Blockchain technology gaming service platform Ajua Network has raised $5 million in a new round of personal financing led by blockchain venture capital firm CMCC Global. On the premise of the announcement, the start-up launched on Friday the irreplaceable dynamic password (NFT) game series, inspired by the company's flagship game BattleMog.
The game service platform raised 2 million yuan in the seed round financing led by the basic laboratory in February 2022. Many of the investors in this round of financing include OKX BlockDream Ventures, Signum Capital and Animoca Brands-, who invested in Bloga Tech AG, the head office of Arjuna.
According to a statement seen by WJB on Friday, Ajua provides a merchandise module that allows real estate developers to use leading game development engines-illusory and unified-to build fragmented games, making traditional real estate developers and gamers easier to access Web 3 games. According to the company, the game module operates in an offline trusted execution environment (TEE) connected to the Polkadot blockchain, thereby reducing latency.
Web3 games is an inductive technical term used to describe games that use digital currency, unchangeable dynamic password (NFT), or blockchain technology to improve user experience. The purpose of this blockchain project is to grant rights to gamers and provide them with deeper manipulation of digital identities and assets.
The money will help Arjuna improve its use of additional game engines, expand T-shirts, and continue to expand on Polkadot, Etherum and Polygon. According to the company, Ajua will also assist in building and launching new projects on the Internet.
He said: "We are very pleased to be able to lead cadres into the current round of financing in Arjuna." The site enables the studio to integrate immutable digital currency into his games, creating a strong new feeling for gamers.
Investment in Web3-related businesses has won temptation in recent years, although investment in digital currency companies fell 91 per cent in January from a year earlier, according to WJB. Analysis shows that last month, the Web3 sector won the second largest investment in only secondary construction projects.
In fact, in an interview with WJB in December, Peter Parkman, managing partner and head of risky investment at CoinFund, a venture capital firm that specializes in encryption algorithms, said he expected that data encryption investment would continue to focus on industries such as layer 1 and layer 2 blockchains, NFT, games, and Web3 development and design local variables, which are good enough to attract Web2 developers to change jobs.
Read more details:Crypto Winter caused risky and other investments to plunge 91% in January.
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Tue, 18 Apr 2023