In a significant move in the play-to-earn (P2E) gaming space, Arcade2Earn, the innovative gaming platform, has secured $4.8 million in funding in a round led by Crypto.com Capital. The funding comes on the heels of the platform’s strategic shift from Solana to Ethereum and Avalanche, reflecting a commitment to technical excellence and user experience.
Revolutionizing P2E Gaming
Arcade2Earn’s unique gaming ecosystem is centered around “Mission Pools.” They are set to reshape how gamers engage with play-to-earn dynamics. Mission Pool Operators (MPOs) and Mission Pool Contributors (MPCs) collaborate seamlessly, enabling players to earn rewards without the need to own non-fungible tokens (NFTs).
Meet the Founders and Backers
Founded in 2021, Arcade2Earn is spearheaded by CEO Josh Poole, who emphasizes the platform’s dedication to maintaining functionality amid the transition from Solana to Ethereum and Avalanche. The recent $4.8 million funding round was led by Crypto.com Capital, with significant contributions from Solana Ventures, Shima Capital, KuCoin Labs, and GSR, showcasing broad industry support for Arcade2Earn’s vision.
Token Sale and Community Incentives
In a strategic move, Arcade2Earn plans to launch a public token sale for its $ARC token on February 27 via the Fjord Foundry platform. This event, lasting 72 hours, will involve 1.875% of the total token supply, with 15 million tokens out of 800 million up for grabs. CEO Josh Poole assures that this public token sale is a one-time event, with future token distribution relying on community incentive programs.
Investors participating in the private token round will undergo a structured vesting period, including a six-month cliff period and an 18-month linear vesting period, ensuring a balanced and sustained release of tokens into circulation.
Ethereum and Avalanche Integration
Arcade2Earn’s shift to Ethereum and Avalanche is rooted in a strategic understanding of technical requirements. While the majority of the application was built on Solana, the decision to leverage Ethereum for the primary liquidity token ($ARC) and Avalanche for the synthetic platform token ($xARC) ensures a dual-chain approach. This approach combines Ethereum’s stability with Avalanche’s speed and lower transaction costs, providing an optimal gaming experience for users.
Benefits for the Gaming Industry
The shift in platforms and the influx of funding positions Arcade2Earn for robust growth and industry impact. Despite challenges and delays, the platform’s closed alpha version has already attracted 1,500 unique users, with plans for additional airdrops to onboard several thousand more users leading up to the token generation event. This strategic approach aligns with Arcade2Earn’s commitment to fostering community engagement and user adoption.
Conclusion
As Arcade2Earn navigates the dynamic landscape of play-to-earn gaming, the recent funding and platform enhancements underscore its commitment to innovation and user-centric gaming experiences. The dual-chain integration, strategic token sale, and community-focused initiatives position Arcade2Earn as a key player in shaping the future of the P2E gaming industry.
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FAQs
Q1.Why did Arcade2Earn shift from Solana to Ethereum and Avalanche?
Arcade2Earn’s decision to shift platforms was driven by technical requirements better suited for Ethereum and Avalanche, optimizing the gaming experience.
Q2.What is the significance of the public token sale on February 27?
The public token sale marks a one-time event for Arcade2Earn, with future token distribution relying on community incentive programs, ensuring sustained growth and engagement.
