Dragon Kart Raises $1.1 Million For 3D Play-to-Earn Battle Racing Game
October 21 2021 - 12:44PM
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Dragon Kart, an innovative 3D play-to-earn battle racing game built
on Binance Smart Chain (BSC), has announced the successful closing
of an oversubscribed $1.1 million funding round. The raise was led
by Bigcoin Capital and LuaVentures, with participation from
TomoChain, Signum Capital, NGC Ventures, Shima Capital, AU21,
Kardia Ventures, LaunchZone, VBC Ventures, BSC Station and
individual investors from Digital Strategies and Everse Capital.
Dragon Kart combines interactive gameplay with DeFi and NFTs to
offer users a free, fun, and skill-based opportunity at earning
rewards for their performance. Dragon Kart’s gameplay includes
racing battles including PvC, PvP, and tournaments. The characters
in the game are taken from a Pikalong comic series by well-known
Vietnamese artist Thang Fly, who boasts an impressive 1.4 million
followers on Facebook. Pikalong is a staple in Vietnamese culture,
having been read by millions of households and now being front and
center in Dragon Kart. The company’s native token, $KART, will be
built on BSC and be used for all DeFi activities such as staking,
farming, and lending. $KART tokens are used as the payment fuel for
all transactions on the NFT Marketplace. For token holders with an
increasing amount of locked tokens, they will benefit from a
higher rating/ranking to open valuable NFTs. In the future, the
platform will charge players with $KART tokens for NFT renting
services. BSC will help users save on fees and help enhance the
overall in-game experience. The game will also turn assets, such as
Kart Cars, characters, and weapons, into NFTs – while offering a
marketplace for users to buy, sell, and swap items. Dragon Kart’s
CEO Pham Van Phuong says, “We are excited to have the support of an
amazing group of investors that will help share Dragon Kart’s
vision with gaming communities around the world. Dragon Kart looks
to inspire an innovative experience for gamers and traders looking
to earn rewards and have fun at the same time.” Dragon Kart team
brings over a decade of experience as developers, entrepreneurs,
blockchain specialists, and gamers. The team’s advisory board
includes leading blockchain professionals such as Long Vuong
(TomoChain), The Nang (LuaVentures) Thanh Dao (LaunchZone), Kyle
Nguyen (VBC Ventures), and Logan (LaunchZone). Dragon Kart’s MVP is
currently available, giving users a chance to test the private demo
by joining Dragon Kart’s social channels. Dragon Kart will soon be
announcing more details about their upcoming IDO and public sale
rounds. More information can be found on the company’s official
Telegram channel and website.
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