StarSharks Raises $4.8 Million in Private Round to Disrupt Siloed GameFi NFT Assets
StarSharks aims to build the world’s first shark metaverse focused on building and sharing experiences with other players. The project secured $5.8 million in private funding and has the backing of Binance Labs through a strategic investment.
StarSharks attracts much attention from prominent investors and VCs in the blockchain world. Its community-driven gaming approach to building the shark metaverse strikes a chord with many contributors. More importantly, StarSharks is positioned to disrupt GameFi through seamless transfers of NFTs from one game to another across the StarSharks metaverse.
The vision by the SharkSharks team attracted $4.8 million in private funding from dozens of industry-renowned investors. Contributors include Basics Capital, Binance Labs, DAO Maker, ICO Drops, KuCoin Labs, MarketAcross, Redline Dao, Vendetta Capital, Infinity Ventures Crypto, and many others. Such outspoken support by industry veterans confirms there is a demand for cross-game NFT and in-game asset support.
Additionally, StarSharks secured a strategic investment from Binance Labs prior to this private funding round. The game resides on the Binance Smart Chain and is founded by former Binance, Google, and Timi Studio founders. Leveraging Binance Smart Chain will help the team disrupt the GameFi landscape and overcome the hurdle of isolated in-game assets within their native environment.
StarSharks CEO Franky comments:
“StarSharks is dedicated to developing a state-of-art blockchain game platform, with the goal of sharing and maximizing the value of creativity through co-creation. We are grateful to be supported by over 30 prestigious institutional investors and communities who believe in StarSharks’ vision, and we look forward to building the game platform of the next generation together.”
One crucial aspect of StarSharks is how users can access the metaverse in different ways. They can buy an NFT or rent one through the native leasing feature. Rent-to-play is a novel concept in the GameFi world and introduces full utilization and liquidity of NFT assets. Moreover, it creates ways for NFT holders to help others experience the metaverse if they do not have sufficient capital.
StarSharks (SSS) is a community-driven game platform where players, developers, and investors could define the value evolution of underlying NFTs in a sustainable ecosystem. This project aims to cultivate and share the value of content with the community, and to disrupt the current GameFi world where assets are isolated in one game. It enables players to come together to build and govern a new metaverse and create a community culture in the Shark-metaverse. StarSharks was founded in 2021 by a team with previous star performers from Timi Studio, Google, and Binance.Source