Play It Forward DAO guild raises $6 Million to make Play-to-Earn gaming easy. They raised this huge amount by private investors, within six months, after its inauguration.
Play It Forward DAO Guild Raises $6 Million By Fundraising:
Play it forward DAO is a gaming guild that has successfully managed to gather up to 40,000 playing members. Also, there are also 3,000 scholars from all over the Philippines and Indonesia. All that is managed under the Play -To-Earn Management Program.
Play it forward DAO (PIF DAO) has begun its new year by making an announcement. That they made it possible with the help of private investors. Within six months just after its inauguration.
Furthermore, presently the DAO contains its players over various notable metaverse Play-to-earn (P2E) games. That includes Axie Infinity, Thetan arena, Pegaxy, and Dragonary.
On 2 Jan, the Play It Forward DAO made an announcement, “that the fundraising round shows its another phase of developing a platform that will change Play-to-Earn into Plug-to-Play for more guilds and players globally.”
“We want to build an ecosystem that abstracts all that away so any manager or player can get started in play to earn seamlessly (plug-and-play)“
The Investors Of Play It Forward DAO:
The major investors who participated in the fundraising round are Signum Capital. Previously, also supported other remarkable projects such as Polkadots, and Ren.
Additionally, other participants who invested are Kyber Ventures, UOB Venture Management, Jump Capital, GBV, LD Capital, Great South Gate, Octava, 975 Capital, Arcane Group, Tokocrypto, AU21, Double Peak Group, Faculty Group, NxGen, DWeb3 Capital, GSR, SL2 Capital, and Mintable.
Kyber Network Aim Behind Its Investment:
Loi Loo the founder of the Kyber Network, said that they have confidently, invested in PIF because of their unique guild gaming system. Which can bring value to the Play-to-earn economy completely as a whole, before adding,
“We believe the P2E movement will continue strong, and onboard tens of millions of new users to the Metaverse.”
Lastly, Play it forward DAOknown as Railing university, before upgrading its name in December 2021.
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