Web3 game studio Unagi completed $5 million seed round financing

It is reported that Unagi, the Web3 game studio, completed a seed round financing of US $5 million, Sisu Game Ventures led the investment, and companies such as Sfermion, Signum Capital and 2B Ventures participated in the investment. The financing ended at the beginning of this year, only a few months after the start-up company obtained $4.2 million from Binance Labs. The total amount raised by Unagi was US $12.3 million. The company said that the new financing doubled the valuation of the start-up company, but did not disclose it.

Interpretation of this information:

Unagi, the Web3 game studio, has just completed a seed round financing of $5 million, with Sisu Game Ventures leading the investment. The startup also received funding from other companies like Sfermion, Signum Capital, and 2B Ventures. This latest financing comes just a few months after Unagi received $4.2 million in funding from Binance Labs, bringing its total raised amount to $12.3 million.

The new financing round will reportedly double the valuation of the startup, although the exact number has not been disclosed. This rapid influx of funds highlights the growing interest in Web3 gaming, which uses blockchain technology to create decentralized and transparent game ecosystems.

One of the most significant advantages of Web3 games is their potential to bring true ownership to players. Unlike traditional games, where players essentially rent access to the items they collect within the game, Web3 games allow players to truly own them. Items are stored on the blockchain and can be retained, traded or even sold outside the game.

It seems that Unagi has wisely tapped into this growing trend, with its blockchain-based game platform designed to provide a transparent and decentralized gaming experience. The platform uses non-fungible tokens (NFTs) to represent in-game items, which can be independently verified on the blockchain.

The rapid increase in funding obtained by Unagi also reflects the momentum and interest surrounding crypto-based gaming. Blockchain technology, in general, is becoming increasingly popular, especially in the area of non-fungible tokens, NFTs. NFTs provide a way for creators to monetize their digital content in a way that was never before possible.

With continued innovation and refinement of the technology, it is clear that Web3 gaming is poised to become a significant player in the gaming industry, offering a new level of ownership and transparency for players.