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P2E game CyBall secures $1.8M in Seed Round
CyBall, a P2E game has secured $1.8 million in seed funding to develop, non fungible-token (NFT) based game and a soccer-themed game with a gamer rewards model.
CyBall is a football-themed NFT-based game in which users could indeed gather, start trading, mentor, and eventually battle with CyBlocs. The game initially launched on Binance Smart Chain, with instantaneous planning to introduce on Solana once it is able to create a dual-chain gameplay experience.
Blockchain and, in particular, NFT-based gaming could very well alleviate a few of the problems today existing in conventional gaming, including such provable ownership as well as trustless item transactions, by storing important aspects of the game on-chain.
Blockchain gaming would therefore unquestionably disrupt as well as earn its place in the global gaming industry, particularly the smart phone gaming sector, in the next few years.
They have closed a $1.8 million seed round, with BITKRAFT setting the pace in front of their forthcoming game’s release.
Animoca Brands, Ascensive Assets, Merit Circle, Yield Guild Games, GuildFi, Raydium, Coin98, SkyVision Capital, and many others participated in the round, which was led by Bitkraft Ventures.
The funds would be used to measure the team in order to speed up the growth of CyBall and also to expand the scholarship system, CyLoans. The company employs a play-to-earn model popularised by Sky Mavis as well as its Axie Infinity game, in which gamers must be expected to pay to participate in a game but also can receive scholarships to cover the cost. Once gamers have levelled up their collectibles, they will be able to sell them for just a profit.
CyBall’s team consists of highly trained and knowledgeable game makers, engineers, as well as crypto-experts who’ve already formed advanced and powerful gameplay experiences for play-to-earn users. The team is promoting cryptocurrency implementation by creating a play-to-earn game that, with its football-inspired concept as well as recognisable gameplay, quickly tends to attract a fan base of a relatable, universally loved major sport. CyBall appeals to a diverse range of demographics even while acting as a gateway between gamers as well as blockchain technology via the game’s CyBloc world.
CyBall held its Triple (initial game offering) IGO event over three networks, which include BinanceNFT, CyBall.com, as well as GuildFi. CyBall is presently the most valuable NFT collection on BinanceNFT.
By providing more utility as well as interactive game perspectives than existing play-to-earn games, CyBall hopes to advance the blockchain gaming movement.