PlayZap Games secures seed investment led by KuCoin Labs

Singapore-based Web 3 Gaming platform, PlayZap Games is happy to announce seed funding from KuCoin Labs!

PlayZap Games aims to bring skill-based multiplayer competitive games that are fun, engaging easy to learn and hard to master for players. The platform offers multiple play-to-earn games under a single platform coming in the form of a mobile and desktop app in which players will be rewarded based on their skill level and playtime.

Playzap´s gaming platform includes mobile esports-styled competitive games paired with fungible token economy, NFTs, and blockchain wallet support, with all the live operations and publishing capabilities of the Web3 market. PlayZap will release the first iteration of their app with 10+ of their competitive casual games on the Appstore, GooglePlay and all web desktop platforms.

This first round of investment will primarily be used for the subsequent development of the gaming platform, mobile & desktop version, for the expansion of new game IPs, new partner onboardings, and to stimulate a wider marketing reach as well as to expand its impact in the GameFi ecosystem. The trust from prominent investors, including KuCoin Labs solidifies our vision to simplify play-to-earn gaming and bring it to the wider audience.

We see a massive opportunity in bringing a high-quality playing experience that can be enjoyed by mainstream casual gamers with a sustainable token economy & ownership. ¨Said CEO & Cofounder, Abhishek Buchvani¨. We are super thrilled and privileged to collaborate with KuCoin Labs as a strategic partner who believed in our team and vision since the start of our journey. ¨

“KuCoin Labs believes that the gaming will be the gateway to the crypto mass adoption. PlayZap has provided a good opportunity for traditional web2.0 players to transit to crypto gaming easily with a leisure focus. The entire team has solid experience in web2.0 gaming with strong track records, which can be leveraged to power up the PlayZap’s ecosystem.” Said Lou Yu, head of KuCoin Labs.

ABOUT KUCOIN

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in the Republic of  Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets, and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 20 million users spread across 207 countries and regions. In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion.

ABOUT KUCOIN LABS

Since its launch in May 2018, the KuCoin investment and incubation program has brought together a group of crypto experts for in-depth market research, analysis, investment, and incubation in the crypto industry. KuCoin Labs has diversified investments into early-stage projects to help project owners achieve sustainable growth and success in the decentralized world.

ABOUT PLAYZAP

Playzap is a play-to-earn community-driven gaming platform where players can compete on proven and highly engaging skill-based competitive games & win native crypto tokens.

PlayZap is a 360-degree gamified Defi NFT ecosystem, aimed to bridge the gap between blockchain gaming and the mainstream market while connecting the players directly with their favorite games. PlayZap offers a complete suite of products, with its own marketplace, metaverse, wallet, and infrastructural support feeding directly into the betterment of the P2E ecosphere, bringing it closer to the quality levels achieved by already established IPs.

PlayZap´s vision is to bring skill-based competitive gaming to mainstream players by offering a secure environment, digital ownership, and a fun gaming experience.

For more information, visit: https://www.playzap.games/
For more update and announcement Twitter, Telegram Announcement, Telegram Group, Discord, Linkedin

For more information, please contact:
Harsh Buchwani | 68, Circular road, Singapore | [email protected]