The crypto gaming project MyPrize has completed a $13 million financing round, led by Dragonfly and Boxcars

2024-03-26 19:18:51

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ChainCatcher news, according to Fortune magazine, the crypto gaming project MyPrize has completed a $13 million funding round at a valuation of $140 million, led by Dragonfly and Boxcars Ventures, with participation from Mechanism Capital, Arrington Capital, and a16z. The $13 million is the total amount raised in two funding rounds, with $5 million in seed funding completed in October, followed by $8 million in Series A funding in recent weeks.

It is reported that MyPrize is a centralized company, but part of the raised funds will be used to develop a native token while building a GameFi ecosystem, which is expected to launch in the fourth quarter. MyPrize founder and CEO Zach Bruch has been involved in the cryptocurrency space since 2010, previously holding leadership positions in the trading departments of Kraken, Cumberland/DRW, and JST Capital.

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