Singapore based Play-to-Earn (P2E) game Nayn Heroes, tweeted that it raised $7.5 million in a strategic investment round. Joel Madden, A$AP Lou, Arnold Poernomo, DataDash, CryptoLark, CAGYJAN, Sol Legend, and Koroush were the angel investors in the round.
The Solana blockchain based AAA Free-to-Play game is now at a valuation of $100 million after this round. These funds will be used for the expansion of the firm’s workforce, community outreach and also for the development of the game.
Nayn Heroes is a AAA battle royale shooter which features cute cats in deadly robots. The game is a unique project which focuses on creating a mesmerizing gameplay experience, as well as a viable play-to-earn economic model. The game is expected to be released by the end of 2022.
Also read: P2E game Crabada to launch on swimmer network.
Other participants in the round were Kosmos Ventures, Sino Global Capital, Shima Capital, and Petrock Capital. Additional investors also include Morningstar Ventures, 32-bit Ventures, Crypto.com, Master Ventures,Tess Ventures, Ancient8, Drops Ventures, Andromeda Capital, Salad Ventures, Moonchain Capital and Snackclub.
“Sustainable P2E game economy is a buzz word of 2022, but the team at Nayn Heroes pioneered this concept almost a year ago. Cute cats piloting deadly mechs-it’s for sure going to be a fun and solid play!” said Kosmos Ventures’ partner Vladimir Velmeshev.
P2E games are gradually becoming a choice for many people to earn some quick money. Investors are grabbing every opportunity to stay ahead in the market to earn profit. Recently, Ola GG raised a whopping $8 million in a funding round. This hints that P2E has a flourishing future.
