Ancient8 has raised $6 million to accelerate the development of its GameFi infrastructure.
Ancient8 has raised $6 million in a private token sale led by Makers Fund and C² Ventures, according to a statement on Thursday. New and existing backers including Pantera Capital, 6th Man Ventures, IOSG Ventures, Folius Ventures, Morningstar Ventures, Th3ia Capital, Sky9 Capital and Play Ventures also participated. The company didn't disclose the valuation the latest funding gives it.
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Ultimately, Ancient8 raised the $6 million at the original valuation it had sought, according to one person with knowledge of the deal.Founded less than a year ago, Ancient8 builds software for GameFi operations. It helps studios home in on promising gamers and target them with"web3-native" ads. Gamers themselves can use Ancient8’s technology to burnish their profiles, showcase achievements, and so on.