Zentry, an innovative gaming platform that breaks away from traditional DAO structures, has announced a new development. The platform has officially kicked off a strategic funding round with the support of DWFLabs, Synergis, LongHash Ventures, and The Spartan Group, as well as various angel investors. The company shared this exciting news on its official X account.
Great job, team! We can’t wait to see your achievements in the gaming and SocialFi realms
https://t.co/0mehEuk8Hc
— DWF Labs (@DWFLabs)
May 30, 2024
Zentry Embarks on a Unique Strategic Funding Round
Through a series of posts, the company has provided key insights into this new venture. It expressed its enthusiasm for the start of the strategic funding round, highlighting the growing confidence in its vision. Additionally, the company emphasized that this move validates its commitment to progress.
Furthermore, Zentry unveiled the names of new collaborators who have joined as investors. These include SkyVision Capital, Arche Fund, Dapper Labs, Play Ventures, Vessel Capital, Animoca Brands, Defiance Capital, Hashed Capital, Pantera Capital, Coinbase Ventures, and Binance Labs. The addition of these entities as investors further solidifies the company’s position and provides additional support.
In a separate post, the company also mentioned the involvement of numerous angel investors in this strategic partnership. Notable angel investors include APG Capital, Spirit DAO, Konger, Grail, dingaling, Loopify, Soby, ZAGA BOND, and Seedphrase, with The Mirza, Char Memecoin, and 9GAGCEO among others, led by Awawat.
Zentry clarified that its goal is to merge SocialFi and gaming, a vision that has garnered significant attention in the market. The platform’s unique approach sets it apart and boosts investor confidence. With the backing of the aforementioned investors, Zentry is leveraging extensive networks across Web3 and Web2 games.
The Initiative Aims to Bridge the Gap between Digital and Physical Realms
The company is also leveraging ecosystems and consumer brands to accelerate its growth and development. Zentry’s Play economy is transforming the gaming experience by providing lifelong value through The Metagame Layer. The platform’s innovative model creates a bridge between the digital and physical worlds, offering cutting-edge opportunities for both publishers and gamers.
With a substantial treasury of up to $150 million, Zentry aims to lead the new era of SocialFi and gaming. Together with its partners, Zentry is focused on driving widespread adoption and revolutionizing the industry.