The UK-based Web3 game studio Dragonz Lab recently revealed that it has raised $9 million in funding, with the lead investor being Syndicate Capital Limited Partnership Fund (LPF), a venture fund that specializes in Web3, Blockchain, and AI investments and acts as a community builder to support the growth of the digital economy. By promoting digital property rights and the Web3 ecosystem, this strategic equity investment seeks to further the growth of Dragonz Land, a utility-driven Play-2-Earn game.
With the help of Syndicate Capital LPFs, Dragonz Lab intends to use the funds to improve the features of the game, like PvP tournaments, strategic guild alliances, and a customer loyalty program, as well as to expand the ecosystem of Dragonz Land, which currently has a base of over 5.3 million monthly active users.
Dragonz Land blends vibrant gameplay, community interaction, and exclusive NFT cards. In addition to purchasing, gathering, leveling up, and trading cards across 16 different factions, players may also earn in-game tokens by tapping and doing various tasks.
Players may purchase, gather, combine, and develop NFT cards to raise their rarity, power, and worth. With features like claiming Game Cards and NFTs, KOL/Heroes guilds, and other features, the cutting edge Web3 MTG style trading card game is integrated into a tap-to-earn experience.
Andy Chen, Representative of Co-General Partner of Syndicate Capital LPF and Board Member of Dragonz Lab stated:
“Partnering with Syndicate Capital LPF represents a huge leap forward for the Dragonz ecosystem. Being the frontier and market leader in the Web3 spaces, our expertise in building ecosystems around loyalty programs aligns with our vision to create a sustainable and engaging gaming environment. This strategic investment and synergy will bolster our game development while providing our users with innovative digital assets and digital property rights to increase user acquisition and retention in the Web3 spaces.”
The game utilizes blockchain technology for safe transactions and authentic ownership of digital assets. It is accessible on PC and mobile devices via Telegram. Since numerous tap games have failed to gain momentum, Syndicate Capital LPF is focusing on this growing sector. With this action, the Web2 frontier Asian venture capital fund becomes the first to invest in a Web3 Play-2-Earn game. Dragonz Land is distinguished by its captivating gameplay and lucrative revenue model, which includes in-game upgrades and purchases for ultimate users and owners of digital property.
Dr. Albert Yip, Chairman of Syndicate Capital Group stated:
“Dragonz Land represents the future of gaming and Web3 more broadly, combining our success in customer loyalty programs as well as the excitement of GameFi, innovative blockchain technology, and a successful revenue model. As a Web3 builder, we are thrilled to support this project, providing our expertise to boost the Dragonz ecosystem and produce synergy with our other digital loyalty programs such as Asia Top, which is one of our flagship portfolio companies of Syndicate Capital LPF .”
In the next months, the project plans to release its tokenomics and other features, demonstrating its continued dedication to expanding its user base and community involvement.
Go here to learn more about Dragonz Land, or start playing here.
