DeFi Land, a gamified DeFi platform, completed its first funding round, which amounted to $4.1 million. DeFi becomes more accessible and appealing through the concept of gamifying investment action. According to a press release of the company, the main goal of the multi-chain agriculture simulation web game is to take DeFi mainstream. It creates educational, intuitive solutions for people exploring alternatives by gamifying all aspects of traditional DeFi protocols.
Support from over 40 investors
The $4.1 million funding round was supported by over 40 investors, including renowned market players like Animoca Brands, Alameda, Jump Capital, NGC Ventures, Solana (SOL/USD) Foundation, and Gate.io. Such great support from investors confirms the feasibility of DeFi Land’s goals.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
Alameda VC Brian Lee said:
“DeFi Land is an incredible blend of the two most interesting things happening in crypto right now – gaming and DeFi. We believe that DeFi Land can be a real game-changer in getting casual gamers and the crypto retails into DeFi”.
Introducing NFTs and the play-to-earn model
The platform will not only support non-fungible tokens (NFTs), a wildly lucrative and dynamic market, but also usher in a play-to-earn model involving tasks, achievements, battles, and other solutions to earn income. The NFTs added will offer token holders many advantages. In the ecosystem, every token represents a game object, including buildings, trees, and other farm-related objects. These gamified items offer new possibilities of lending or borrowing money and providing liquidity.
For example, the SolananaMonkeyBusiness NFT generates monkeys in the game environment, which players can interact with. This brings an additional layer of interoperability and interactivity.
Finalizing integration with Raydium and Serum
DeFi Land is finalizing its integration with Serum and Raydium. The NFT marketplace and the platform’s beta version will go live in the last quarter of this year. What’s more, further blockchains will be added in the months to come, including Ethereum (ETH/USD) and Binance Smart Chain (BNB/USD).
Practice mode for retail users
On a final note, DeFi Land will allow retail users to play in “educational mode”, improving their ability to gain insight into the gamified environment. They will also enhance the overall interface to make onboarding easier.
67% of retail CFD accounts lose money