Participated · Seed · Mar 2024

Oneness (Oneness Labs) develops a Bitcoin Layer2 tailored for games. The company positions itself as a game‑intent BTC Layer2 developer. Oneness Labs announced it completed a $4 million seed financing. Participants in the round include Dubai family fund The House of Maktoum and Finewill Capital. Finewill Capital is a game fund formed jointly by Wemade and Mirana. The article did not disclose revenue, users, or other operating metrics.

Participated · Seed · Oct 2022

Shardeum is a scalable EVM-based layer-1 blockchain that deploys dynamic state sharding. Its dynamic state sharding approach keeps gas fees low and TPS high as participation grows by performing consensus at the transaction level and lowering the computational power required for validator nodes. This consensus mechanism aims to allow anyone to run a node and increase decentralization. The company intends to use the $5.4M in new funding to expand operations and accelerate development efforts. Operating metrics on the testnet as of July 7, 2023 include over 7.4 million transactions, 820K+ accounts and more than 230K contracts deployed. Shardeum raised an $18.2M seed round in October 2022 from investors including Jane Street, Big Brain Holdings, Struck Crypto, The Spartan Group, Ghaf Capital, DFG, CoinGecko Ventures and Foresight Ventures. Shardeum is a remote, EVM-based Layer 1 blockchain that implements sharding to increase transactions per second as nodes are added while retaining atomic cross-shard composability. The protocol emphasizes low gas fees forever and leverages dynamic state sharding to balance decentralization and security. Founded by Nischal Shetty and Omar Syed, the company raised $18.2M in Seed funding. Backers include Jane Street, Struck Crypto, The Spartan Group and a broad group of institutional and angel investors. The company plans to use the funds to further enhance its dynamic sharding technology, accelerate ecosystem development, and focus on product and design improvements. It will also expand research and marketing efforts and host hackathons in India and the U.S. to incentivize developers to build on the platform.

Participated · Equity · Sep 2022

Iskra operates a blockchain-based platform that helps projects launch games and conduct governance token sales. Founded in 2022, the startup previously raised a seed round of roughly 520 billion won. The company is migrating its hub chain to Coinbase’s Base mainnet and has announced a tokenomics overhaul and plans to build a layer‑3. Iskra unveiled an ISK 10 million coin airdrop tied to the Base migration and plans bimonthly governance‑token airdrops for onboarding games. It is also introducing an ActivityFi rewards system and has published an ISKRA 2.0 roadmap aimed at becoming an all‑in‑one web3 platform. The platform says it will focus on global user activation and community growth. Iskra is a web3 community game platform that uses a community‑forward system to reward stakeholders and integrate sustainable tokenomic solutions for game developers. The company says it seeks to bridge web3 adoption between early adopters and the mainstream by combining enjoyment, sustainability and blockchain technology. Iskra announced it raised $40M from Korean tech and gaming companies including Krust, Wemade, Netmarble, LINE Studio and others. It plans to hold its first Token Generation Event (TGE) on the global exchange Gate.io on Sept. 29, 2022 and is partnering with Gate.io for the launch. As part of Gate.io’s Startup program, eligible users can receive up to 500,000 ISK tokens by staking USDT beginning Sept. 28, 2022. Despite challenging market conditions, Iskra says it is continuing to advance development milestones and launch major platform components.

Participated · Seed · Sep 2022

Metaverse Magna is a gaming DAO focused on publishing mobile games in frontier markets and creating developer tools to enable web3 business models for game creators. It began as a gaming guild offering play-to-earn scholarships and has scaled to a 100,000-member-strong ecosystem that includes 2,000+ gamers, 10,000 Telegram members and 20,000 Discord members. The guild initially provided scholarships to over 1,000 gamers, with the platform pitching potential earnings of up to $1,000 monthly to users. MVM is building a social gaming app called Hyper and is working on launching 10 Web 2.0 (mostly hypercasual) games including titles such as Candy Blast, Wordler, Kong Clumb and Electron Dash. It operates as an independent organization within the broader Nestcoin ecosystem and was incubated in partnership with multistrategy blockchain investment fund Old Fashion Research (OFR). The project says its mission is to build Africa’s largest gaming DAO and to provide gamers in emerging markets access to world-class opportunities.

Participated · Series A · Jul 2022

Planetarium Labs is developing a community-driven Web3 game network that gives each game its own application-specific blockchain and empowers player governance and customizable tokenomics. Its system is built on Libplanet, an SDK that allows developers to create blockchain applications entirely within the Unity game engine. The company says games can design their own governance and tokenomics while players and communities operate decentralized networks powering each game. Planetarium raised $32 million in a Series A led by Animoca Brands to help build out its network with tools for gaming and player governance. The Libplanet technology was used in the open-source RPG Nine Chronicles, which has more than 300,000 users and backers including Animoca Brands, Binance Labs and Ubisoft. Planetarium is supporting the live-action collectible NFT RPG Stella Fantasy, has a partnership with XL Games to explore community-governed MMORPGs, and said it will reveal more game titles through partners later this quarter.