Gamepad recently had another seed round to secure more funding for their project in which they raised 2.5 million dollars and closed the round at a valuation of 25 million dollars. Two big names in the blockchain industry led the way in funding the gamepad project and their quest to disrupt the gaming industry. These companies are OKX Blockdream Ventures and Enjin.
The gamepad project is a next-generation decentralized accelerator for the metaverse era. It will provide a platform for the launching of GameFi and metaverse projects. This platform selects, nurtures, and then helps accelerate the top gamefi, guilds, and metaverse projects.
They aim to be the Ycombinator of GameFi and metaverse projects to help these projects have a good platform for funding their startup. The people at Enjin and OKX Blockdream Ventures share the vision of Gamepad and see the potential of their project hence, the big investment.
Enjin is the company responsible for Efinity which is an advanced, next-generation blockchain that was built for the purpose of NFTs and the Metaverse. The project which was built on the Polkadot Blockchain is designed to serve as an infrastructure for making the Metaverse accessible, infinitely scalable, and decentralized.
They also have another crypto project – Enjin coin which is used to infuse NFT assets. Referred to as the gold standard for digital assets, Enjin coin is a cryptocurrency built on the Ethereum Blockchain and is used to back the value of digital assets which can increase the confidence of owners in their assets and the projects that put forward these assets. NFTs that has been backed with Enjin coin can be melted back into Enjin coin whenever you want.
They provide other services like the Enjin wallet for storing and managing your cryptocurrencies and NFTs and also have a marketplace for finding, collecting, and trading rare NFTs.
The way Enjin has made far-reaching changes in the manner in which virtual goods are created and managed, they’ve proven themselves to be at the forefront of innovations in the Metaverse and NFT space. Their commitment to supporting the expansion of the Blockchain ecosystem and helping in the process of bringing the goal of decentralization into reality has led to their partnership with gamepad – a platform that has similar goals. Gamepad will be thrilled to develop a successful GameFi community with the backing from Enjin.
About OKX Blockdream Ventures
OKX Blockdream Ventures is an investment institution that is one of the subsidiaries of the well-renowned trading platform – okx.com. With an initial fund of $100 million, the direction of Blockdream Ventures is geared towards exploring the blockchain space and investing in promising, innovative blockchain projects across the world. They are also focused on facilitating sustainable development in the blockchain industry with interests in different aspects which include blockchain basic infrastructures, Layer2, DeFi, WEB3.0, NFTs, and the Metaverse.
OKX Blockdream Ventures works to share its global resources and experience with entrepreneurs with passion and big visions to develop a sustainable structural value for the blockchain industry. With the initial capital of $100 million, they are committed to helping upcoming projects and their founders to build better companies so they can bring about a positive impact in the blockchain community. One of such projects is Gamepad which has identified problems with the current launchpads and plans to solve those problems to promote the success of gamefi, metaverse, and play to earn projects that will use its platform.
The team at Gamepad.co has their sights set on ensuring that the games and metaverse projects coming through their accelerator have the greatest possible opportunity for sustainable growth and success. You can expect to see more high-caliber investors being announced by the team very soon. The current investors are excited to partner with the project and you can surely expect the same from the next set of investors