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Estonia Based Cardano Metaverse Startup raises $420,000 in a pre-seed round, moves to de-veloping Play To Earn Game

Posted: 18 Apr 2022 13:32
by Hexxler
Cardalonia, a Blockchain Strategy Game is one of the first Metaverse projects building to launch on the Cardano blockchain. Players can build, own and customize their own experiences on the Cardano Blockchain.

A metaverse is a network of 3D virtual worlds focused on social connection, facilitated by the use of virtual and augmented reality headsets and Blockchain assets that would ensure the scarcity and immutability of in game assets.

“We are on a mission to develop a creator friendly and interactive platform that will surpass al-ready existing metaverse giants like Decentraland and Sandbox which are built on the Ethereum blockchain” said Vasil Air, CTO and one of the founders of the project.

A survey from Variety Intelligence Platform found that more than 50 percent of US consumers are aware of the growing technology.

Cardalonia has announced that they have raised $420,000 thousand in pre-seed funding in January by angel investors. Cardalonia envisions to create a creator centric platform that is owned by cre-ators, developers, and a growing community of metaverse players. More than 8 investors, includ-ing blockchain players led by Hedgespur Capital took part in the round.

This pre-seed fundraising round will help the company to kick off the project, entering strategic partnerships, onboarding more developers and also bringing more enthusiasts into the Metaverse space.

About Cardalonia

Cardalonia is a virtual world where players can build, own and customize their own experiences on the Cardano Blockchain.

Unlocking creativity in the Metaverse as you can Earn, create, socialize, play, trade and so much more based on the P2E concept, meaning players will be able to explore it while they earn and spend using in-game money, called Lonia tokens.