Dragonz Lab, a UK-based Web3 gaming studio, announced today a $9 million funding round led by Syndicate Capital Limited Partnership Fund (LPF). This strategic investment aims to expand Dragonz Land blockchain and AI-driven projects in the digital economy. This funding is a new milestone for Dragonz Labs in terms of enhancing the ‘Dragonz Land’ Ecosystem and its services to serve the gaming community in a better way.
Syndicate Capital Funds to Boost Dragonz Land Ecosystem
The investment will enhance Dragonz Land, a Play-2-Earn game with 5.3 million monthly users. The funds will further develop features such as PvP tournaments, strategic guilds, and a customer loyalty program. Syndicate Capital LPF’s backing will help Dragonz Lab scale its community engagement and drive innovations in the game’s ecosystem.
Dragonz Land offers a unique blend of trading card gameplay and NFTs. Players can buy, trade, and level up cards across 16 factions, earning in-game tokens through various activities. The game is available on mobile and desktop via Telegram, integrating blockchain for secure transactions and digital ownership.
Andy Chen, Co-General Partner at Syndicate Capital LPF, highlighted the importance of the collaboration, stating that their expertise in building loyalty programs aligns with Dragonz Lab’s vision for creating a sustainable gaming environment. The investment will support the development of digital assets and property rights, aiming to enhance user engagement as he stated,
“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.”
Focusing on the Tap Game Market
Syndicate Capital LPF’s investment reflects a broader strategy to capitalize on the tap game market, where many titles have struggled. With this investment, Dragonz Lab aims to stand out with engaging gameplay and a robust revenue model through in-game purchases and upgrades.
Dragonz Land will unveil its tokenomics and additional features in the coming months, reinforcing its commitment to growing the user base and community engagement. Syndicate Capital LPF plans to bring its expertise to boost Dragonz Lab’s growth further and integrate it with its existing digital programs.