Web3 Gaming Giant InfiniGods Secures $8 Million Investment

Web3 Gaming Giant InfiniGods Secures $8 Million Investment

Web3 game developer InfiniGods has secured $8 million in a Series A funding round led by crypto hedge fund Pantera Capital. The funding will be used to expand the company's blockchain infrastructure. The news comes as the Web3 gaming sector continues to grow rapidly. According to a recent report from DappRadar, the number of active Web3 game users increased by 50% in 2022. This growth is being driven by the increasing popularity of play-to-earn games, which allow players to earn cryptocurrency by playing. InfiniGods is one of the leading developers of Web3 games. The company's flagship game, Nine Chronicles, is a massively multiplayer online role-playing game (MMORPG) that has been played by over 1 million people. The investment from Pantera Capital will allow InfiniGods to expand the development of Nine Chronicles and other Web3 games. The company also plans to use the funding to build out its blockchain infrastructure. The funding round is a major vote of confidence in the future of Web3 gaming. As the sector continues to grow, InfiniGods is well-positioned to be a major player. Previously on April 25, 2024, Web3 game company InfiniGods raised $8 million in a Series A funding round led by crypto hedge fund Pantera Capital.