According to Foresight News, Oak Grove Ventures announced that it participated in the $4 million seed round of financing for Web3 Game (Legend of Arcadia). Other well-known institutions participating in this round of financing include Animoca Brands, OKX Ventures, Arche Fund, Selini Capital, SNZ Capital, etc.

LOA is a multi-chain free-to-play casual strategy card game created by Hong Kong game developer Mugen Interactive. It is scheduled to be officially released in the fourth quarter of 2024. This round of financing will be used to accelerate the game development process. As a fund focusing on early-stage investments in the fields of cryptocurrency and Web3, Oak Grove Ventures is optimistic about the LOA development team's rich experience in game production and will use its investment experience and resource network in the Web3 field to assist LOA in accelerating its development and promote its promotion and adoption around the world.

Oak Grove Ventures is a Singapore-based investment fund that has successfully supported more than 50 projects and 12 funds.