Millions of dollars raised for 'game' that will use blockchains, NFTs and lots of other popular terms.
December 15, 2021
[This unedited press release is made available courtesy of Game Developer and its partnership with notable game PR-related resource Games Press]
Author: BITKRAFT Ventures
1:00pm UTC Embargo Lift
Hong Kong & Australia — December 14, 2021 — CyBall, a football-themed, NFT-based game with a play-to-earn model, announced today a $1.8M seed round led by BITKRAFT Ventures with Animoca Brands, Ascensive Assets, Merit Circle, Yield Guild Games, GuildFi, Raydium, Coin98, SkyVision Capital and others also participating. The funding will be used to scale the team to accelerate the expansion of CyBall and further build out the scholarship system, CyLoans.
CyBall has recently had the opportunity to host the world’s first Triple IGO event occurring across three different platforms including BinanceNFT, CyBall.com, and GuildFi. The IGO on Binance smashed through all previous records, including the 1hour, 24hour, and 7-day trading volumes, and CyBall currently sits as the top NFT collection of all-time on BinanceNFT.
CyBall is on a mission to be one of the pioneers at the forefront of the blockchain gaming movement by offering more utility and interactive game experiences than current play-to-earn games. In CyBall, players can collect, trade, mentor, and ultimately battle with CyBlocs, the fantasy characters represented as collectible and tradeable NFTs. Gameplay combines different elements of strategy, simulation, and chance into the form of a competitive turn-based football card game, where players compete to see who can score the most goals. Existing CyBlocs can also mentor young CyBlocs to create the next generation of unique NFTs.
CyBall’s game ecosystem includes CyLoans, a unique game feature that streamlines the guild process to easily onboard scholars. This means that anyone who owns CyBlocs can easily loan them out to community members and split the revenue created. This automated scholarship system increases accessibility to the game, removes the barrier of entry of purchasing in-game assets, and will help to create income-generating opportunities for all players.
CyBall will soon release CyDex, a native Automated Market Maker (AMM) based Decentralised Exchange (DEX). Players will be able to go onto CyDex to buy, sell and provide liquidity for CyBall's native tokens: $CBT and $CYB.
“The team at CyBall is extremely honoured to introduce our amazing lineup of seed round backers, who will join us in pioneering this powerful movement within the GameFi industry. Games have always been one of the most popular mediums for players, entertainers, creators, and innovators to perform, socialize and enjoy memorable experiences together, but games have yet to reach a more mainstream audience. We incorporated football, the world’s most popular sport, to reach a new audience that might not have experienced the rewards of blockchain gaming,” shared Tin Tran, Co-founder of CyBall.
“The CyBall team impressed us as they are highly skilled and driven game developers, engineers, and crypto-experts who have created sophisticated gameplay experiences for play-to-earn users. The team supports the mainstream adoption of cryptocurrency by developing a play-to-earn game which, due to its football-inspired theme and familiar gameplay, easily attracts fans of a relatable, widely loved global sport. CyBall caters to a wide range of demographics, while also serving as the bridge between players and blockchain technology through the game's CyBloc universe,” commented BITKRAFT Ventures Founding Partner, Malte Barth.
About CyBall
CyBall — CyBloc Football, is a football-themed (US: soccer), NFT-based game with a Play-to-Earn model that allows users to collect, trade, mentor, and ultimately battle with CyBlocs. CyBlocs — Cyborg on the Blockchain, are CyBall’s main asset and in-game characters, which are represented as NFTs on-chain. Initially, the game will launch on Binance Smart Chain, and will then find its way into the Solana ecosystem.
Follow CyBall: Website | Twitter | Discord | Doc
About BITKRAFT Ventures
BITKRAFT Ventures is a global early- and mid-stage investment platform for gaming, esports,
and interactive media. Founded by Jens Hilgers, BITKRAFT serves a worldwide network that spans some of the industry’s more forward-thinking startups and founders working to build and operate the virtual worlds and economies of the future. BITKRAFT operates four venture funds with a total of over $600M USD in assets under management and has over 60 companies in its global portfolio as of October 2021.
BITKRAFT’s experienced international team seeks to create significant value through early candid partnerships, unique domain experience, entrepreneurial history, and a global ecosystem of strategic partners.
Find out more about how BITKRAFT and its portfolio companies are pushing the boundaries of Synthetic Reality® by visiting https://www.bitkraft.vc/vision.
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