According to BlockBeats, MonkeyBit, a blockchain-based social gaming platform, has successfully raised $2 million in a seed funding round. The round was led by Middle Eastern Web3 fund, 3KBTC Capital. Other participants in the funding round included Hongyi Labs among other investors.
MonkeyBit's successful funding round signifies a growing interest in blockchain-based gaming platforms. The funds raised will be utilized to further develop the platform and expand its offerings. The involvement of 3KBTC Capital, a prominent Middle Eastern Web3 fund, highlights the increasing global interest in blockchain technology and its applications in various sectors, including gaming.
Hongyi Labs, along with other investors, also participated in the funding round, demonstrating a shared belief in the potential of blockchain-based gaming platforms. The participation of these investors in the seed funding round is a testament to the potential they see in MonkeyBit and its offerings.
In conclusion, the successful seed funding round of MonkeyBit, led by 3KBTC Capital and participated by Hongyi Labs among others, indicates a promising future for blockchain-based social gaming platforms. The raised funds will be instrumental in furthering the development and expansion of MonkeyBit.