StarSharks Closes Private Funding Round with $4.8 Million
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StarSharks (SSS) is a community-driven metaverse based on ocean ecosystems that uses the SEA-SSS dual token economy model as its underlying asset. The project has secured a private funding round of $4.8 million.
What is Starsharks?
This game is where players, developers, and investors can determine the value development of underlying NFTs in a sustainable ecosystem. This project aims to cultivate and share the value of content with the community. And it is a breakthrough in the current type of GameFi, where content is segregated within a game. Players can form groups and use special features or symbols to represent different groups. It allows players to jointly build and manage a new metaverse and create a community culture within the Shark-metaverse.
Binance Labs, Kucoin Labs, and many other famous investors participated in the funding round. Also included are AC Capital, Banter Crypto, Bigcoin Capital, DAO Maker, Exnetwork Capital, Forward Analytics, Everest Ventures Group, Everse Capital, Gate.io Labs, Hyperedge Capital, ICO Drops, and Geekcarptel.
In addition to Binance Labs, there are also notable investors such as Genblock Capital, Jsquare, Kirin Fund, Krypital Group, Momentum 6, Muhabbit, LD Capital, MarketAcross, NGC Ventures, SL2 Capital, Titans Venture, Redline Dao, Skyman Ventures, Unix, Vendetta Capital, Winkrypto, YBB Foundation, Infinity Ventures Crypto and YGG SEA.
Binance invested a million dollars in StarSharks before the funding round
Binance invested a million dollars in StarSharks before the funding round. StarSharks runs on Binance Smart Chain (BSC). The Timi Studio team of four core members developed this project. They include Franky (CEO), Turi (Co-Founder & Producer), Kevin (Co-Founder & CTO), and Vanessa (Co-Founder & CMO). The team received high praise and acclaim from Timi Studio, Google, and Binance. The team is one of the most popular NFT game developers, with millions of active users in just three months of being active. Star Sharks plans to attract more talent to create the next generation of blockchain games through strategic investment.
Franky, CEO of StarSharks, said StarSharks is dedicated to developing a modern blockchain gaming platform to share and maximize the value of creativity through co-creation.
Improvements to GamiFi
The StarSharks project aims to change the current GameFi offering to isolate content within a game. Investors, developers, and gamers can own, breed, and trade Shark NFT within the ecosystem. You can also transfer NFTs between games in the StarSharks metaverse.
The project’s developer is aware that not all users can purchase NFT. The players can rent NFT. The “rent to play” function will fully enable the liquidity and utilization of NFT assets. This option bridges the gap between active players who don’t have enough cash to buy entry-level NFTs and NFT holders who don’t have time to play the game.
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