Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Zentry Secures Strategic Funding to Propel Metagame Layer Development

Zentry Secures Strategic Funding to Propel Metagame Layer Development

Cryptonews2024/05/31 09:25
By:Hongji Feng
Zentry Secures Strategic Funding to Propel Metagame Layer Development image 0

Zentry, formerly known as GuildFi, has secured funding in a strategic round to build its Metagame Layer.

According to a press release shared with Cryptonews.com, the funding round included investments from Spartan Capital, Synergis, LongHash Ventures and DWF Labs. Animoca, Binance Labs , Coinbase Ventures and Pantera Capital have previously supported the company.

Metagame Layer to Unite Gamers Across Platforms


The new funding has increased Zentry’s treasury to over $150 million, including 16,000+ ETH , positioning the company to advance the development of the Metagame Layer for future web3 gaming and social experiences.

“As we build the Metagame Layer to unite all games and experiences into one vibrant Play Economy, adding the invaluable relationships from Spartan Capital, Synergis and LongHash was a no brainer,” said Zentry founder and CEO Jarindr Thitadilaka.

“They each bring deep expertise in gaming, virtual worlds and decentralized technologies – which will be critical as we execute our empowering vision to link people’s online and IRL activity to web3’s economic incentive layers,” said Thitadilaka.

GuildFi Rebands as Zentry in April


In April, GuildFi rebranded as Zentry as a part of the relaunch. It announced to introduce a new token conversion program where holders of the original GuildFi token $GF could convert it to the new token $ZENT.

Up the rebrand, the company also announced plans to build Metagame Layer, aimed at uniting three billion gamers into a single economy, regardless of the platform used. This layer will integrate loyalty systems, gamer identities, and cross-world activities from various games and platforms.

“Gamification of everyday life will continue to be a dominant trend going forward, and we believe Zentry is well positioned to build a unique social layer that better connects the digital and physical worlds,” said Synergis Capital founder and Managing Partner Jerry Shi.

“As the network effects of Zentry’s community platform grow it has the potential to become the dominant distribution source for new games and entertainment,” stated Shi.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

SCRTUSDT now launched for futures trading and trading bots

Bitget has launched SCRTUSDT for futures trading with a maximum leverage of 75, along with support for futures trading bots, on November 21, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. SCRTUSDT-M perpetual futures: Parameters Details Listing

Bitget Announcement2024/11/21 12:07

The results of the Solana Radar hackathon have been announced, and the decentralized currency exchange platform Reflect has won the championship

This competition brings together founders and developers from over 120 countries, dedicated to building products in areas such as infrastructure, gaming, decentralized physical infrastructure networks (DePIN), DAOs, DeFi, payments, and various consumer applications.

Chaincatcher2024/11/21 12:00

Solana Hackathon TOP 3, CAI | CharacterX will launch unrestricted AI infrastructure services

In the AI era, infrastructure is like the roads and bridges of the digital world, and what we are building is a highway leading to the infinite possibilities of AI.

Chaincatcher2024/11/21 12:00