 6th Man Ventures is a venture capital institution that mainly invests in Web3, Metaverse and game projects.
Overwolf Invests in SYN CITY to Pioneer User-Generated Content in P2E Gaming
Overwolf, an all-in-one game application platform, announced its investment in SYN CITY. Overwolf and SYN CITY will explore new user-generated content (UGC) opportunities in the metaverse, including the creation, sharing and monetization of in-game items.
Earlier news, SYN CITY announced the completion of 8 million US dollars in financing, Twitch co-founder Justin Kan and Goat Capital led the investment, A&T Capital, Hack VC, Animoca Brands and Spartan Group participated in the investment. (Cryptonews)
Roundhill Announces Strategic Investment in Investment Tracking Platform AssetDash
A few days ago, Roundhill Investment Company announced a strategic investment in the investment tracking platform AssetDash. Currently, AssetDash supports more than 100 platforms, including major brokerages, cryptocurrency exchanges, cryptocurrency wallets, and blockchains. It is reported that AssetDash was co-founded by Matias Dorta and Jorge Perez, the former is the vice president of marketing of Roundhill, and the latter is the vice president of engineering of Cylera. (prnewswire)
NFT Project Starly.io Receives Investment from Bigcoin Capital
News NFT Launchpad and marketplace Starly.io announced that they have received investment from Bigcoin Capital.
It is reported that Bigcoin Capital is a venture capital fund from Vietnam that supports portfolio companies to develop their own ecosystems in the Vietnamese market. Investment projects include TomoChain, Syntropy, Perlin, Blocto and most recently Starly.io.
NFT project MetaDojo completes seed round financing led by DFG
The NFT project MetaDojo announced the completion of the seed round of financing, led by DFG. The specific financing amount was not disclosed.
Sunday Daily News NFT derivatives company Bliv.Club announced the completion of a seed round of financing, Polygon co-founder Sandeep Nailwal and others participated in the investment.
It is reported that Bliv.Club aims to reduce barriers to entry into the NFT industry through various new-age tools, and promote the liquidity of the NFT ecosystem through derivatives. Bliv will provide a derivatives market that allows ordinary people to participate in the NFT market on a small scale. (Economic Times. India Times)
TooRichCity officially announced that it has received a personal strategic investment from Metaverse investor Li Rongbin. Li Rongbin is the founding partner of SevenX Ventures and an NFT collector. He has led the investment in NFT projects such as Whaleshark, Rangers, Smart Token Lab and YGG.
Through this strategic investment, TooRichCity will continue to create a Chinese futuristic plastic punk world for its citizens, including villas, skyscrapers, airships, amusement parks, etc. In addition, TooRichCity Studio will launch Metaverse's first avatar identity system based on a Chinese-style interpersonal network in the near future, and the design team is currently steadily advancing production.
TooRichCity will explore the possibility of NFT games while building the metaverse, and is committed to becoming an important contributor to the Web3.0 world.
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