Vietnam blockchain gaming guild scores $4m seed funding

Ancient8, a Vietnam-based blockchain gaming guild, has raised US$4 million in a seed round led by Dragonfly Capital, Pantera Capital, and Hashed.

Image credit: Ancient8

Founded in July last year, Ancient8 is a group of gamers and investors that look to earn yields from blockchain-based games, especially those on the Solana ecosystem. It provides several supporting tools and services like scholarships, which allow users to borrow NFTs to play popular games and split the rewards.

Ancient8 currently has more than 10,000 blockchain gamers on its platform – the guild says that it is the biggest blockchain gaming coalition in Vietnam. It was established by Howard Xu and Nathan N, who both previously worked at several VC firms.

Ancient8 plans to use the fresh funds to expand its scholarship’s user base and build more supporting tools for its users. It also aims to expand its presence to other countries in Southeast Asia.

See Also: Meet the 15 top-funded startups and tech companies in Vietnam

Other investors in this round include:

• Mechanism Capital
• Coinbase Ventures
• Alameda Research
• 3twelve Capital
• Coin98 Ventures
• Kyros Ventures
• Raydium
• Jump Capital
• GuildFi
• Impossible Finance
• Animoca Brands
• Mirana Ventures
• Chromia
• Sipher
• Smrti Lab
• Folius Ventures
• Panony
• Shima Capital
• C2 Ventures
• SkyVision Capital
• Axie Infinity co-founder and CEO Trung Nguyen
• Kyber Network co-founder and CEO Loi Luu
• ParaFi Capital partner Santiago R. Santos
• Former ParaFi Capital investment analyst Nick Chong