Ancient8 Raises $4 Million in Seed Funding

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Ancient8 Blog2024/07/17 07:31

By:Ancient8

Today we are thrilled to announce that Ancient8, Vietnam’s largest blockchain gaming guild, has successfully completed a $4 Million seed round led by Dragonfly Capital, Pantera Capital, and Hashed.

We also received strategic backing from Mechanism Capital, Coinbase Ventures, Alameda Research, Coin98 Ventures, Kyros Ventures, Raydium, Jump Capital, GuildFi, Impossible Finance, Animoca Brands, Mirana Ventures (Venture Partner of Bybit and BitDAO), Chromia, Sipher, Smrti Lab, Folius Ventures, PANONY, Shima Capital and SkyVision Capital.

Additionally, we would like to acknowledge notable angels including Santiago R Santos, Nick Chong, and Loi Luu (Kyber Network), and sincerely thank our friends including Tin Tran (CyBall), Coin98 Ventures Team, Kyros Ventures Team, and Coin68 Team.

On this journey to democratize social and financial access in the Metaverse, we’re fortunate and proud to be accompanied by our dearest friends, backers, and community. The funds will be used to accelerate Ancient8’s development of a Decentralized Autonomous Organization (DAO) to create a community and software platform that enables everyone to play and build in the Metaverse while earning rewards, with an emphasis on the Solana ecosystem.

As a community-centric platform, Ancient8 has provided scholarships for thousands of blockchain gamers and educational opportunities for tens of thousands of community members in Vietnam and globally. We strive to meet the community’s needs through our products and efforts as well as the decentralized Ancient8 Community Alliance (ACA), which we form with global community partners. Ancient8 will lead the alliance to bring blockchain knowledge, play-to-earn game rewards, and other core Metaverse offerings to the mass market.

From Our Backers

As we continue on our mission to reach, educate, and empower the next 100 million Metaverse citizens with Blockchain, we are honored to be backed by an incredible group of visionary investors, friends, and partners.

“Guilds represent an important building block in the GameFi ecosystem, offering users a powerful community to adopt new technologies and earn rewards for gameplay. We are excited to support Ancient8 in their efforts to build a strong crypto gaming community in Vietnam and beyond.” said Mia Deng, Partner at Dragonfly Capital.

“Vietnam is one of the most exciting and fast-growing markets in the world today for blockchain adoption. Local communities are realizing the potential impact of this emerging financial system and in particular, the opportunities in play-to-earn gaming. Ancient8 has built an incredible gateway for the play-to-earn ecosystem as Vietnam’s largest blockchain gaming guild and we’re excited to partner with them,” said Paul Veradittakit, Partner at Pantera Capital.

“We are extremely excited about Ancient8’s mission to democratize social and financial access and reach, educate, and empower the first native generation of 100 million Metaverse citizens on the blockchain. The team is strongly positioned to realize this vision with their background in investing and as pioneers in crypto community building in Vietnam,” said Ethan Kyuntae Kim, Partner at Hashed

What’s Next?

As we strive towards our vision to democratize social and financial access in the Metaverse, the community is at our core. We will continue to expand ACA with our alliance partners to reach, educate, and empower ever more community members with blockchain and Web3. Additionally, we are building the infrastructure layer for GameFi and the Metaverse and will continue to expand our scholar base, partner with more innovative projects and games, and develop additional blockchain and software products that serve both our community and project partners.

Follow us on Twitter and join our Discord to stay updated with the latest news as we continue to build the Metaverse, together.

About Ancient8

Ancient8 is a Web3 gaming infrastructure protocol. Ancient8 builds Web3 Gaming Loyalty Platform Space3, Dojo Launchpad, research content platform, and Vietnam’s largest guild to help Metaverse projects onboard millions of users to Web3. We’ve developed products to help 100+ web3 games and 200K+ users better navigate Web3.

Ancient8 has raised $10M in total financing from leading investors including Pantera, Dragonfly, Hashed, Makers Fund, Mechanism, Coinbase, IOSG, Animoca, among others.

Join us in our journey to build the Metaverse!

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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