PANews reported on October 9 that according to Chainwire, Dragonz Lab, a Web3 game studio from the UK, announced today that it has received a round of US$9 million in financing, led by Syndicate Capital Limited Partnership Fund (LPF). LPF is a venture fund focusing on Web3, blockchain and artificial intelligence investments. This strategic equity investment aims to promote the development of Dragonz Land, a practical Play-2-Earn game.
With the support of Syndicate Capital LPF, Dragonz Lab plans to use the funds to further develop the Dragonz Land ecosystem, which already has more than 5.3 million monthly active users, and plans to enhance the game's features such as PvP tournaments, strategic guild cooperation, and customer loyalty programs. Dragonz Land is a collectible card game where players can buy, collect, merge, and evolve NFT cards to increase their power, rarity, and value. This Web3 MTG-style collectible card game adopts a click-to-earn model, using features such as claiming game cards and NFTs, KOL/hero guilds, etc.