Paris-based blockchain gaming studio Unagi has raised $5 million in a seed funding round led by Sisu Game Ventures. It aims to expand its NFT fantasy sports platform beyond football and aspires to enter into the basketball realm. With the latest round, Unagi marked its 4th funding round. The latest funds will be used in expanding the team as well as in research & development.
Unagi: All you need to know about
Unagi is a Paris-based blockchain gaming studio that develops Web3 games, with a focus on fantasy sports games. Unagi’s first release is a fantasy sports game called Ultimate Champions, which allows players to accumulate virtual playing cards representing football players and build their dream squad. The game features NFT and marketplace functionality, with each playing card being a holdable NFT and users earning rewards following each match day. Unagi is also preparing to launch a basketball variant of the game, with a licensing deal from Euroleague Basketball. The studio is directed by Remi Pellerin and Charlie Guillemot, both of whom have previously worked at French games publishing giant Ubisoft.
Unagi’s Expansion and Preparation for the Future
Unagi has demonstrated impressive growth in the Web3 gaming industry. Its success in the football sector and plans to expand into basketball indicate its potential to make a significant impact in the market. By developing Web3 tools, the company is leading the way in integrating blockchain technology into the gaming industry, making it easier for players to use cryptocurrencies and NFTs to buy, earn, and spend in-game currencies.
Unagi is preparing for the future by investing in research and development and expanding its team to create more innovative games and features. The funding round, led by Sisu Game Ventures, with participation from UOB Ventures, Signum Capital, 2B Ventures, and angel investors, will enable the company to create more high-quality games and offer a better gaming experience to its users.
The Future of Web3 Gaming
Web3 gaming is on the rise, with more companies integrating blockchain technology into their platforms. This integration provides a more secure, transparent, and decentralized system for players to participate in. The gaming industry has seen a significant increase in the number of users and investments in recent years, and Web3 gaming is expected to be a driving force in the future of the industry.
Unagi’s success and funding news indicate the significant potential of Web3 gaming. By expanding into basketball and developing innovative Web3 tools, the company is taking advantage of the growing market and positioning itself as a leader in the industry. With the rise of cryptocurrencies and NFTs, the gaming industry is poised for a significant transformation, and Unagi is at the forefront of this change.