Vietnam-based Ancient8 has raised millions in funding to further its efforts in developing infrastructure for the GameFi sector in Web3.
Investors also included Pantera Capital, 6th Man Ventures, IOSG Ventures, Folius Ventures, Morningstar Ventures, Th3ia Capital, Sky9 Capital and Play Ventures.
Funding will be used to help grow the already considerable user base of 200,000+ players.
Ancient8 is expected to launch a 'GameFi identity product' along with a pair of tokens designed to engage users via a go-to-market strategy for Web3 gaming.
Co-founder, Howard Xu, referenced the surge in GameFi users thanks to other major gaming titles such as Axie Infinity and that this had massively helped the domestic market in which Ancient8 operates. As a result, it is currently the largest gaming build in Vietnam.
Read the full announcement ➡️ here
Learn more about Ancient8 ➡️ here
