FTX and LightSpeed announce DeFi Land investment following news of the FTX, Lightspeed, and Solana Ventures 100M Web 3 Gaming Fund.
Solana Metaverse Gets Another Investment
DeFi Land, the metaverse NFT game, picked up an investment from FTX and Lightspeed on Nov. 29.
The investment is part of the $100 million fund that FTX, Lightspeed and Solana Ventures allocated to invest in Web3.0 gaming and Metaverse, as announced earlier this month. DeFi Land plans to make a public beta coming in late December this year. The game application is currently live but in a closed beta mode which requires a private access code to play the game.
“We are super happy to welcome @FTX_Official gaming fund and @lightspeedvp to our board. It will help us to perfect our game and introduce retail to DeFi, NFTs and crypto. DeFi Land is just getting started!” tweeted the game’s official handle responding to FTX’s announcement.
As previously reported by Solana.News, DeFi Land listed its native token, DFL, across various exchanges like FTX, Gate.io, and Raydium on Nov. 24. The token currently trades around the $0.38 mark with a market capitalization of $229.51 million as per data from CoinMarketCap.
What is DeFi Land?
DeFi Land is a farming simulation game built on the Solana blockchain network. The game’s metaverse attempts to encapsulate the features of different projects located in a single centralized space. Users can utilize the gamification of different decentralized finance (DeFi) protocols that make investment activities an engaging game.
Find more about DeFi Land here:
Source : solana.news
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