, a DAO-to-DAO credit provider and cross-chain GameFi NFT lending market secured $3 million in private funding led by Animoca Brands, with additional investors including Infinity Ventures Crypto , YGG SEA, Morningstar Ventures, AXIA8, Red Building Capital, NGC Ventures, Momentum 6, BlockchainSpace and blockchain space.
The funding will help the platform maintain its position as a market leader. Kyoko will seek out strategic alliances with DAOs, guilds, and games and expand its development and marketing teams to expand its industry reach fast.
In both GameFi and the larger crypto sphere, DAOs play a critical role. DAOs are at the centre of vast groups of players and investors that pool resources and in-game assets via guilds in the GameFi sector. Guilds may amass a sizable stockpile of in-game NFTs, which have skyrocketed in value.