StarSharks, a community-driven gaming ecosystem devoted to creating, sharing and development between players, has closed a $4.8 million private funding round, Invezz learned from a press release. The ecosystem’s metaverse will use the funds to create exciting new games and promote community growth.
Binance Labs and KuCoin Labs among backers
The private funding round saw participation from the likes of Binance Labs, Kucoin Labs, and many other well-known investors. Among them were 3 Commas Capital, Bas1s. Ventures, Basics Capital, AC Capital, Banter Crypto, Bigcoin Capital, DAO Maker, Exnetwork Capital, Forward Analytics, Everest Ventures Group, Everse Capital, Fundamental Labs, Gate.io Labs, Hyperedge Capital, ICO Drops, and Geekcarptel.
Other notable investors included Genblock Capital, Jsquare, Kirin Fund, Krypital Group, Momentum 6, Muhabbit, LD Capital, MarketAcross, NGC Ventures, SL2 Capital, Titans Venture, Redline Dao, Skyman Ventures, UniX, Vendetta Capital, Winkrypto, YBB Foundation, Infinity Ventures Crypto, and YGG SEA.
Binance made strategic investment in StarSharks before round
Binance Labs, the incubator and venture capital arm of the world’s biggest crypto exchange, made a strategic investment in StarSharks prior to the funding round. StarSharks, which runs on Binance Smart Chain (BSC), was founded by prominent former employees of Google, Timi Studio, and Binance.
Franky, the CEO of StarSharks, said:
StarSharks is dedicated to developing a state-of-art blockchain game platform, with the goal of sharing and maximizing the value of creativity through co-creation. We are grateful to be supported by over 30 prestigious institutional investors and communities who believe in StarSharks’ vision, and we look forward to building the game platform of the next generation together.
Disrupting the current GamiFi landscape
The StarSharks project has the goal to disrupt the current GameFi landscape, which isolates assets in one game. Investors, developers, and players can own, breed, and exchange the shark NFTs within the ecosystem. They can transfer NFTs between games within the StarSharks metaverse as well.
NFTs can be leased
The project’s creators are well aware that not all users can afford to buy an NFT. For those, to whom it isn’t an option, NFTs can be leased. The feature “rent to play” will activate the liquidity and use of NFT assets completely. This option closes the gap between active players who don’t have enough funds to buy entry NFTs and NFT holders who don’t have time to play the game.
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