Elfin Kingdom Secures $5.25M in Private Funding Round Co-Led by Binance Labs and Alameda Research -Breaking
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Elfin Kingdom secures $5.25M Private Funding. Co-Led By Binance Labs & Alameda ResearchGameFi, the cryptocurrency market for game-to-earn has grown tremendously in the last year. There are all signs of an uptrend in the near future. Elfin Kingdom is one of the best projects in play-to-earn and has announced that it closed its strategic and private sales round, raising $5.25million.
This funding round was led by Binance Labs and included a group of highly-qualified investors. Strategic contributions were also made from players such as Alameda Research and prominent guilds like Merit Circle and GGG.
Elfin Kingdom is an innovative play-to-earn platform which seamlessly integrates the best apps of DeFi (decentralized financing) and GameFi to create one gaming metaverse.
The Elfin Kingdom allows users to capture Elfins as they travel on amazing journeys. Gaming can use the Elfin Kingdom to capture different types of Elfins. They have different skills and traits, so gamers can battle and feed them.
Financial education for the masses
Elfin Kingdom has a focus on Latin America and Southeast Asian economies and aims to simplify financial education for people through its interactive gaming system and fun games. They also offer opportunities to increase their incomes.
The platform currently uses the Binance smart chain (BSC), but plans for integration with other networks that are high in throughput and low on transaction fees such as the one being built by the company.
Says Juan Ibagon, CEO, Elfin Kingdom:
“We are at an exciting stage of blockchain technology where P2E games are now providing a viable career option for millions of users across the globe. Our team is very confident that this investment round will assist us in rapidly scaling our platform and accelerating our go-to-market plans, while positively impacting the lives of people in developing economies.”
Brad Lim is the Binance Labs Investment Director.
“Elfin Kingdom is a GameFi project with huge potential. Elfin Kingdom offers a unique form of GameFi. It is combined to DeFi. Eventually, tokens from the partnered DeFi projects can be staked within the games. This will provide additional benefits. We believe that Elfin Kingdom can bring a ‘free to play’ model to this industry.”
Elfin Kingdom will go live Q1 2022.
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