Metaverse Project DigiNation Completed 2.4 Million Fund Raising and Launching a Squid Game-like Contest Starring CryptoPunks

Metaverse gaming project DigiNation has successfully raised a total of $2.4M from venture capital firms and strategic players in the industry. The investors include: Longhash Ventures, OKEx Blockdream Ventures, Huobi Ventures, RareStone Capital, Spark Digital Capital, Yuanyuzhou Ventures and 21DAO Ventures.

Starting on the Ethereum blockchain, DigiNation is an all-encompassing ecosystem that comprises an extensive virtual gaming client DigiPlayer, playable characters (represented by DigiAvatar NFTs), a 3D design studio called DigiMaker, a web gallery named NFT Live, and an OpenSea-esque integrated marketplace known as DigiMarket.

DigiNation's innovation on the NFT starts from making the DigiAvatar NFTs with evolving attributes. In the DigiNation metaverse, DigiAvatars NFTs are the indigenous citizens, and these NFTs' attributes such as Experience and Fame can grow according to the player's activities in the game.

The public mint of 950 DigiAvatar NFTs on Ethereum was sold out in 8 minutes on 19 Nov.

With interoperability being a stated goal of the DigiNation team, the hope is that DigiAvatar NFTs can access not only the DigiNation but also other metaverses, whether they are on Ethereum or on other disparate blockchains. Similarly, third-party NFTs can be imported to DigiNation via NFT Live. For example, it will be possible to import a 2D picture NFT such as a CryptoPunk – which DigiNation will convert into an animated 3D avatar for use in the game.

The team plans to kick start the DigiNation in December by launching a multiplayer online tournament called Crypto Survivor, a sort of amalgam of the TV series Survivor and Squid Game, inviting reputable NFT projects such as CryptoPunks and Pudgy Penguins to star in the tournament.

Media Contact:

Rocky Chow
CEO of DigiNation
rocky@digimigame.com

View original content: https://www.prnewswire.com/news-releases/metaverse-project-digination-completed-2-4-million-fund-raising-and-launching-a-squid-game-like-contest-starring-cryptopunks-301431453.html

SOURCE DigiNation

News Provided by PR Newswire via QuoteMedia

The Conversation (0)
Person holding virtual game icons over a smartphone screen.

Mobile Gaming Stocks: 10 Biggest Companies in 2025

According to market intelligence firm Newzoo, global gaming revenue came in at US$177.9 billion in 2024, with mobile gaming accounting for more than half of that amount at US$97.6 billion.The firm states that the mobile gaming market has reached maturity but still achieved higher growth than the... Keep Reading...
NorthStar Gaming Announces Revocation of Management Cease Trade Order

NorthStar Gaming Announces Revocation of Management Cease Trade Order

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) ("NorthStar" or the "Company") is pleased to announce that effective May 16, 2025, the Ontario Securities Commission has revoked the temporary management cease trade order ("MCTO") it had previously granted to the Company on May 8, 2025... Keep Reading...
NorthStar Gaming Reports Year-End 2024 Results

NorthStar Gaming Reports Year-End 2024 Results

Annual Revenue Growth of 57%, Gross Margin up 91% NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) ("NorthStar" or the "Company") today announced its financial results for the three months and year ended December 31, 2024. The Company also announced that it will discuss the results on... Keep Reading...
NorthStar Gaming Announces Receipt of Management Cease Trade Order

NorthStar Gaming Announces Receipt of Management Cease Trade Order

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) ("NorthStar" or the "Company") today announces that its principal regulator, the Ontario Securities Commission, has granted its request for a management cease trade order ("MCTO") effective May 8, 2025.As previously announced on April 29,... Keep Reading...
NorthStar Gaming Announces Delay of Annual Filings

NorthStar Gaming Announces Delay of Annual Filings

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) ("NorthStar" or the "Company") today announces an anticipated delay in the filing of its annual audited financial statements, management's discussion and analysis and related certifications for the financial year ended December 31, 2024... Keep Reading...

Latest Press Releases

Related News