Vietnam blockchain GameFi startup raises US$6m funding led by Makers Fund, C² Ventures

VIETNAM-BASED gaming and decentralised finance (GameFi) startup Ancient8 on Thursday (Jun 9) announced it has bagged US$6 million in financing led by venture capital companies Makers Fund and C² Ventures.

The round saw participation from existing and new investors such as Pantera Capital, 6th Man Ventures, IOSG Ventures, Folius Ventures, Morningstar Ventures, Th3ia Capital, Sky9 Capital and Play Ventures.

Founded in July 2021, Ancient8 builds GameFi infrastructure software products for blockchain-based game development.

The startup offers scholarships to more than 3,500 recruited users, who use Ancient8’s purchased non-fungible token assets to play play-to-earn games.

It also helps GameFi studios reach out to users through its Web3-native targeted advertising.

The startup aims to use the fresh funds to build next generation software products, guild and community.

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It will also launch products that can connect top blockchain games with its global community and enable its users to experience Web3 through its platform.

Howard Xu, co-founder of Ancient8, said: “We will continue to expand our product offerings, partner with more innovative projects and games, and grow our influence and reach with a large global community.”