Monoverse Announces $3.1M KOREIT Investment, Gametopia Partnership -Breaking
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Monoverse Announces $3.1M Gametopia Partnership, KOREIT Investment- Monoverse invests $3.1M in KOREIT
- The Frutti Dino project will continue to develop with this funding.
- Monoverse has also announced a partnership agreement with Gametopia.
Monoverse, a developer of blockchain-based games, received a $3.1million investment from Korea Real Estate Investment and Trust. This funding will allow the platform to expand its footprint in blockchain gaming and continue development of its popular play-to earn NFT game Frutti Dino.
“We are thrilled to continue developing blockchain and advanced games at the cutting edge of technology with support from Korea Real Estate Investment and Trust,” shared Monoverse CEO, Jayden Lee. He also expressed how grateful the company is for the community’s “continued outpour of support.”
Moreover, this financial move only proves KOREIT’s full support toward Monoverse’s objectives and its faith in the company’s budding potential in the gaming industry. KOREIT’s representative was happy to comment on the achievement.
Monoverse, a leader in NFT and blockchain gaming industry, is ready to lead in this highly competitive international market. Monoverse is in good hands. We will continue to support it.
Monoverse, meanwhile is creating Entropy. This allows any game developer to easily migrate to Entropy sidechains and join the wider Entropy ecosystem. Traditional gaming projects can then decentralize as they no longer have to build their sidechains.
Monoverse also plans to use Entropy in order to add NFT-based and conventional third-party gaming to its sidechain. Transaction processing speed and gas prices are comparable here.
Alongside the $3.1M funding, Monoverse also unveiled a new partnership with Gametopia — a digital game development studio and a subsidiary of Chinese Gamer. Monoverse will help Gametopia move its games onto the Entropy blockchain, and integrate NFTs as well as tokenomics in their design. This is similar to Monoverse’s goal. It will allow players to control their digital assets.
In other news, Monoverse’s Frutti Dino has recently launched its NFTs on the Binance network and has grown its community to more than 100k participants worldwide. Users can check out the official site to stay up-to-date on the latest developments regarding the company.
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