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Syndicate Capital Limited Partnership Fund (LPF) sponsored a $9 million fundraising round for Dragonz Lab, a Web3 game studio located in the United Kingdom. Through community-building projects, this venture fund, which focuses in Web3, blockchain, and artificial intelligence investments, hopes to improve the digital economy. The main purpose of the money is to help build Dragonz Land, a cutting-edge Play-2-Earn game that will strengthen digital property rights and improve the Web3 ecosystem.
Dragonz Lab intends to enhance the characteristics of Dragonz Land with the support of Syndicate Capital LPF. The game currently has more than 5.3 million active monthly users. Player vs. Player (PvP) tournaments, tactical alliances with gaming guilds, and patron loyalty initiatives will all be improved by the investment.
Dragonz Land combines distinctive NFT cards with engaging gameplay, enabling players to buy, collect, level up, and trade cards across 16 unique factions. Players can earn in-game tokens by tapping and completing various tasks, fostering community interaction and competition.
“Partnering with Syndicate Capital LPF represents a huge leap forward for the Dragonz ecosystem,” stated Andy Chen, Co-General Partner of Syndicate Capital LPF and Board Member of Dragonz Lab. He highlighted that the partnership leverages their expertise in building loyalty ecosystems, which aligns with the vision to create a sustainable and engaging gaming environment. “This strategic investment and synergy will bolster our game development while providing our users with innovative digital assets and digital property rights to increase user acquisition and retention in the Web3 spaces.”
With the use of blockchain technology, Dragonz Land is available on desktop and mobile platforms through Telegram, guaranteeing safe transactions and true ownership of virtual assets. A major change has occurred with the funding from Syndicate Capital LPF, the first Asian venture capital fund from the Web2 market to invest in a Web3 Play-2-Earn game. Dragonz Land sets itself apart with its engaging gameplay and a strong business plan that includes in-game purchases and improvements for owners of digital properties.
“Dragonz Land represents the future of gaming and Web3 more broadly,” said Dr. Albert Yip, Chairman of Syndicate Capital Group. “We are thrilled to support this project, providing our expertise to boost the Dragonz ecosystem and create synergy with our other digital loyalty programs.” The project is on track to release its tokenomics and additional features in the upcoming months, reinforcing its dedication to expanding its user base and enhancing community engagement.