GameFi: Kandle raises $1.7M for its crypto fantasy games

The background Saama Capital led a financing round for Kandlea Singaporean start-up company that develops gamesfantasy league “dedicated to traders from cryptocurrencies.

This Tuesday, has announced that it has completed a fund-raising in the amount of 1.7 million dollars to accelerate the development of its GameFi platform.

Its flagship product ” Crypto Fantasy Leagues ” is presented as entertainment in which players must choose crypto-currencies as “battle tokens” to face other players in “a battle of wallets”.

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The round table of Kandle was led by venture capital firm Saama with the participation of other VCs such as PointOne CapitalCloud Capital, Founder’s Room and Seeders Fund. Sumit Guptaboss of Indian exchange CoinDCX, has also put his hand in the pot.

There’s a huge opportunity at the intersection of gaming and crypto, and we’re thrilled to be at the forefront of this evolution of crypto fantasy gaming. Super grateful for the unwavering support of our investors as we move forward to realize Kandle’s vision,” enthused Jaideep Yadav, Kandle’s founder.

Kandle boasts that it has already attracted over 80,000 players. Part of the capital raised will be used to expand the service’s user base, particularly in the Asian and North American markets.

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