Seoul, a South Korea-based company developing a platform that integrates blockchain technology, SKYPLAY, raised USD 10 million in funding commitment in a recent fundraise. The company announced the fundraise on July 17, 2023. Global investment group LDA Capital Limited led the financing for the company.
Purpose of financing for SKYPLAY
With the latest financing, SKYPLAY seeks to fuel the growth of its gaming platform. It intends to publish more games and further acquire new users.
SKYPLAY also has plans to continue to leverage its enthusiastic blockchain community of more than 300,000 monthly active users to help bring excitement to its gaming portfolio. Meanwhile, the company intends to continue expanding its virtual playground. The gaming company has a goal of securing more than 10 million users by the end of 2024. In addition, the company is preparing an AI avatar that will serve as a metaverse platform connecting cities, humans, and the future. It further aims to provide new experiences and business models. SKYPLAY seeks to leverage the future of digital content through ever-evolving blockchain and AI technologies and further intends to grow into a platform that offers innovative experiences and diverse opportunities to its users.
What the company’s official has to say
Richard Chang, Chief Executive Officer of SKYPLAY, said, “The investment from LDA Capital will serve as a significant driving force for the future growth of SKYPLAY. I am confident that together, we will pioneer the future and become invaluable partners in our journey of growth.”
What the investors have to ask
Anthony Romano, Managing Partner at LDA Capital Ltd, further said, “SKYPLAY’s expansive ecosystem offers users a variety of entertainment across sports, arts and crafts, appealing to the different preferences amongst the gaming community. This multifaceted approach, along with a forum-oriented community they’ve built, is extremely difficult to replicate and gives them a leg up as they publish more games and diversify their entertainment offerings.”
About the company
Richard Chang is the Chief Executive Officer of the company launched in July 2021. The platform offers various games, such as Clashrow, along with the ability for users to earn coins and trade NFTs. Users can enjoy games and content while also participating in the NFT marketplace. Currently, the company operates in the servicing games sector in more than 170 countries worldwide. In addition, it boasts a client base of approximately 300,000 users utilizing the platform monthly.
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