MetaDerby, Avalanche’s first free-to-play-and-earn horse racing and breeding game, has raised a total of $2.5 million in its seed round led by Ava Labs and Old Fashion Research.
Other investors in this round included Avalaunch, Aventures DAO, Shima Capital, LD Capital, Keychain Capital, Magnus Capital, Hailstone Ventures, IndiGG, Coins.ph, Dux Crypto, Metaverse Magna DAO and HTR Group.
MetaDerby is the ultimate union of a horse racing game and a breeding-inspired metaverse where anyone can earn tokens through skilled gameplay and contribution to the DerbyVerse.
MetaDerby also redefines the horse race-gaming experience, making it accessible and profitable to gamers with its free-to-play model and blockchain-based integration, including a create-to-earn land system, decentralized finance staking and a nonfungible token (NFT) marketplace.
MetaDerby has a core team consisting of crypto-native veterans from Binance and Animoca Brands and has already built an active community of more than 70,000 play-to-earn (P2E) and NFT enthusiasts on various social media.
“MetaDerby is made for crypto gamers by a group of solid Web3 builders. We really appreciate the support and feedback from our active community, who have contributed more than 4,000 votes to MetaDerby in the Avalanche Hackathon. With the confidence and backing from our investors, our team is committed to building the best P2E game in the Avalanche ecosystem,” said Mike, founder of MetaDerby.
“GameFi is exploding on the Avalanche ecosystem, and we are thrilled to see what’s next for MetaDerby, the first horse racing game on Avalanche,” said Lydia Chiu, vice president of business development at Ava Labs.
“We know GameFi, and we know Avalanche. MetaDerby is poised to run ahead of the pack in both. The project has seen tremendous growth since its inception, and the promise of a DerbyVerse means the scalability of the project will be tremendous,” said Ling Zhang, managing partner of Old Fashion Research.
MetaDerby is the first free-to-play-and-earn horse racing game on Avalanche, where players can race, breed and trade NFT horses, plus bet on horse races to gain sustainable earnings. Moreover, players can create their own games by buying lands in the DerbyVerse and building stables, racecourses and even jockey clubs.
Official MetaDerby links:
- Sky Harris, marketing lead of MetaDerby — [email protected]