Ancient8 Receives $6 Million to Develop Infrastructure Software for GameFi

Ancient8, a blockchain company based in Vietnam, announced that it has raised $6 million in new funding to support its work in establishing infrastructure for the Web3 GameFi sector. On Wednesday, the startup discussed the raised fund led by Makers Fund and C2 Ventures, an interactive entertainment venture capital firm. Ancient8 has raised $6M to accelerate our development of GameFi infrastructure to onboard millions of users to Web3 and discover the most innovative blockchain games. Join us on our mission to democratize social and financial access in the Metaverse!https://t.co/eFHj2EChYV pic.twitter.com/qPqKc92Iyu — Ancient8 (@Ancient8_gg) June 9, 2022 Pantera Capital, 6th Man Ventures, IOSG Ventures, Folius Ventures, Morningstar Ventures, Th3ia Capital, Sky9 Capital, and Play Ventures all contributed to current and new investors. According to Ancient8, the funds will be used to expand the company’s software offerings and its community and gaming guild. According to the statement, the company has roughly 200,000 active users. Gaming and Finance GameFi – a mix of gaming and finance is a novel concept in the Web3 ecosystem that aims to provide gamers with ways to earn money as they play by offering tokens and NFTs as economic incentives. The domestic sector has begun to gain pace, according to Xu, thanks to prominent crypto game titles like Axie Infinity, which is situated in Ho Chi Minh City. Last year, GameFi’s daily unique a...