Piggy Planet to finish $6,25M Seri B Funding Round
Hello Piggy Planet explorers,
Today we are pleased to announce that Piggy Planet recently raised $6,25 million in a seri B funding round led by Alves Ventures, Solidity Ventures and Authentik Studios. This round was conducted as a private token sale, at a $30 million valuation to the ecosystem.
The private token sale saw participation from a marque list of investors including Alves Ventures, Solidity Ventures, Authentik Studios, Chronos Ventures, Grizzly Capital, BlackPact Capital, Twin Apex CApital, Grace Capital Church. These investors were selected given their prominence and history of leading ventures in their respective industries, including Gaming, Crypto, DeFi, Blockchain and entertainment.
Piggy Planet is a global leader in the development of GameFi gaming architecture, advancing the industry forward through the use of decentralized finance. The platform is built on BSC, which ensures that all assets and data needed will remain secure, transparent and tamper-proof. The Binance Smart Chain blockchain enables developers to build on a robust ecosystem that rewards both users and creators. With the support of its partners, Authentik Studios, Authentik Studios Holdings and Bscform Labs, we will continue to be a pioneer in the GameFi gaming industry, while also providing builders on the platform access to additional tooling needed to create industry-leading titles.
“Piggy Planet is revolutionizing the blockchain gaming ecosystem by providing a platform that actively supports both its users and creators. As part of our long-term growth strategy, we are actively seeking out strategic endeavors that will exponentially increase the expansion of Piggy Planet. PinkSale has achieved tremendous success since its launch just over 3-years ago, and its ability to provide global users access to the digital asset ecosystem in a regulated manner made them the obvious choice for the IDO. The funds raised and today’s IDO will provide us with the necessary capital and global exposure to provide investors with additional value throughout Piggy Planet s existence.” — Paul Kennedy, Director of TupoTech Ltd.
The Ecosystem is guided heavily by Authentik Studios and Authentik Studios Holdings, global multi-content and platform companies that lead the digital revolution of the future beyond gaming with their expertise in blockchain technology, who are the original contributors and master content providers with BSCform Labs and Hashed operating as our advisors. More than ten new titles are set to be released and supported by the Authentik Studios platform over the course of 2022.
Blockchain technology provides a transparent and secure platform for users to buy, sell and store assets, and applying this concept to video games was the logical next step.
We would like to thank all of our investors and are looking forward to partnering with them to further advance the blockchain-based gaming ecosystem!
About Piggy Planet
PiggyPlanet is the most seamless DeFi & GameFi ecosystem. Developed by Authentik Studios Group with BSCform Labs and Hashed as advisors, Piggy Planet ecosystem is built on the BSC blockchain and provides an Play- To-Earn solution for blockchain games including token economics, NFT marketplaces . The ecosystem highly scalable design allows users to easily manage all digital assets that are linked to the platform, and its governance token publicizes all service decisions and operations of the games built on the ecosystem. It is an ecosystem of virtuous cycles where all users and creators are privileged on the basis of a high standard of stability, fairness and transparency, and thus intended to present a sound direction for current blockchain gaming platforms.
About TupoTech Ltd.
TupoTech Ltd. operates Piggy Planet, an open blockchain gaming platform that provides an play -to-earn solution for blockchain games including token economics, NFT marketplace, and wallet. TupoTech is focused on expanding the Piggy Planet platform and its ecosystem around the globe and on leading the revolution of GameFi gaming experience for both creators and users.
For further information on Piggy Planet, please refer to the Whitepaper on our official webpage. And join in on the conversations at our community channel.
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