Play It Forward DAO raises $6M to invest in P2E games
Large-scale scholar guild Play It Forward DAO (PIF DAO) announced Monday that its association has raised $6 million in a private investing round co-led by Signum Capital, Kyber Ventures, and UOB Venture Management.
Just six months after its launch, the community raised investments from Jump Capital, GBV, LD Capital, Great South Gate, Octava, 975 Capital, Arcane Group, Tokocrypto, AU21, Double Peak Group, Faculty Group, NxGen, DWeb3 Capital, GSR, SL2 Capital, Mintable, and some new angel investors.
Play It Forward DAO is an association guild management platform and a large-scale guild comprising more than 40,000 players and 3,000 scholars in the decentralized gaming ecosystem.
The DAO, composed of players mostly from the Philippines and Indonesia, manages players playing in games, such as Axie Infinity, Thetan Arena, and Pegaxy. Explaining its next move, the press release stated:
“We are embarking on the next phase of our DAO—building a platform that will transform Play-to-Earn into a Plug-and-Play experience for more guilds and players globally.”