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Jungle’s Seed Round Financing Generates $6 Million in Investments from Various Venture Capital Firms.

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It is reported that Brazil\’s Web3 game studio Jungle has completed a seed round financing of US $6 million. Bitkraft and Framework Ventures jointly led the inve

Jungles Seed Round Financing Generates $6 Million in Investments from Various Venture Capital Firms.

It is reported that Brazil’s Web3 game studio Jungle has completed a seed round financing of US $6 million. Bitkraft and Framework Ventures jointly led the investment, and Delphi Digital, Karatage, Fourth Revolution Capital, Monoceros, 32bit Ventures, Stateless Ventures, Snackclub and Norte Ventures participated in the investment. （The Block）

Web3 game studio Jungle completed $6 million seed round financing

Analysis based on this information:


Jungle, a creative web3 game studio operating in Brazil, has announced the completion of its seed round financing worth $6 million. The investment was led by Bitkraft and Framework Ventures, which are both venture capital companies. Delphi Digital, Karatage, Fourth Revolution Capital, Monoceros, 32bit Ventures, Stateless Ventures, Snackclub, and Norte Ventures also joined the investment round.

This financing effort is expected to provide Jungle with the necessary funding to pursue its business goals and grow as a company. With the new funding, the company will be able to hire talented developers and designers to help it expand and create new, exciting projects. The seed round financing is also anticipated to enhance Jungle’s status as a leading web3 game development studio in Brazil, and perhaps globally.

Jungle has a strong affinity for blockchain technology, evident in its game development concepts that are centered on decentralization and user-owned assets. Besides its web3 games, Jungle is also building a global gaming metaverse for blockchains that supports player economies. With the significant financing generated through this funding round, Jungle is well-positioned to transform the gaming industry with its innovative concepts.

Bitkraft and Framework Ventures were both involved in this seed round financing, joining hands to provide Jungle with the required funding resources. Their involvement highlights their faith in Jungle’s business model and potential for growth.

Moreover, the numerous other venture capital firms participating in this funding round demonstrate the game studio’s promise and potential for expansion. This seed round financing further positions Jungle for growth and development, attracting other investors to partner with the company and secure further funding in the future.

In summary, Jungle’s seed round financing is a significant step towards its vision of becoming a leading game development studio in Brazil and globally. With the funding received from various venture capital firms, Jungle will be able to pursue its business goals, hire talented developers, and explore new and exciting concepts. The future looks promising for Jungle, and we can expect more groundbreaking innovations from this web3 game development studio in the future.

Overall, this news shows the promising future of decentralized gaming and how it is catching the attention of venture capitalists.

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