Play-to-Earn Game Association CGU completes $5 million seed round financing




On September 9th, the Play-to-Earn game association Crypto Gaming United, supported by Australian venture capitalist Mark Carnegie, completed a seed round of funding of $5 million. The guild currently has 1,500 players and is expected to increase to 100,000 within one and a half years. Most of the players are in the Philippines (Axie Infinity's main market), and a few are from countries such as Indonesia, South Africa, and India. The guild has been working in multiple games to provide financial knowledge and digital economy education to current and interested players. The Game Association provides "scholarships" for NFT game players, as well as entry funds and continuous training funds. In return, the guild shares in-game revenue with players. Carnegie and Crypto Gaming United co-founder Sergei Sergienko formed the guild last month. There are currently nearly 40,000 gamers waiting to join. They will be based in Singapore because the country is forward-looking in terms of cryptocurrency adoption.

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