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Abu Dhabi, UAE, October 9th, 2024, Chainwire
Dragonz Lab, a Web3 gaming studio originating from the UK, today announced a $9 million funding round led by Syndicate Capital Limited Partnership Fund (LPF), a venture fund specializing in Web3, Blockchain, and AI investments, playing a role as a community builder to foster the development of digital economy. This strategic equity investment aims to enhance the development of Dragonz Land, a utility-driven Play-2-Earn game, promoting digital property rights and Web3 ecosystem.
Through Syndicate Capital LPFs support, Dragonz Lab plans to use the funds to further develop Dragonz Land’s ecosystem, which already boasts a base of over 5.3 million monthly active users, to enhance the game’s features such as PvP tournaments, strategic guild collaborations and customer loyalty program.
Dragonz Land combines unique NFT cards with dynamic gameplay and community engagement. Players can buy, collect, level up, and trade cards across 16 distinct factions while earning in-game tokens through tapping and completing various tasks.
“Partnering with Syndicate Capital LPF represents a huge leap forward for the Dragonz ecosystem,” said Andy Chen, Representative of Co-General Partner of Syndicate Capital LPF and Board Member of Dragonz Lab. “Being the frontier and market leader in the Web3 spaces, our expertise in building ecosystems around loyalty programs aligns with our vision to create a sustainable and engaging gaming environment. This strategic investment and synergy will bolster our game development while providing our users with innovative digital assets and digital property rights to increase user acquisition and retention in the Web3 spaces.”
The game, available on both mobile and desktop via Telegram, utilizes blockchain for secure transactions and true ownership of digital assets. Syndicate Capital LPF is targeting the burgeoning tap game market, as many titles have struggled to retain traction. The move marks the frontier Asian VC fund from the Web2 space to invest in a Web3 Play-2-Earn game. Dragonz Land stands out for its engaging gameplay combined with a successful revenue model, including in-game purchases and upgrades for ultimate users or digital property owners.
“Dragonz Land represents the future of gaming and Web3 more broadly, combining our success in customer loyalty programs as well as the excitement of GameFi, innovative blockchain technology, and a successful revenue model” said Dr. Albert Yip, Chairman of Syndicate Capital Group. “As a Web3 builder, we are thrilled to support this project, providing our expertise to boost the Dragonz ecosystem and produce synergy with our other digital loyalty programs such as Asia Top, which is one of our flagship portfolio companies of Syndicate Capital LPF .”
The project is set to deliver its tokenomics and additional features in the coming months, reinforcing its commitment to continually growing its user base and community engagement.
For more information about Dragonz Land visit here or begin playing here.
About Dragonz Land
Dragonz Land is a Trading Card Game where players buy, collect, merge, and evolve NFT cards to increase their power, rarity, and value. The cutting edge Web3 MTG style trading card game is implemented into a tap-to-earn using features like claiming Game Cards and NFTs, KOL/Heroes guilds.
About Syndicate Capital Group
Syndicate Capital Group is the Investor Champion and Corporate Champion of Global Fast Track, aiming to support the fintech and CBDC initiatives globally. It is the Co-General Partner of Syndicate Capital LPF which is a Web3 venture fund with a special focus for investments in the digital economy. Syndicate Capital Group is a Web3 investor of the investors network at Cyberport that is positioned as the Web3 Hub in Hong Kong.
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Source: https://finbold.com/dragonz-lab-secures-9m-investment-from-syndicate-capital-to-enhance-dragonz-land-ecosystem/