DeFi Land raises $4.1M to launch decentralized finance game on Solana
Decentralized finance and gaming represent two of the biggest trends within the cryptocurrency and blockchain industries. Blockchain gamification platform DeFi Land has secured $4.1 million in investments to launch a new decentralized finance game on Solana, further highlighting the growing ecosystem surrounding SOL. The investment round had participation from over 40 investors, including some of the biggest names in blockchain venture capital. Animoca Brands, Alameda Research, Jump Capital, NGC Ventures, Solana Foundation and Gate.io were among the major investors involved. DeFi Land....
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DeFi Land, the agriculture-simulation game that won recognition in Solana’s summer hackathon, is inviting GameFi enthusiasts to put the platform through its paces. The launch of DeFi Land for public testing – on December 22 at 4 pm UTC – follows an intensive six-week period of behind-closed-doors testing involving 3,000 verified users, a third of whom were active daily. Ahead of the game’s full launch in Q1 of next year, DeFi Land’s developers are eager to let the public experience all that the ecosystem has to offer. An all-in-one amalgam of DeFi, gaming, NFTs and metaverse, the colourful....
Solana Ventures has revealed the launch of a $100 million fund dedicated to Web3 startups in South Korea. According to Solana Labs’ general manager Johnny Lee, the capital will be dedicated to non-fungible tokens (NFTs), decentralized finance (defi), and game finance (gamefi) development.
Solana Ventures Reveals $100 Million Web3 Fund Dedicated to Finding Talent and Innovative Startups in South Korea
Proponents behind the smart contract protocol Solana plan to expand into South Korea by offering a Web3 fund worth $100 million to startups and developers creating Web3....
Many blockchains try to build momentum in the play-to-earn gaming vertical. Thanks to its high throughput and low fees, Solana makes for an excellent candidate. Several popular games have already been built on this network and have successfully grown their communities. DeFi Land DeFi Land has become one of the most popular Solana-based blockchain games. Players can choose various gameplay types, enabling a more immersive gaming experience on the Solana blockchain. Moreover, the agriculture-oriented gameplay – involving fishing, shooting, farming, crafting, etc. – is an....
Gaming is on track to boost the adoption of DeFi platforms. Here is a look at the latest developments that are pushing the play-to-earn business model. The past few months have seen decentralized finance (DeFi) platforms gain a cult-like following on the backdrop of a bullish cryptocurrency market. That revolution of digital money is now moving into the gaming industry, creating an intersection between DeFi and the gaming experience that experts now predict will play a huge role in the next generation of games. DeFi-focused tokens such as Polkadot (DOT), Solana (SOL) and Chainlink (INK),....
Solana co-founder Anatoly Yakovenko noted that the integration will be beneficial to DeFi developers building on the platform. Blockchain oracle platform Chainlink has announced the launch of its price feeds on the Solana blockchain. The integration allows decentralized finance (DeFi) developers to use the feeds within their decentralized applications (DApps). In an announcement sent to Cointelegraph, the blockchain oracle platform notes that upon launch, seven price feeds will be available to Solana developers, including BTC/USD, ETH/USD and USDC/USD. At the later stages of the....