Cardanlonia ($LONIA), an Estonian crypto business building a future Cardano-powered NFT-based play-to-earn (P2E) game, has raised $420,000 in a pre-seed round.
This is what Vasil Air, CTO and co-founder of the project, had to say:
We’re on a quest to build a creator-friendly and interactive platform that will outperform current metaverse behemoths like Decentraland and Sandbox, both of which are based on the Ethereum blockchain.
It raised “$420,000 thousand in pre-seed funding from angel investors. It is envisioned to establish a creator-centric platform that is owned by creators, developers, and a growing community of metaverse players.” “More than 8 investors, including blockchain players led by Hedgespur Capital, participated in the round,” according to the report.
This round of funding will “assist the company in launching the project, forming strategic alliances, onboarding more developers, and bringing more fans into the Metaverse area.
It is now deploying its native in-game currency, the $Lonia Token, in preparation for its August 2022 launch and exchange listing.
It is “still in the very initial phases of development, as the development team has been able to prototype the clans (the playable avatars when the game is launched),” and it aspires to be “a fully functional DAO where decisions will be made by $Lonia token holders who would vote and decide on the future of Cardalonia.”
The Cardalonia Team’s Perspective on the Project is as follows:
“Cardalonia is a virtual world based on the Cardano blockchain where gamers can create, own, and trade gaming experiences… We plan to provide frictionless blockchain connections for play to earn, cross-chain capabilities, and decentralized infrastructure in the future… As a player, you can pick a clan, generate digital assets in the form of NFTs, deploy them on your Cardalonia land, and create beautiful scenes on Cardalonia Land that the player must obtain.
It is built up of clans, and in order to enjoy it, people must join a clan Avatar. To buy land, join a Clan, and enjoy the lavish treatment in Cardaloni, participants must have $Lonia, a utility currency that allows crypto and non-crypto fans to participate.”
The term “metaverse” was defined as follows:
“A metaverse is a network of 3D virtual worlds focused on social connection, made possible by the use of virtual and augmented reality headsets, as well as Blockchain assets that secure the scarcity and immutability of in-game goods.“
Also Read: How to get money by Playing games? What’s the Play-to-Earn Business Model?
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