Thursday, June 8, 2023
HomeInsightFunding Alert Gaming platform OWN raises $2 mn seed funding

[Funding alert] Gaming platform OWN raises $2 mn seed funding

Gaming platform OWN
Gaming platform One World Nation (OWN)

One World Nation (OWN), a crypto gamification platform has raised $2 million in seed funding round from Better Capital, Polygon Studios, Cloud Capital, and Indigg.

The startup is planning to launch its NFT-based game to earn games on crypto markets by next month.

The startup said that OWN would simplify bitcoin and DeFi and that the platform would evolve into a metaverse of crypto that would later be called the Cryptoverse.

Bengaluru-based gaming startup was founded in February 2022 by Akhil Gupta, Dinesh Goel, Kunal Jadhav, and Mayank Shekhar, it aims to build a Non-Fungible Tokens (NFT) – based play to earn game on crypto markets.

“To help people become more acquainted with the crypto ecosystem, we are personifying cryptocurrencies. Imagine if Bitcoin, Ethereum, Solana, etc. were represented by a Warrior – Cryptonite. Where each Cryptonite has a backstory, aspiration and a reason for existence. Each one of these Cryptonites will be sold as a unique NFT. Players can own these Cryptonites, play games and earn high rewards in Cryptos”, said, Akhil Gupta, co-founder of OWN.

The startup claims that such simplification will help people understand complex products through a smooth and simple gaming experience.

“We are going to see large-scale consumerisation of blockchain and crypto use cases in future. More people would want to use Web3 products and start their crypto journey. We want to capitalise on this shift in consumer behaviour and accelerate the transition by creating games for people who are interested in crypto, said, the founders of OWN.

The entire crypto ecosystem in India is in its infancy. However, OWN claims to create a platform where people can enjoy games that will help spread awareness and educate people about the benefits of cryptocurrencies.

“Currently, Web3 technology is new like the internet of the 90s. We would like to be catalysts of growth for this growing industry. OWN is on a futuristic path of leveraging the Web3 tech and building consumer-centric use cases around gaming for crypto markets. We would want to invest in a tech that will be the frontrunner for the NFT-based play to earn games,” said, Vaibhav Bhalekar, head of art and design, OWN.



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