The Galaxy Interactive division of Galaxy Digital led a $4.2 million seed fundraising round for the mobile gaming platform MetaverseGo. Delphi Digital, Dragonfly Capital, Mechanism Capital, Infinity Ventures Crypto, Shima Capital, Com2uS, Akatsuki, Ascensive Assets, Bitscale Capital, Yield Guild Games (YGG), BreederDAO, Mentha Partners, and Emfarsis also participated in the oversubscribed round. MetaverseGo Initially Valued At $40M The corporation claims that MetaverseGo was initially valued at $40 million. The money will go towards hiring strategically, establishing agreements with telecommunications companies, and developing software. According to a DApp Radar analysis, gaming DApps accounted for 52% of all blockchain activity in the second quarter of 2022. But just about a million individuals play blockchain-based games daily, compared to the hundreds of millions who play mobile games daily. Blockchain-Based Games Getting a wallet, buying cryptocurrency, and buying in-game products might be difficult for new users. However, Ash Mandhyan, Jake San Diego, and JC Velasquez, the co-founders of MetaverseGo, think their technology provides a solution. The British Virgin Islands-based company began in March 2022, with most of its personnel working out of a Play-to-Earn hotspot, The Philippines. It is scheduled for release within the upcoming month. With simply a cell phone number, users may register and begin playing games like Ax...
