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The Venture Codex

Scytale Ventures

Berlin, Germany

Overview

Scytale Ventures is a team of investment management experts, blockchain technology experts, and entrepreneurs. The company's blockchain provides a solution based on the principle of trustlessness, which implies people don't have to rely on third parties, individuals, or organizations.

Total investments
5
Lead investments
2
Investments · 12mo
0
Active investors
4

Sector focus

  • Cryptocurrency
  • Information Technology
  • Venture Capital
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Investment portfolio

  • Flappy Bird

    Led · Equity · Oct 2024

    The Flappy Bird Foundation is reviving the original Flappy Bird game (which first launched in May 2013 and achieved over 50 million downloads in seven months) with modern Web3 features and social gameplay. Its core product is a reimagined Flappy Bird that adds a token system called FLAP-A-TON so players can mine points through gameplay and daily logins. An early version is already available on Telegram, and the foundation plans optional advertisements, new modes and characters, and a 99-player real-time multiplayer mode across 50 obstacles. The team includes Kek, the developer credited with inspiring the original game, and is described as a blend of passionate fans and industry veterans. The foundation emphasizes community features—teams, prizes and social competition—and is targeting Telegram’s large user base as a distribution and engagement channel. Financially, the group has secured outside funding to support the revival.

  • Centrifuge

    Participated · Equity · Nov 2022

    Centrifuge builds a middleware stack for tokenization, covering token issuance, asset management and onchain composability while abstracting institutional-grade technical complexity. Its deRWA framework on Base aims to wrap institutional assets into tokens that can interact with DeFi where legally permitted. A flagship example is deSPXA, a tokenized exposure to an Anemoy S&P 500 fund created with S&P Dow Jones Indices and managed by Janus Henderson. Centrifuge has worked with clients such as Apollo, Janus Henderson and S&P Dow Jones Indices to tokenize complex assets. The company is positioned to help managers, originators, fintechs and DeFi protocols launch vaults without building infrastructure from scratch. As part of the Coinbase strategic investment and Preferred Tokenization Infrastructure designation, Centrifuge seeks to scale distribution and liquidity for tokenized assets while maintaining compliance constraints (noting offerings like deSPXA are limited to non-U.S. eligible investors under Regulation S).

  • fruitlab

    Led · Equity · Nov 2022

    Fruitlab is a blockchain-built Web3 social gaming platform offering a universal Play-to-Earn model for AAA games. The product combines a player-funded esports platform for head-to-head competitions with a content-sharing marketplace that enables creators and viewers to monetize immediately. Fruitlab operates as a plug-and-play dApp so players experience no behavioral change while rewards are updated instantly. The platform issues its own token, the PIP, which users earn and can trade in the Fruitlab Marketplace once listed. The company reports nearly 700,000 registered users across web and mobile, over 2 million videos uploaded, and more than 10 billion views. Fruitlab is headquartered in London and maintains employees worldwide.

  • Astar Network

    Participated · Equity · Jan 2022

    Astar Network is a parachain on the Polkadot network that supplies smart contract functionality which Polkadot’s relay chain does not natively support. The network offers developer incentives through its #Build2Earn protocol, paying contributors in ASTR tokens for building smart contracts and infrastructure. Astar received $22 million in strategic funding to support its planned geographical expansion. The funding round included leading crypto venture firms and a broader group of ecosystem investors, indicating continued VC interest in Polkadot-layer projects. Astar’s core product centers on enabling smart-contract developers on Polkadot and fostering on-chain developer activity via token rewards. No operating metrics (revenue/users) or prior financings were mentioned in the article.

  • Zeitgeist PM

    Participated · Seed · Nov 2021

    Zeitgeist is developing a prediction market protocol and app, aiming to be a leading prediction market ecosystem. The team prepared a Beta that used NFTs as entrance gateways and offered themed digital artwork to early supporters. Zeitgeist ran the Kusama Derby on its protocol and is set to deploy as a Kusama parachain after winning a slot auction. The project raised a 77,000 KSM crowdloan to secure the parachain slot and plans to finalize chain runtime before the public app launch. The company closed $14 million in funding and says proceeds will be used to hire talent and build infrastructure for its early 2022 launch. Advisors and strategic partners include experienced Web3 funds and figures such as Gavin Wood.

Team