• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Thursday, July 7, 2022
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

Elfin Kingdom Secures $5.25M in Private Funding Round Co-Led by Binance Labs and Alameda Research

by Chainwire
23 December 2021
Share on FacebookShare on Twitter

Rio de Janeiro, Brazil, 23rd December, 2021, Chainwire

The growth of the GameFi market within the crypto ecosystem has seen tremendous growth in the past year and is showing all the signs for an upward trajectory in the impending future. As such, Elfin Kingdom, one of the most promising projects in the play-to-earn space has reported a successful closure of its private and strategic sales round with a funding of $5.25 million.  

A cohort of high-caliber investors participated in this funding round led by Binance Labs, as well as strategic contributions from key players like Alameda Research, and notable guilds like Merit Circle, GGG, and Bayz.

Elfin Kingdom is a unique play-to-earn platform that seamlessly fuses the best applications of DeFi (decentralized finance) and GameFi into one gaming metaverse. 

In the Elfin Kingdom, users have the opportunity to capture Elfins on their magnificent journeys. There are multiple types of Elfins with different traits and skills, and gamers can feed, battle, and mine them to change their form and abilities in order to reach higher levels.

Bringing financial education to the masses

With a strong focus on Latin American and Southeast Asian economies, Elfin Kingdom aims to make financial education less intimidating and easier to grasp for the masses through their fun and interactive gaming model, while providing opportunities for users to supplement their incomes.

The platform is currently built on the Binance Smart Chain (BSC) network and has plans to integrate with other high throughput, low transaction fees networks such as Solana in the near future.

Says Juan Ibagon, CEO, Elfin Kingdom: “We are at an exciting stage of blockchain technology where P2E games are now providing a viable career option for millions of users across the globe. Our team is very confident that this investment round will assist us in rapidly scaling our platform and accelerating our go-to-market plans, while positively impacting the lives of people in developing economies.”

Brad Lim, Investment Director of Binance Labs, said: “Elfin Kingdom is a GameFi project with huge potential. Elfin Kingdom introduces a new form of GameFi, which is combined with DeFi; eventually, players can stake partnered DeFi project tokens within the games for extra benefits. We believe that Elfin Kingdom can bring a ‘free to play’ model to this industry.”

Elfin Kingdom plans to go live in Q1 of 2022.

About Elfin Kingdom

Elfin Kingdom is a GameFi project merging decentralized finance yield farming and non-fungible tokens with gamified elements in a play-to-earn platform that lets users collect, battle, and farm to earn more with their crypto.

In Elfin Kingdom, players choose their own roles and decide how to take advantage of all the provided opportunities. Through a built-in banking system, every role can maximize its earnings with a clever strategy.

Website | Twitter | Telegram | Discord

Contacts

Marketing Manager

  • Maria Ignacia Finol
  • Elfin Kingdom
  • info@elfinkingdom.com
Previous Post

Binance to implement automatic burn mechanism for BNB

Next Post

Animoca Brands pays $3M to buy Star Atlas’ NFT Spaceships

Chainwire

Chainwire

Related Posts

Understanding the Tokenomics of ZNT: DeFi protocol Zenith’s official token

Understanding the Tokenomics of ZNT: DeFi protocol Zenith’s official token

by Anjali Sriniwasan
1 July 2022

Zenith, a decentralized lending protocol incubated by Gringotts Labs and powered by Cube Network, is finally listing its ZNT token...

Huobi Incubator kicks off Web3 Hackathon to foster next generation of Web3 start-ups

Huobi Incubator kicks off Web3 Hackathon to foster next generation of Web3 start-ups

by Anjali Sriniwasan
28 June 2022

Huobi Incubator, the project incubation arm of Huobi Global, and its affiliated Web3Scholarship platform, today announced the kick-off of the...

Huobi Incubator concludes BeWater DevCon 2022 encouraging dialogue amongst developer communities

Huobi Incubator concludes BeWater DevCon 2022 encouraging dialogue amongst developer communities

by Anjali Sriniwasan
24 June 2022

Huobi Incubator co-hosted and sponsored BeWater DevCon 2022, in partnership with BeWater, a hardcore developer community. Held in the San...

No Result
View All Result

Recent Posts

  • Understanding the Tokenomics of ZNT: DeFi protocol Zenith’s official token
  • Huobi Incubator kicks off Web3 Hackathon to foster next generation of Web3 start-ups
  • Huobi Incubator concludes BeWater DevCon 2022 encouraging dialogue amongst developer communities
  • Huobi Global and PrimeEarn provide one of the best experiences and profits
  • Sharknado Co-Creator and Snowpiercer Producer Launch New Token $FLIX to Revolutionize Indie Film
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News