LOS ANGELES, CA / ACCESSWIRE / September 3, 2021 / Element.Black, a blockchain crypto game startup that connects Gaming and NFT, announced this morning that it has closed an oversubscribed seed round. This seed round funding will provide the Element.Black project with resources to scale its human capital to provide a better GameFi, or “play-to-earn” experience for its users.
JKL Capital, the leading performer in digital asset investing, SMO Capital, an Asia-based venture capital firm, and private investors from Japan and Hong Kong led the round.
The startup develops NFT-based games that provides a unique and innovative “play-to-earn” experience and an opportunity for users to create artworks and to build a NFT gaming community.
While there are major speculation and headlines regarding the downfall of NFT sales within various market place, Element.Black sees a very bright future on the integration of NFT and Gaming. Pixel Infinity, the upcoming game by Element.Black, will allow users to collaboratively create memorable and collectible artworks in the form of NFTs, and earn tokens and other valuable rewards related to the gaming and entertainment experiences.
What is GameFi?
GameFi refers to the intersection between blockchain based gaming and decentralized finance. With the success of recent gaming projects, the world of GameFi has flipped conventional gaming on its head. Instead of getting drained financially by playing video games, users have an opportunity to earn profitable rewards while playing. Axie Infinity, the unequivocal crown holder in this “play-to-earn” space has its gaming token AXS surging 600% in just one month, from $5.66 in the beginning of July to above $50 by the 27th of the same month.
About Element.Black
Element.Black is a startup company that aims to provide a gaming platform with the use of NFTs and blockchain technology. Element.Black strives to develop NFT-based games through collaboration with different IP holders and revolutionizing the use of NFTs on gaming rather than digital collectibles and artwork.
About JKL Capital
Founded in 2018, JKL Capital is a quantitative hedge fund manager focused exclusively on trading digital assets and blockchain technologies with its Investment program focused on top 30 cryptocurrencies by global volume. As of December 31, 2020, JKL Capital manages US$150 million in blockchain-related assets.
About SMO Capital
SMO Capital is an Asia-based venture capital firm specializing in small- to mid-cap crypto project launches. With experience of almost ten years in blockchain technologies and partners across Asia, Europe and US, SMO Capital takes an active role in building businesses. SMO’s recent focus has been on infrastructure, DeFi and NFT companies in Greater Bay Area and beyond.
For further information, please contact [email protected].
SOURCE: Element.Black
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