GamesPad, a fast-expanding NFT gaming and metaverse ecosystem, has received investment from Animoca Brands, a leading investor in gamification and blockchain projects.
A press release published on Thursday indicates that GamesPad plans to use the new funds to expand its ecosystem offering.
The blockchain platform, which targets helping upcoming gaming projects by democratizing early-stage funding, also seeks to aid a global adoption of crypto gaming.
According to Constantin Kogan, the co-founder of GamesPad, the partnership with industry veteran Animoca Brands is a huge step forward. He also added that the collaboration will help GamesPad offer blockchain games the value they deserve, as well as bring more investors and partners into the space.
“Since Animoca Brands is one of the leading brands and names in the gaming space, we see immense potential in our collaboration in regards to mutual investments, deal flow, support of the projects that we will incubate or launch, and much more," said Eran Elhanani, also a co-founder at GamesPad.
According to Animoca Brands executive chairman Yat Siu, the investment into GamesPad is critical to growing the play-to-earn gaming economy. The collaboration will also contribute towards building the metaverse.
The GamesPad team has over 20 years of crypto and blockchain world experience and has overseen a vast NFT, gaming and metaverse ecosystem.
Among the platform’s offerings are a game incubator, decentralized VC, NFT aggregator and marketplace, multichain launchpad, and gaming studio.