Blockchain Gaming Platform SkyArk Chronicles Secures $15M in Funding Round Led by Binance Labs
Blockchain gaming platform, SkyArk Chronicles has announced the successful completion of a $15 million funding round led by Binance Labs. The funding round saw substantial participation from various other investors, cementing the platform’s position as a key player in the emerging blockchain gaming sector.
SkyArk Chronicles is known for its innovative play-to-own concept, offering a free-to-play blockchain game that allows players to truly own and trade in-game assets. This marks a departure from traditional gaming models, where in-game assets are typically owned and controlled by the game developers. With the play-to-own approach, SkyArk Chronicles aims to empower players by providing true ownership of their virtual items, fostering a sense of value and rarity in the gaming ecosystem.
The $15 million funding round signifies a strong vote of confidence from the investor community in SkyArk Chronicles’ vision and execution. Binance Labs, a leading blockchain and cryptocurrency exchange, led the round, underscoring the platform’s potential in the fast-evolving world of blockchain gaming.
We’re thrilled to announce the successful completion of a $15 million funding round! 🎇@BinanceLabs led this round with participation from over 40 institutions, including VividThree, a Singapore-listed company, @GuildFiGlobal , @JamboTechnology , @BreederDAO , and many more.… pic.twitter.com/HEboR4mPIi
— SkyArk Chronicles (@SkyarkS) January 12, 2024
Other notable participants in the funding round include Bitscale Capital, Gate Ventures, Maven Capital, GuildFi, Signum Capital, Jambo, BreederDAO, and CGV FoF. The diverse group of investors brings a wealth of experience and expertise in the blockchain and gaming industries, signaling broad support for SkyArk Chronicles’ strategic direction.
SkyArk Chronicles had previously participated in Season 3 of the Binance Labs Incubation Program, showcasing its commitment to innovation and collaboration within the Binance ecosystem. This funding round will undoubtedly provide the platform with the necessary capital to further develop and expand its groundbreaking play-to-own gaming model.
The blockchain gaming sector has been gaining momentum in recent years, with an increasing number of players looking for more immersive and rewarding experiences. SkyArk Chronicles’ unique approach to ownership and trading of in-game assets positions it as a trailblazer in this space. The $15 million injection of capital will likely accelerate the platform’s growth and contribute to the ongoing evolution of blockchain gaming as a whole.
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