Novel gamified DeFi raises money from the likes of Polygon, OKEX and Polkastarter
- Kawaii Islands raised $2.4 million from top venture capital
- NFT and KWT staking games will be available soon
The Kauai Islands is a new ‘play to win’ ecosystem built on its core indigenous asset, KWT. Her team shares details of a recent private token sale.
Kawaii Islands raised $2.4 million from top venture capital
According to a press release shared with U.Today, the Kauai Islands, a GameFi environment, has completed a private funding round.
We are pleased to announce the official KWT Tokenomics.
More information on IDO is coming next week.
To read more about goals, presentation and customization, please read 👉🏻 https://t.co/FcARATXvNv pic.twitter.com/C5TG4XcihG
– Kawaii Islands (@kawaii_islands) September 24, 2021
A total of $2,400,000 has been raised from a range of notable investment funds, including DFG, JSquare, AU21, Rikkei Capital, SL2, Chainboost, Polygon, OKEx Blockdream Ventures, KardiaChain, Polkastarter, etc.
The tour was led by MapleBlock Capital and Signum. Vijay Garg, CEO of Mapleblock Capital, confirmed that investors were impressed by the project’s vision and the expertise of his team:
The Kauai Islands feature powerful design elements and fun mechanics inherited from the previous game series. AI-powered verification of on-chain game NFTs will open a deeper layer of engagement than traditional games.
An alpha version of Kauai will be released as soon as this month. The inaugural editions will boast basic in-game functionality so GameFi fans can test their strategies.
NFT and KWT staking games will be available soon
The Kauai Islands are among the first “Play-to-Earn” animation models to integrate in-series and off-series activities.
In this game, players can collect magical resources and gain from various economic concepts within the game.
Also, players can interact with each other; It enriches your gaming experience with an extra layer of entertainment and competitiveness.
According to the product roadmap, upcoming milestones for the Kawaii Islands will include NFT cultivation and the installation of in-game token assets KWT.