Polygon co-founder, AvaLabs, IndiDAO and others invest in play-to-earn and GameFi platform


BUGIS, SINGAPORE, November 15, 2021 – Play-to-earn (P2E) fantasy gaming platform CoinFantasy has secured seed investments from Sandeep Nailwal, co-founder of Polygon (Matic Network), AvaLabs (Avalanche) and more. Also, it has secured grants from IndiDAO (a DAO consisting of founders from the Indian crypto ecosystem), Polygon & DARQ Labs

Sandeep Nailwal, co-founder & chief operating officer (COO) of Polygon stated that “We’re witnessing crypto space being gamified more than ever before, and play-to-earn economies are leading the ecosystem. The progression into gamifying financial markets seems enthralling!”

John Wu, president of AvaLabs, said “The acceleration and adoption of nonfungible token (NFT) and play to earn technologies to unlock the full potential of metaverse experiences will create more pathways to real-world use cases. We have continued to push the boundaries for DeFi — this technology will be adopted by the masses in the years to come”

CoinFantasy has raised $3.1 million from a variety of high-network individuals and venture capitalists. The detailed list includes Poolz Ventures, Signal VC, Moonwhale Ventures, Maven Capital, SL2 Capital, Halvings Capital, HG Ventures, Panda Capital, Titan Ventures, New Tribe capital, Enjinstarter, ZBS Capital, Nakheel Capital, Tsing Tech Capital, Vespertine Capital, CSP DAO, R-930 Capital, Bison.Fund and Perpetual Value Partners Limited. 

CoinFantasy also attracted a range of Angel investors including Carl the Moon, Heslin Kim, Ravindra Kumar (Frontier Wallet), Ayush Garg (UniLend Finance), Harsh Rajat (EPNS) & Yadav Jani. 

Oversubscribed for the ongoing strategic round, CoinFantasy is gamifying crypto-financial markets by merging NFTs, GameFi and P2E. Beyond Polygon and Avalanche, the list of partners includes Luna PR, Reef Chain, Frontier, Unilend, Biconomy, The Husl, Phoenix DAO, Polkalokr, Ludena, Trustpad, NFT Pad, and EnjinStarter. 

Harishkarthik Gunalan, CEO of CoinFantasy said, “We are thrilled to launch CoinFantasy with its NFT and metaverse components as users holding NFTs receive exclusive access to the metaverse. The overwhelming response to the test-net with over 20,000 user sign-ups motivates us to prepare for mainnet, IDO and more!”

CoinFantasy is the world’s first decentralized fantasy gaming platform for crypto-stock markets based on the play-to-earn model. We have created a unique ZERO loss gameplay in which users earn money just by playing the game

Coinfantasy aims to gamify crypto-stock markets through its multiple categories of games, thus acting as a layer two platform on top of the primary markets. Initially, it would be launching portfolio management fantasy gaming in which anybody can build a lineup of crypto/stocks and outsmart the opponents to win rewards. 

To know more about CoinFantasy, visit their website, Telegram, Twitter, LinkedIn and Instagram.

This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.





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