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The Venture Codex

Icetea Labs

68 Circular Road #02-01, Singapore, 049422

Overview

Icetea Platform empowers dapp developers to create and deploy their dapps on blockchain as easy as in the off-chain world and provides a lot of UX-enabling features to make dapp frictionless to the end-users.

Total investments
3
Lead investments
0
Investments · 12mo
0
Active investors
3

Sector focus

  • Consulting
  • Information Technology
  • Software
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Investment portfolio

  • Monsterra

    Participated · Equity · May 2022

    Monsterra, developed by Fizen Game Studio within the Fizen Ecosystem, is a blockchain-based NFT game that eliminates high entry fees by offering a freemium, gas-efficient play-to-earn experience. The game lets users farm land, build properties and battle with magical creatures called Mongens while leveraging a two-token model—MSTR for governance and core utility, and MAG for in-game rewards—to curb inflation and stabilize its economy. Monsterra’s design emphasizes fun through unique breeding, land-customization, and staking mechanics, differentiating it from click-to-earn competitors. The project has attracted early traction, selling 20,000 Mystery Boxes on Binance NFT Marketplace in just 10 seconds and recording a 3,000% price increase post-listing. Its 70-person team, led by gaming veteran Victor Thang, plans to grow to 100 employees to accelerate product development. The 2022 roadmap features sequential launches of farming, adventure and boss-battle modes, multi-chain support, and DAO governance. Financially, Monsterra secured a $2 million early IDO round to fund its IDO preparation and mid-May official game launch.

  • ASPO World

    Participated · Equity · Feb 2022

    ASPO World is an NFT-focused blockchain game that launched its Mainnet on February 22, 2022, and is optimized for Windows PC, MacOS, Android and iOS. The core product is a turn-based NFT card game in which players pick one of three classes (Hunter, Fighter or Witch), summon Spirits, and field a squad of 1 main champion plus 4 Spirits; a base lineup requires a minimum price of 400 ASPO Tokens and is purchasable on the project’s Marketplace. The team emphasizes play-to-earn mechanics while also investing heavily in visuals, plot and game logic to deliver tactical gameplay and entertainment. The development team has grown to about 40 people and includes members with more than 10 years of experience operating in markets such as Thailand, Indonesia, the Philippines and China. Technically, ASPO World focuses on its operating system platform and blockchain technology to improve transmission speeds, security and to reduce network congestion when player counts spike. The project reports strong token activity—CoinMarketCap recorded nearly $24 million in trading volume on the token’s first listing day—and ongoing roadmap and tokenomics commitments.

  • solice

    Participated · Seed · Dec 2021

    Solice is an open 3D VR metaverse built on the Solana blockchain that enables users to play, build, own, socialize, and monetize virtual experiences. Its core product is a cross-platform immersive VR world emphasizing user ownership and tokenized assets. The team plans a rapid expansion, onboarding veterans from the traditional gaming industry and blockchain. Solice aimed to deliver a soft launch within the next 3 to 4 months in 2021 Q1. The company also intends to allocate a portion of its total token supply to a public sale for community members, with details to be released on its official social channels. Financially, Solice closed a $4.36M seed and private sale to fund development and launch activities.

Team