HomeNewsSkyArk Chronicles Secures $15 Million in Binance-Led Funding Round

SkyArk Chronicles Secures $15 Million in Binance-Led Funding Round

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  • SkyArk Chronicles completed a $15 million funding round, led by Binance Labs, with over 40 institutions participating.
  • The platform, which has been supported by Binance since 2021, aims to revolutionize the gaming sector with its innovative NFT game engine and diverse ecosystem.

A Leap Forward for SkyArk Chronicles

SkyArk Chronicles, a burgeoning Triple-A gaming platform, has recently celebrated a significant financial milestone. On January 12, 2024, the platform concluded its funding round, successfully raising $15 million. This round was notably led by Binance Labs, the investment arm of the globally renowned crypto exchange, Binance. This investment marks a major vote of confidence in SkyArk’s vision and strategy in the gaming industry.

Binance Labs Spearheads Investment

The investment round saw participation from more than 40 institutions, underscoring the wide-ranging interest in SkyArk Chronicles’ potential. Among the notable contributors was Vividthree Productions, a Singapore-based company, along with other key players in the NFT and gaming networks like GuildFi Global. This diverse range of investors reflects the broad appeal and innovative approach of SkyArk Chronicles.

Transformative Gaming Ecosystem

  • Binance’s association with SkyArk Chronicles dates back to 2021 when SkyArk was selected for Binance’s Incubator Program Season 3. This support has been instrumental in propelling SkyArk’s ambitions to create a multifaceted gaming ecosystem.
  • SkyArk’s inclusion in the prestigious program, chosen from over 1,000 applicants, highlighted its potential even before token launch.

Revolutionizing Gaming with Innovative Tech

  • SkyArk Chronicles is staffed by experienced professionals who have previously generated significant revenue in traditional mobile gaming. Their current focus is on pioneering the gaming sector globally, particularly in Singapore, with Fully-On-Chain and Only-Assets-On-Chain games.
  • The platform’s NFT game engine is designed for interoperability, editability, and evolvability, enabling seamless integration of NFTs with various gameplay styles. This innovative approach is set to redefine the gaming experience.

SkyArk’s Promising Future

The successful funding round led by Binance Labs marks a pivotal moment for SkyArk Chronicles. With a solid financial foundation and the support of industry giants, the platform is well-positioned to make substantial strides in the gaming sector. The blend of traditional gaming expertise and cutting-edge blockchain technology bodes well for SkyArk’s ambitious vision, promising to deliver an immersive and diverse gaming ecosystem to a global audience.

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Ralf Klein is a computer engineer specializing in database technology, and as such, he was immediately fascinated by the possibilities of blockchain when he first heard about it, especially since this distributed, tamper-proof technology can be the foundation for much more than just cryptocurrencies. At ETHNews, he translates the articles of his English-speaking colleagues for the German readers. Business Email: info@ethnews.com Phone: +49 160 92211628