Decentral Games, the number one leading metaverse project and the first community-owned crypto casino, has just completed its latest funding round, raising a total of $5 million.
The funds will be used for the development of the company’s infrastructure, and to add additional features and products. Part of the capital will also used to expand the product development and marketing teams. The company has already had to scale its team from 10 to 43 employees in order to meet community and investor demand.
Since its founding in 2019, Decentral Games has continued to grow, and the platform’s strong fundamentals and cash flows have contributed to the growth of the treasury, which remains well capitalized with over $8 million in assets, a 1000% quarter over quarter increase.
“From day one the Decentral Games team has made community engagement a top priority. The legacy gambling industry has historically functioned by pinning the house against the player. Decentral Games’ community-first focus has flipped this dynamic effectively creating alignment between investors and players by allowing everyone the opportunity to ‘be the house,’ states Co-Founder & CEO, Miles Anthony. “We are thrilled to welcome our new partners to fortify our capital position and provide our team with the flexibility to continue to focus on community-driven initiatives while scaling our capabilities in order to bring more complex games and events to market.”
The company is backed by key investor Digital Currency Group (DCG), and the latest funding round welcomed partners Collab+Currency, Metaverse Ventures (Digital Currency Group), Bitscale Capital, Cluster Capital, and AU21 Capital.
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