Animoca Brands co-leads $3.8m seed round of NFT gaming guild hub

BlockchainSpace, a guild enabler for play-to-earn communities, has raised US$3.75 million in seed money in a round led by Animoca Brands, Spartan, and Infinity Ventures Crypto. 

Photo credit: Acceler8

BlockchainSpace’s latest round also saw participation from 3commas Capital, Arca, Bitscale, CMS Ventures, Coingecko, Fenbushi Capital, GBV Capital, Mechanism Capital, Parataxis Capital, Petrock Capital, Sfermion, Stablenode, and Yield Guild Games (YGG).

Angel investors such as YGG’s Gabby Dizon, The Sandbox’s Sebastien Borget, Binance SEA’s Colin Goltra, HaloDao’s Chris Verceles, The Daily Ape’s Darren Lau, and Taiwan-based blockchain community MrBlock also chipped in during the round.

BlockchainSpace builds tools to enable play-to-earn communities to provide players with valuable data and metrics on games like Axie Infinity while helping guilds with access to capital. The firm also runs several guilds under its own banner that gauge the economic opportunities of several play-to-earn titles.

BlockchainSpace said it currently serves over 2,000 guilds and more than 545,000 players.

“As blockchain gaming continues to evolve and reaches greater numbers of users, play-to-earn guilds have an increasingly important role as the asset managers and resource directors of the metaverse,” said Yat Siu, executive chairman and co-founder of Animoca Brands.

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The startup plans to use the new capital to continue developing new tools and features. By early next year, it aims to introduce Open Guild Marketplace, which will allow for traditional finance and DeFi integrations through credit data use. It will also include other features like automated credit scoring and loan issuance, as well as the deployment of an ecosystem fund.