The Singapore-based GameFi platform has recently completed a seed round for the development of its "guild management and analytics" services.
MetaOne will attempt to reach gaming communities by developing its guild management platform, and extending its reach to mainstream gaming markets.
The funding round of $1.2 million was led by Infinity Ventures Crypto and supported by LucidBlue Ventures. With the investment, the initial goal of MetaOne is to fully establish a GameFi platform with a "transformative smart contract and analytics system."
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
Bullish vs Bearish Markets: How to Predict it? (Animated)
Transformative smart contracts allow players to trade and swap native tokens between separate ecosystems on MetaOne’s blockchain.
With 108 guilds already using MetaOne’s guild tools, the platform hopes that more blockchain games start using their API so players get better insight into their guild’s performance and yield rates for staking.
Managing Partner at Infinity Ventures Crypto Brian Lu spoke on the investment into the gaming guild analytics project, stating that MetaOne can become one of the leading platforms in the GameFi environment due to the team behind the project and its potential to bring something new to the table.
Likewise, according to Martin Hoon, who is the CEO of MetaOne, blockchain gaming services will “start off a new era in the gaming industry.” He added:
"There is currently a huge gap between the traditional gaming space and GameFi, be it the gaming community, gaming experience or gaming economics. MetaOne’s game-guilds-as-a-service platform will bridge this gap, accelerating the adoption and growth of GameFi."
The project’s early access launch date is set for the summer this year, with plans to give users a chance to test the pilot version of the guild analytics platforms and the decentralized exchange.
