- DeFi Land completes its first round of investment—reports say the total amounts to $4.1 million.
- Dozens of investors showed support for the project, like Alameda and Solana Foundation.
- This project aims to make DeFi more appealing and accessible, especially to non-crypto users.
DeFi Land, the gamified decentralized finance platform announced that it already completed its first round of investment, amounting to $4.1 million. Dozens of investors allocated capital to DeFi Land’s project in the past weeks. According to DeFi Land, “gamifying investment action can make DeFi more appealing and accessible.”
To note, DeFi Land is a multi-chain agriculture simulation web game. It gamifies traditional DeFi Protocols, creating intuitive and educational solutions for all those who are exploring other finance solutions. Through this, decentralized finance becomes more accessible to a global audience—which is, in fact, DeFi Land’s “crucial priority.”
Going back, according to the announcement, because of DeFi Land’s successful first round of investments, its team can now look forward to the future. It is mentioned that the millions of investments came from over 40 investors—respected and well-known in the crypto and blockchain industry. DeFi Land named some of these investors as well: Animoca Brands, Alameda, Jump Capital, NGC Ventures, Solana Foundation, Gate.io, MXC, Solar Eco Fund, Youbi Capital, etc.
Brian Lee, VC at Alameda stated that,
DeFi Land is an incredible blend of the two most interesting things happening in crypto right now—gaming and DeFi. We believe that DeFi Land can be a real game-changer in getting casual gamers and the crypto retails into DeFi.
Support like this from investors solidifies DeFi Land’s capability and shows what it wants to achieve—to build a solution that aggregates across different protocols. As mentioned, it is crucial for DeFi Land to bring DeFi to a mainstream audience. More so, DeFi Land also stated that they will support NFTs (non-fungible tokens) and introduce play-to-earn models that involve achievements, tasks, battles, and other mechanisms that will allow users to earn income.
As stated in the announcement, when DeFi Land adds NFTs, it will give benefits to token holders. It is also said that creating NFTs is just one of the aspects of DeFi Land. Its existing non-fungible tokens will have new “life” through additional utility. DeFi Land also took SolanaMonkeyBusiness NFT as an example—like the mechanisms seen in this game, players can look forward to DeFi Land’s in-game realistic weather conditions, as well.
More so, DeFi Land will dedicate an “educational mode” which will allow users to practice in the gamified environment. Through this, users will be able to gain better insights into the game.
To conclude, as stated in the announcement, the team is already finalizing DeFi Land’s integration with Serum and Raydium—as per roadmap. In addition, a beta version of the platform will go live in Q4 of 2021, alongside its native NFT marketplace. People can also expect Solana protocols and other blockchains like Ethereum and Binance Smart Chain in the coming months. DeFi Land says later this year, users will see an enhanced interface on the platform, making the onboarding of non-crypto users to DeFi easy and appealing.