1. QiAi QuestsHome
  2. Crypto & Markets

Jungle raises $6 million in seed round financing

• Crypto & Markets • 68 views

Jungle raises $6 million in seed round financing

It is reported that Brazil’s Web3 game studio Jungle has completed a seed round financing of US $6 million. Bitkraft and Framework Ventures jointly led the investment, and Delphi Digital, Karatage, Fourth Revolution Capital, Monoceros, 32bit Ventures, Stateless Ventures, Snackclub and Norte Ventures participated in the investment. （The Block）

Web3 game studio Jungle completed $6 million seed round financing

Analysis based on this information:


Jungle, a Brazilian Web3 game studio, has raised $6 million in a seed round financing. The investment was jointly led by Bitkraft and Framework Ventures, with participation from other investors such as Delphi Digital, Karatage, Fourth Revolution Capital, Monoceros, 32bit Ventures, Stateless Ventures, Snackclub, and Norte Ventures.

This news signifies the growing interest of investors in South American startups and the potential of Web3 gaming. Brazil has become a hot spot for investments in recent years, and Jungle has proved that the gaming industry is no exception.

Web3 gaming refers to the integration of blockchain technology into traditional gaming, allowing for decentralized ownership, true ownership of in-game assets, and other benefits that would not be possible in centralized gaming. Blockchain technology enables transparency and trust, making it ideal for gaming where ownership and transactions are a crucial aspect.

With the funds raised, Jungle plans to expand its team, develop more games, and improve the existing ones. The game studio has already launched Lost Relics, a multiplayer action-RPG game that uses blockchain technology. The game has proved successful, and the funds raised will help Jungle continue to innovate in this sector.

The participation of Bitkraft and Framework Ventures further highlights the potential of Web3 gaming. Bitkraft is known for its investments in esports, and Framework Ventures is a prominent blockchain venture capital firm. The combination of their expertise and investment signifies the growing interest and momentum of the gaming and blockchain industries worldwide.

Jungle’s seed round financing highlights the potential of innovation, particularly in South America. The increased interest in Web3 gaming and blockchain technology signifies that investors worldwide are looking for opportunities to invest in these emerging sectors. Jungle is a prime example of a startup with immense potential, and its success shows that there is an appetite for innovation in the gaming industry.

In conclusion, Jungle’s seed round financing is a significant milestone for the gaming and blockchain industries. The potential of Web3 gaming and blockchain technology is vast, and investors are beginning to take notice. As such, Jungle’s success is just the beginning of what is to come for the gaming and blockchain industries.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/7603.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/13/2023 14:02
Next 03/13/2023 14:09

Related recommendations