New gaming startup BAYZ recently announced a $4 million seed funding. The fund will contribute to the organization’s mission to introduce people to the metaverse and enlighten gamers about the powers of play-to-earn gaming. A portion of the funds will also be allocated to a community-controlled fund.
The leading investor in the seed funding was Yield Guild Gaming, with other investors including the likes of Ascensive Assets, Fabric Ventures, Valor Capital, Arca, and more. Multiple crypto investors also participated in the round, such as Bitkraft and Delphi Digital, as well as angel investors Sebastien Borgot (The Sandbox), Aleksander Larsen and Jeff Zirlin (Axie Infinity) and Nickev (RumbleKongs and reNFTLabs).
The self-described gaming guild was established in October 2021 by co-founders and mobile eSports veterans, João Borges and Matt Rutledge. With the meteoric rise in NFT and blockchain-based gaming, the organization has stated its intent to bring play-to-earn platforms to those who need it most, starting in Brazil.
To do this, BAYZ aims utilize technologies in content creation, competition, and eSports, through conducting investment and partnership initiatives with leading blockchain developers. In doing so, BAYZ wishes to establish its own industry-leading structure to support its eSports and other play-to-earn endeavours within the blockchain gaming ecosystem.
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