Magicave secures $5.675 million in a seed funding round led by BITKRAFT Ventures to develop a unique digital hobby ecosystem centered on collectible virtual items.
Information on the Target
Magicave, founded by industry veterans Harry Holmwood (CEO), Ste Curran (Creative Director), and Ed Thorley (CTO), is pioneering digital hobbies centered around visually appealing, interactive virtual items. At the heart of their innovative ecosystem lies their first project, dN (short for ‘d-Number’), which combines collectible virtual dice with figures, tiles, stories, and worlds. This initiative leverages advanced game and blockchain technology to cultivate a unique and engaging digital hobby experience.
Industry Overview in the Target’s Specific Country
The gaming industry has been significantly evolving, with many companies exploring the integration of blockchain technology. In recent years, the digital gaming sector has seen a surge in interest, particularly regarding the potential of NFTs and decentralized applications. This transformation is leading to a paradigm shift, offering consumers a more ownership-oriented experience.
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In addition, the rise of Web3 has intensified the focus on user-generated content and decentralized gaming platforms. Countries that are technology-forward are at the forefront of this tran
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BITKRAFT Ventures
invested in
Magicave
in 2022
in a Seed Stage deal
Disclosed details
Transaction Size: $6M