CoinVoice recently learned that Oak Grove Ventures announced its participation in the $4 million seed round of Web3 Game Legend of Arcadia (LOA). This round of financing attracted the participation of many well-known investment institutions including Animoca Brands, OKX Ventures, Arche Fund, Selini Capital, SNZ Capital, etc. In addition, Sebastien Borget, co-founder of The Sandbox, also joined this round of financing as an angel investor.
It is reported that LOA is a multi-chain free casual strategy card game created by Hong Kong game developer Mugen Interactive, which combines traditional game elements with the concept of Web3 GameFi 2.0. The game is scheduled to be officially released in the fourth quarter of 2024, and this financing will be used to accelerate the game development process. Oak Grove Ventures is an investment fund headquartered in Singapore, which has successfully supported more than 50 projects and 12 funds.
As a fund focusing on early-stage investments in the cryptocurrency and Web3 fields, Oak Grove Ventures is optimistic about the LOA development team's rich experience in game production. The team is composed of members from well-known Web2 game companies such as Tencent, Hero Entertainment, and Seasun, with more than 15 years of industry experience. Oak Grove Ventures 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. [Original link]
