Sega

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KuCoin Ventures has backed blockchain game development firm Crystal Fun in an effort to further decentralize gaming platforms. 
In a <a href="https://uk.finance.yahoo.com/news/kucoin-ventures-announces-strategic-investment-042000958.html" target="_blank" rel="noopener">press release</a> on Feb. 20, <a href="https://crypto.news/tag/kucoin/" target="_blank" rel="noreferrer noopener">KuCoin</a>‘s investment arm, KuCoin Ventures, said the “strategic investment” underscores its confidence in the potential of “web3 gaming to reshape the entertainment landscape.” In total, Crystal Fun secured $5 million in seed funding, with contributions from Actoz Soft, Waterdrip Capital, ælf Blockchain, and other investors. 
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 Exciting News! <a href="https://twitter.com/hashtag/CrystalFun?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#CrystalFun</a> secured $5M seed funding. Top backers include <a href="https://twitter.com/KuCoinVentures?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@KuCoinVentures</a> Actoz Soft <a href="https://twitter.com/waterdripfund?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@waterdripfund</a> <a href="https://twitter.com/comma3vc?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@comma3vc</a> <a href="https://twitter.com/StratifiedCap?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@StratifiedCap</a> <a href="https://twitter.com/Cypher9Ventures?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@Cypher9Ventures</a> <a href="https://twitter.com/aelfblockchain?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@aelfblockchain</a> <a href="https://twitter.com/GuaTianGuaTian?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@GuaTianGuaTian</a> <a href="https://twitter.com/MasverseHub?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@MasverseHub</a>. It fuels building high-quality games and sustainable economy. <a href="https://twitter.com/hashtag/GameFi?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#GameFi</a>. <a href="https://t.co/9qbsrMj0kH" target="_blank">pic.twitter.com/9qbsrMj0kH</a>— Crystal Fun (@playCrystalFun) <a href="https://twitter.com/playCrystalFun/status/1759798098975678875?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 20, 2024</a>
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 You might also like: <a href="https://crypto.news/segas-new-game-plan-blockchain-ventures-sales-dip/"> Sega changes game plan, embraces blockchain ventures after sales dip </a> 
Crystal Fun has developed four <a href="https://crypto.news/tag/blockchain-game/" target="_blank" rel="noreferrer noopener">blockchain games</a> to date: Endless War, STARFALL2312, Survivor, and OUTER, the latter of which recently completed its initial testing phase. While the specific allocation of the funds remains unclear, it’s understood that the funding will support the company’s efforts to launch games on its proprietary gaming platform throughout the year. 
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 “This investment aligns with our commitment to fostering innovation in the blockchain space and we are excited to be part of the next evolution in gaming.” 
 Lou Yu, head of KuCoin Ventures 
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For KuCoin, this appears to be the second deal in February, as earlier this month the venture branch <a href="https://www.kucoin.com/blog/kucoin-ventures-announces-straregic-investment-in-ta-da" target="_blank" rel="noreferrer noopener">announced</a> another “strategic investment” in Ta-da, a platform that is gathering and verifying data to train artificial intelligence. However, financial details regarding Ta-da’s funding were not disclosed. 
 Read more: <a href="https://crypto.news/hong-kongs-game-developer-linekong-interactive-to-buy-up-to-6m-in-crypto/"> Hong Kong’s game developer Linekong Interactive to buy up to $6m in crypto </a>

Blockchain game developer Crystal Fun raises $5m from KuCoin and others

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