Posted on 22. March 2023 in Allgemein
• Aavegotchi, the popular metaverse game by Pixelcraft Studios, raised $30 million in a multiple year token sale.
• The funding round is said to be one of the largest in the Web3 gaming sector this year so far with no venture capital or investor participation.
• Pixelcraft Studios will receive 25%, or $7.5 million, of the treasury while the protocol’s decentralized autonomous organized (DAO) treasury will receive the remaining $22.5 million.
The creators behind the popular metaverse game Aavegotchi, Pixelcraft Studios, have announced that they have successfully raised $30 million over a multiyear token sale. This makes it one of the largest funding rounds within the Web3 gaming sector this year without any venture capital or investor participation. Out of this total sum, Pixelcraft Studios will receive 25%, or $7.5 million, while their decentralized autonomous organized (DAO) treasury will receive the remaining $22.5 million.
Aavegotchi is an Ethereum-based virtual pet game built on Aave’s DeFi protocols and Augur’s prediction markets systems which allows users to collect, breed and trade digital creatures called Gotchis for rewards and other digital assets such as NFTs (non-fungible tokens). The project launched its token sale in September 2020 and was concluded on Monday due to concerns around DAI stability issues.
Coder Dan, co-founder and CEO of Pixelcraft Studios expressed his excitement for this successful conclusion of their fundraising efforts: “We are thrilled to have such a strong and passionate community behind us and are excited about the potential of AavegotchiDAO receiving the lion’s share of this raise.” He also added that he hopes their model can serve as an example for responsible fundraising projects in future endeavors across Web3 technologies.
This news comes at a time when there has been increased interest in blockchain technology and non-fungible tokens (NFTs) among investors globally due to speculation around possible returns on these investments if they get involved early enough into these projects before they really take off into mainstream acceptance levels. With this large amount being raised by Pixelcraft Studios through their multiyear token sale as well as other similar projects within web 3 gaming sector raising record amounts too – it looks likely that we can expect further development from more ambitious blockchain based games in 2021 onwards and beyond!
Overall, with news like these coming out from various web 3 gaming projects raising large sums through crowdfunding campaigns – it becomes increasingly evident that more people are becoming more interested in investing into blockchain technology products like NFTs due to its potential returns if done early enough before it gains real traction amongst mainstream audiences!