On February 20, KuCoin Ventures, the investment arm of KuCoin, announced it has made a “strategic investment” in Crystal Fun, a developer of blockchain games.
This investment, part of a $5 million seed funding, highlights KuCoin’s confidence in web3 gaming’s potential to revolutionize the entertainment landscape. Other investors contributing to the funding round include Actoz Soft, Waterdrip Capital and ælf Blockchain.
Four blockchain games released
Crystal Fun has developed four blockchain games to date, including Endless War, STARFALL2312, Survivor and OUTER, with the latter game recently successfully completing its first phase of testing. While the specific destination of the investment is still unclear, it appears that the funding will support Crystal Fun as they continue their mission to launch new games throughout the year on their proprietary gaming platform.
Lou Yu, the head of KuCoin Ventures, expressed his excitement about the investment: “This investment reflects our commitment to fostering innovation within the blockchain space. We are excited to be part of the next evolution in gaming.”
This recent financial injection into Crystal Fun marks the second “strategic investment” by KuCoin Ventures in February, following an earlier investment in Ta-da, a platform focused on collecting and verifying data to train artificial intelligence. However, details about the financial involvement with Ta-da have not been released.
Source: https://newsbit.nl/kucoin-ventures-investeert-in-web3-gamingbedrijf-crystal-fun/
