Metaverse gaming project, DigiNation, who run CryptoSurvivor, has raised a total of $2.4 million. The money has come from venture capital firms, and other names in the industry. A list of the investors includes Longhash Ventures, OKEx Blockdream Ventures, Huobi Ventures, RareStone Capital, Spark Digital Capital, Yuanyuzhou Ventures and 21DAO Ventures.
CryptoSurvivor is a metaverse gaming project on the Ethereum blockchain. The company that runs it, DigiNation “is an ecosystem that contains a large virtual gaming client DigiPlayer, playable characters (represented by DigiAvatar NFTs), a 3D design studio called DigiMaker. Also, a web gallery named NFT Live. And finally, an OpenSea-Esque marketplace known as DigiMarket.” Crypto Survivor will be DigiNation’s online tournament, which is comparable to the popular Netflix series, Squid Game. Some of the biggest NFT projects, including CryptoPunks and Pudgy Penguins, will be involved somewhat in the tournament. Due to the huge success of Squid Game, the tournament should increase its popularity. And hence increase the number of users involved.
What the Investment Means, and the Future
Investment in the NFT space is the key to the growth of the industry. Big names coming into the space and putting their money into projects will be great for the expansion of projects. We’ve seen projects that were invested in by big names like GaryVee and Mark Cuban blow up overnight. These ‘whales’ and big crypto companies’ involvements will provide advice. Alongside financial backing to projects who have potential but are potentially lacking in certain areas. The continued support from big names will continue to grow the space. With these brands’ fans also being introduced to the space. It may also get rid of some of the bad projects we’ve seen. Projects that have clearly no effort put into them. And leave the space for high quality, real projects.