KlayCity, a Seoul, South Korea-based P2E virtual world where district NFT owners can govern, explore and earn while enjoying the gaming experience, raised $3.75m in seed funding.
The round was led by Krust and Animoca Brands, with participation from Naver Z, FriendsGames, A&T Capital, OKX Blockdream Ventures, Genesis Block Ventures, Kyros Ventures, ROK Capital, StableNode, PlayDapp, HG Ventures, Eric Zoo from Exnetwork Capital, Kwon Do and others.
The company intends to use the funds to continue to build the virtual world with Land NFTs to allow users to come across a whole different experience in crypto space.
Led by Jake Choi, CEO, Klaycity enables players to utilize NFTs, $LAY tokens and $ORB tokens and participate in various activities including scavenging, exploring, and leveling. The platform is built on the Klaytn Network. The company, which also has a grand plan to develop IP business in various fields based on KlayCity’s original story, has finished its Land NFT presale on Feb 10 at the price of 500 KLAY for each NFTs. While being actively traded in OpenSea, District #684 hit the highest price of 120,000 KLAY on 11 Mar. It was 240 times of the initial minting price – 500 KLAY, which reflects the deep interest from the investors and industry to the project.
FinSMEs
21/03/2022