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Saakuru Labs recently raised $2.4 million in an oversubscribed investment round to enhance the scalability and efficiency of its Saakuru Protocol within the GameFi sector. The protocol, a Layer 2 (L2) solution, now supports over 430,000 wallets and processes more than 200,000 transactions daily. Ranking as the fourth most active L2 solution, Saakuru demonstrates significant user trust and utility in the blockchain industry.
This financial boost coincides with an ambitious expansion in the Saakuru ecosystem, expected to launch over 40 projects in 2024. Among these is PlayGround, a gaming platform by Worlds Beyond, poised to draw significant user engagement. Additional upcoming games include Crypto Run by Made by Apes and the global soccer betting game Soccer Sage.
The funding round saw participation from a diverse group of blockchain-focused investors like Based VC and ARC Community, alongside Kyber Network, PG Capital, and others. Notable angel investors such as Gorkem Bereket and esports personality Marcus “Revenant” Tan also contributed, bringing valuable industry insights and networks.
This capital injection aims to widen the implementation of the Saakuru Protocol and establish a foundation for future advancements. The protocol’s removal of transaction costs and the Saakuru Developer Suite further facilitate an easy transition for developers integrating digital goods into Web3 environments.
Moreover, Saakuru’s rapid block time enables real-time, on-chain applications such as MMORPGs, enhancing the user experience by reducing typical blockchain latency issues. The protocol’s approach to removing gas fees aims to foster broader blockchain adoption and engagement.