According to TechFlow, on October 9, Chainwire reported that Dragonz Lab, a British Web3 game studio, announced that it had received $9 million in financing led by Syndicate Capital Limited Partnership Fund (LPF). Dragonz Lab plans to use the funds to further develop the ecosystem of its Play-2-Earn game Dragonz Land. The game currently has more than 5.3 million monthly active users, and the financing will be used to enhance features such as PvP tournaments, strategic guild cooperation, and customer loyalty programs.
Dragonz Land combines unique NFT cards, dynamic gameplay and community engagement, where players can buy, collect, upgrade and trade cards across 16 different factions. The game is available on mobile and desktop via Telegram and leverages blockchain technology to ensure transaction security and true ownership of digital assets. Dr. Albert Yip, Chairman of Syndicate Capital LPF, said Dragonz Land represents the future of gaming and Web3, combining the success of customer loyalty programs, the excitement of GameFi, innovative blockchain technology and a successful revenue model.
