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HomeStartupsGameFi Startup Froyo Games raises $1.6M led by Animoca Brands

GameFi Startup Froyo Games raises $1.6M led by Animoca Brands

Froyo Games, announced that it has raised a strategic funding round led by Animoca Brands. Other participants include Spartan Group, GBV Capital, BTC12 Capital, Mirana Ventures, Avocado Guild, Hooga Gaming, Chain Capital, Genblock Capital, Icetea Labs, Gamefi, Bigcoin Capital, Gate Labs, Newman Capital and KOI Capital.

Froyo Games is a multi-chain GameFi infrastructure that enables existing gaming and esports ecosystems to transition to the open metaverse on Ethereum and Binance Smart Chain. Froyo Games is a decentralised platform that allows game developers, publishers and esports operators to collaborate and engage with the gamer community in an intuitive manner, and foster the latest Play-to-Earn gaming trend.

Froyo Games offers numerous products within its ecosystem such as an NFT launchpad, social gaming platform, Play-to-Earn games, and esports channels among various others. Froyo Games is developed and backed by experienced game developers and esports operators with successful track records of building world class gaming and esports products for the emerging open metaverse, forming communities for the broader Web3 ecosystem.

Animoca Brands is a global leader in gamification and blockchain with a large portfolio of over 100 investments in NFT-related companies and decentralized projects that are contributing to building the open metaverse.

The new funding announced today will be used to fund Froyo Games operations and product development.

“We are leading this strategic raise for Froyo Games because it aligns well with our vision to bring more gamers into the world of blockchain. Froyo Games is building a highly promising platform that incorporates extensive gaming businesses ranging from casual mobile gaming to esports, and we look forward to its growth and development.”

YAT SIU, THE EXECUTIVE CHAIRMAN AND CO-FOUNDER OF ANIMOCA BRANDS
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