Market Prediction dApp PlotX Receives $5M in Seed Funding » CryptoNinjas


drawing, a Prediction-based GameFi market ecosystem based on Polygon Users are rewarded hourly for predicting the outcome of real-world events, announcing that the project has raised $5 million in pre-Series A funding led by Polygon Studios and Hashed.

The round has attracted prominent investors including Polygon Studios, Hashed, Animoca Brands, Alpha Wave Global (formerly Falcon Edge), as well as Sandeep Nailwal (Polygon co-founder) and Alan Howard (Brevan Howard co-founder) ), including the participation of the Angels of Power in asset management).

Since its inception, the PlotX community has grown to over 83,000 on-chain verifiable paying users, a 144% month-on-month growth rate. In addition, over the past seven months, PlotX’s GMV has exceeded $4.1 million, an increase of 59% month-over-month. The PlotX team also reported that 70% of this GMV came from retail users. Additionally, 21,555 people have become token holders.

Near-term roadmap for PlotX

  • PlotX Play2Earn: The Play2Earn variant is introduced to complement the current Predict2Win game. This will provide users with the opportunity to convert time into money and create a sustainable economy for the PlotX gaming ecosystem.
  • New features: In the next few releases, DrawingX Several core game features will be introduced, such as PvP battles, avatars, NFTs with special abilities, leaderboards, user upgrade system, daily/weekly missions, and more.
  • Staking Plan: PlotX will launch a new staking program to reward the community with bPLOT and MATIC tokens.

Investor Commentary

Sandeep Nailwal, Co-Founder of Polygon:
“PlotX has found the Holy Grail of Product-Market-Fit. I have seen their journey in the crypto ecosystem since 2017 and it has been amazing to see the growth of PlotX. We support PlotX as India’s Axie Infinity, powered by Polygon Provide support and we are happy to work with the team!”

Xiao Yi, co-founder and executive chairman of Animoca Brands:
“PlotX has been building the infrastructure for scalable, skill-based Web 3.0 games, and its embedded wallet, meta-transaction relayer, and solid core game loop already provide a solid user experience. We’re excited to support the team in making it a reality A vision for the most sustainable GameFi ecosystem in emerging economies.”



Source link

You May Also Like

Leave a Reply

Your email address will not be published.