Indian Blockchain gaming startup OneTo11 raises USD 2.5 million in a Seed round

OneTo11, an India-based blockchain gaming startup, has raised USD 2.5 million in a seed funding round from Oracles Investment Group and others on 4 February 2022.

Investors: The latest funding round drew participation from Oracles Investment Group, Maximus Capital, Dutch Crypto Investors, GDA Capital, Magnus Capital, NFT Technologies, Oracles Investment Group, International Blockchain Consulting, Jason Stone, and Carl Runefelt. 

The Objectives behind the funding: The company plans to deploy the current proceeds to expand globally by entering into new markets – such as the Middle East, North America and Europe. In addition, it also plans to introduce high-quality games to its state-of-the-art gaming ecosystem, built specifically to match the demands of gamers from these different nationalities. The startup also plans to expand its team by hiring new talent across different positions to improve the quality of the games and the user experience for its global pool of gamers. 

About OneTo11

Founded in 2020 by Anirban Chatterjee, Tirath Chand Sharma, Manasvi Singh and Ravindra Kumar, OneTo11 is a blockchain gaming platform that empowers play-to-earn games with NFT trading capability. Its social networking platform provides multiple play-to-earn games to suit every gamer’s needs and leverages new technologies, blockchain, and NFT trading to generate value in next-generation gaming applications. The company allows gamers to earn through three different ways – referrals, challenges & community that provides them consistent income for their time and efforts invested in the game. Its ecosystem consists of 5 major kinds of games: Fantasy games, RMG, RPG, Educational & NFT games. Within a year of its launch, the startup claims to have acquired a user base of more than two million registered users and facilitated 18 million transactions in the 15 months since its launch in October 2020. Moreover, the company plans to launch the first public sale of their 1TO11 governance token and the NFT marketplace in the upcoming months.

What the Founder has to say:

Ravindra Kumar, CEO of OneTo11, said, “We are really excited with the trust and brand value we have been able to generate with the growth of OneTo11 in the last 15 months. Our vision for OneTo11 becoming a global gaming ecosystem is coming to fruition. With the investment being raised, we are all set to go into the next stage of aggressive expansion and explore further possibilities of bringing play-to-earn gaming to everyone. The funding will greatly help us venture into the global market with top quality games and a more comprehensive gaming economy.”

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