Crypto Gaming Startup Kandle Raises $1.7 Million From Saama, Others
07/25/23, 9:13 AM
Location
singaporeMoney raised
$1.7 million
Round Type
seed
Singapore-based crypto fantasy GameFi project Kandle has raised $1.7 million in a seed funding round led by Saama. PointOne Capital, Cloud Capital, Good Capital, Founder’s Room, Seeders Fund, and CoinDCX CEO Sumit Gupta also participated in the round.GameFi is a fusion of blockchain technology, gaming and decentralised finance, and allows players to earn cryptocurrency and NFTs by playing games on the network. GameFi also allows the transfer of gaming items from the virtual world, enabling trade on NFT marketplaces and crypto exchanges.Kandle offers fantasy games using crypto coins, where players compete to win rewards. The web3 startup, which already has a presence in Southeast Asian nations such as Indonesia and Vietnam, as well as fast growing markets such as Nigeria and India, plans to expand its footprint across Asia and North America
Company Info
Location
singapore
Additional Info
Kandle is making crypto trading fun again for your average degen and newbie of the world.
More than 95% asset traders end up in losses in an average year majorly because trading is more like off-track horse betting where you don't know what you don't know.
Not everyone is as technical to read price charts and candlesticks. Not everyone has the patience or interest to go beyond surface level trading skills and hence they continue to lose money to the market.
You can’t play against the market but you can play with the market.
With Kandle, one can play Crypto Fantasy Leagues and Play-2-Earn games to make better gains every day, compared to what one would make from trading.
Bringing soon for Stocks, Forex, Commodities.
Backed by VCs ~ Saama Capital, PointOne Capital, Amplify, Cloud Capital, Good Capital et. al.