Despite the bear market, Iskra added new investors who bought its pioneering NFT, bringing its total raised to over $40 million
SINGAPORE, Aug. 01, 2022 (GLOBE NEWSWIRE) — ISKRA, one of the most popular Web3 game publishing and community platforms, announces that it has secured additional investment from ROK Capital, Joycity, 111%, LINE Studio , Redice and KOSPI-listed Netmarble. This group of 6 new investors collectively invested in ISKRA by purchasing the recently released Pioneer NFT node operator class. This investment follows its recent investment led by some of Korea’s largest technology companies, bringing the total seed capital raised to date to over US$40 million.
“This investment is the perfect definition of smart money. Each of the companies is one of the best players in its category. company like Redice, we can also be eager to show off our platform’s ability to work with other engaging content like webtoons as well,” said Eugene Lee, CEO of ISKRA.
ISKRA is trying to re-establish fun as the primary driver of gaming experiences on the Web3. Current P2E games have dominated with a grinding model where collecting loot boxes or day-trading has become the only goal. To this end, ISKRA’s platform champions the concept of “play and win” where virtual objects related to tokens and NFTs serve as tools that build the community experience as opposed to the ultimate goal.
“Blockchain gaming is the next frontier for gaming and the ISKRA Web3 gaming community platform sits at that intersection. LINE Studio is excited to invest in ISKRA’s platform and share the vision of Play- And-Earn as the next evolution of Play-to-Earn,” said Jeong Weon Lee, CEO of LINE Studio.
“REDICE sees ISKRA as having the same potential that we had before gaining status. More importantly, we see the ISKRA platform and its potential audience as the perfect expansion of our core webtoon business.”
About LINE Studio
LINE Studio has developed many of LINE’s most popular games, including LINE Rangers, LINE Magic Coin, LINE Chef, LINE Bubble, and LINE Bubble 2. Working across all kinds of genres, we create games that top the charts and which are appreciated in Japan, in Taiwan. , Thailand and all over the world.
REDICE is a comics, webtoons and animation production and distribution company, well known worldwide for its global title,
About Netmarble Corporation
Established in Korea in 2000, Netmarble Corporation is a leading developer and publisher pushing the boundaries of the mobile gaming experience with highly innovative games including Seven Knights 2, Ni no Kuni: Cross Worlds, MARVEL Future Revolution, Lineage 2 : Revolution, The Seven Deadly Sins: Grand Cross, Blade & Soul Revolution and MARVEL Future Fight. As the parent company of Kabam and SpinX Games, and major shareholder of Jam City and HYBE (formerly Big Hit Entertainment), Netmarble strives to entertain audiences around the world with a variety of mobile games based on its powerful franchises and collaborations with intellectual property owners. worldwide. More information can be found at http://company.netmarble.com
ISKRA ( https://www.ISKRA.world ) is the future of gaming. The company is backed by some of Korea’s biggest technology and gaming companies. ISKRA’s community system aligns the interests of the community by rewarding its stakeholders based on their participation, while integrating sustainable tokenomic solutions for game developers who join its platform. The company seeks to bridge the web3 adoption gap between early adopters and the mainstream by combining fun, sustainability, and the latest in blockchain technology.
Contact: Ben Colayco, Global Managing Director
Email: [email protected]
Address: ISKRA Pte. Ltd., 24 Raffles Place, #17-04 Clifford Centre, Singapore 048621
THE SOURCE: ISKRA