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KlayCIty raises $3.75M in seed and private funding round Led by Krust and Animoca Brands
Nation Now TV March 23, 2022
- KlayCity raises funds at a FDV (fully diluted marketcap) of $35 million
- The funding to be used to hire talented workforce, support B2B marketing and revamp of existing platform for a better user experience
- KlayCity is a pioneer in LandFi metaverse
New Delhi/Seoul, March 23, 2022 – KlayCity raised $3.75 million through token sale allocation led by Krust and Animoca Brands, with participation from Naver Z, FriendsGames, A&T Capital, OKX Blockdream Ventures, Genesis Block Ventures, Kyros Ventures, ROK Capital, StableNode, PlayDapp, HG Ventures, Eric Zoo from Exnetwork Capital, Kwon Do and others. KlayCity is building the future of the mirrored virtual world and expanding its presence to the global market and bringing its LandFi metaverse to crypto enthusiasts over the world.
KlayCity is a LandFi metaverse based in the year 2080 on a replicated earth. Built on the Klaytn Network, players utilize NFTs, $LAY tokens and $ORB tokens and participate in various activities including scavenging, exploring, and leveling. The company also has a grand plan to develop IP business in various fields based on KlayCity’s original story.
Commenting on the development, Jake Choi, CEO of KlayCity, said “With this capital from our strategic investors and partners, KlayCity will continue to build the virtual world with Land NFTs to allow users to come across a whole different experience in crypto space. We are delighted to find a likeminded partner in our investors and hope to use strategic advice from the investor team for the global expansion of the company.”
Commenting on the development, Dora Yue, Founder of OKX Blockdream Ventures said “2021 is known as the first year of the Metaverse. In 2022, the expansion of the metaverse is accelerating. Ideally, the metaverse allows users to carry out any experience or activity, so there are many application scenarios, such as virtual office platforms, virtual shopping malls, virtual real estates and more. What is lacking in the real world can be filled by techniques in the virtual world. With the successive explosions of basic components, NFTs and GameFi, the accelerated landing of the metaverse is approaching infinitely possible. Klaycity is a key player in the Landfi metaverse space and we saw a great potential and passion in the team. Our GameFi portfolio is growing at a fast pace and our investment in Klaycity is a part of our continued efforts to support the growth of Metaverse around the world”.
KlayCity has successfully finished its Land NFT presale on Feb 10 at the price of 500 KLAY for each NFTs. While being actively traded in OpenSea, District #684 hit the highest price of 120,000 KLAY on 11 Mar. It was 240 times of the initial minting price – 500 KLAY, which reflects the deep interest from the investors and industry to the project.
Funding to be used to expand the KlayCity’s reach to wide range of users overseas, as well as to enlarge the KlayCity Metaverse into various fields from the LandFi to the B2B Marketing, Entertainment, etc.
KlayCity offers a brand-new experience into the LandFi metaverse across the globe. Their new features will be revealed soon within the first half of 2022.
KlayCity is a P2E virtual world where district NFT owners can govern, explore and earn while enjoying the gaming experience. Built on Klaytn, KlayCity is focused on LandFi and NFT into a single ecosystem.
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