AAG Ventures raises $ 12.5 million in a private round to build economic power through the cash game

Press release

December 1st, Singapore – AAG Ventures (AAGV) is pleased to announce the successful raising of over $ 12 million in a private round ending this week.

The round was led by Shima Cash, Tribe Cash and Tess Ventures and included HashKey Funds, Everest Ventures Group, Republic Realm, Portico Ventures, Greenblock Capital, Kosmos Funds, Muses Builder, GDP Undertaking, Slayton Capital, Synergis Capital, ViaBTC Funds, Sanctor Money, YellowBlocks, Oyster Ventures, and Fomocraft Ventures.

Notable angel investors are Dave Wang & Companions (SoftBank LatAm Fund), Sandeep Nailwal (co-founder of Polygon), Nguyen Trung Tin (founder and CEO of Sipher), Antonny Liem (investment partner of Sipher), GDP Enterprise, one of Indonesia’s most popular web -Investors and Venture Builders, Alan Seid (Advisor to the President of Palau), George Chu (Founder and CEO of FiO.1), Kimiko Doan (Founder of YellowBlocks), Chris Gonsalves (CEO of Neighborhood Gaming), Gowtham Gundu (Executive Engineering at Google), Ken Berger (CEO of Lorem Labs), Armando Aguilar (Resource Strategist) Digital Asset at Fundstrat), Carmen Feliciano (CEO of Access Ventures), Angels from Hustle Funds Angel Squad, founder of CUKIES. Earth, Chavamon Vinijtrongjit (EVP, Head of Retail Partner Business at TMBThanachart Financial Institution PCL), Parinya Narkprasert, CFA (Team Leader, Corporate Banker at TMBThanachart Finan Finanzinstitut PCL), Willow Li (founder and CEO of AyiConnect) and Steven Bryson-Haynes ( VP of Business Development, NFT and Matchplay at Polygon)

The game studio’s supporters include Vulcan Cast, Sipher, Cukies.world, Immortal Recreation, and Local Community Gaming

What is AAGV?

AAGV is a project that combines three components. The first component is a play-for-money (P2E) association that enables gamers (aka experts) to earn cryptocurrency while playing blockchain games. The second component is a P2E platform that helps other guilds attract gamers on a large scale and act as the “backbone” for the participants in the P2E ecosystem (e.g. guilds, players, owners, etc., NFT owners and game developers) serves. The final component is a learning-for-money (L2E) platform that will enable future monetization apps. These are apps that allow players to earn crypto while learning transferable skills (e.g. math or programming) through educational games or background education.

“I’m excited to see AAG Ventures grow from a standard P2E consortium to a portfolio-defining company creating new industries like an academic microservice platform to help other associations maximize their resources to create the world’s first monetization – Develop ecosystem. We are excited and honored to support Nelly, Jack, David and the entire AAG Ventures family in their endeavor to become the king of the genre in the blockchain industry, ”said Yida Gao, Principal Investor and Founder and General Partner at Shima Cash.

What is the capital used for?

In the first four months of its existence, AAGV built an association called the Achip & Achair Association from two thousand scholars in the Philippines and six other developing countries. It also outlined a vision and started developing on P2E and L2E platforms. The company plans to release beta versions of both platforms in the 22nd half of the year. This funding will enable AAGV to realize those plans and future vision of bringing 100 million people into the super reverse economy by 2030.

AAGV is pursuing a three-pillar strategy for the future:

First start the P2E platform – this will be the software infrastructure that automates the necessary processes for almost all associations and serves as the backbone for the system participants. P2E ecology. “We believe that the best chance for us to reach 100 million scientists is to partner and support other societies instead of competing with them,” said Jack Vinijtrongjit, Co-Founder and CEO. “The platform model corresponds to our in-depth software know-how and how we can best implement it. We envision that in 5-10 years there will be 10,000 guilds, each with at least 10,000 players, and a software platform will be the foundation for that. ”Han Kao, founder of Sanctor Cash, also added:

“Moving from free-to-play to monetization will spawn the guild model and fuel the growth of hundreds of guild startups. AAG Ventures takes this fundamental development one step further by providing the tools and infrastructure for such associations to operate and service their academics. ”

AAGV has a 3-pillar strategy to create economic freedom and have 100 million Metaverse subscribers by 2030

Second, P2E Clan Expansion – Along with building a new platform, AAGV will continue to expand its clan. “While the path to 100 million is accessible through other guilds and pillars, expanding our existing clan to include 2K grantees will allow us to help more people achieve immediate economic global expansion, diversification in games and, most importantly, insight into business weaknesses to let us know the platform’s roadmap, ”said David Liu, Co-Founder and Director of Product and Operations.

Third, launch of the first Learning for Monetization (L2E) platform – AAG also aims to develop a new concept that takes full advantage of P2E but has a direct focus on education. Like P2E, L2E participants can earn cryptocurrency by participating in a game or gambling activity. Unlike P2E, however, players will learn transferable skills that will make them workable and self-sufficient. AAGV and Republic Realm have formed a joint venture to build the first Understand-To-Receive platform by 2022. Vladimir Velmeshev, Partner at Kosmos Ventures, said: Move from in-game tasks to more useful tasks like programming, studying, or general problem solving. ”

Funding will be critical to accelerate product development, commercialization and acquisition of NFTs, and to educate the public and regulators.

“We are proud investors in AAG Ventures. Deng Chao, CEO of HashKey Capital, said that since P2E games play an important role in promoting the mass adoption of blockchain, game guilds are an important bridge between the community and the applications, especially in developing countries. in AAG is not only a smart association as a founding system, but also a team equipped with strategic vision and expert knowledge in the industry. More importantly, AAG has enabled thousands of people to participate in the Metaverse economy and we believe that with the right implementation, AAG will become the industry leader, as its slogan says, “Do good by doing good does”. ”

About AAG Ventures

AAG Ventures is the founder of AAG (Achip & Achair Guild), one of the fastest growing gaming associations in the play-to-gain blockchain gaming industry with over 2,000 participating academics in seven countries: Philippines, Indonesia, Brazil, Argentina, India, Nigeria and Russia. AAG Undertaking’s mission is to create global economic freedom through a super diversified economy.

AAGV has a diverse team that represents 17 countries

The teams and consultants include:

• Co-Founder of Harmony Protocol, Co-Founder of Formation.FI, Co-Founder of Lympo.io and Founder of YellowBlocks
• Experience from Google, JPMorgan Chase, McKinsey, Facebook, Amazon, Salesforce, Intel, IBM, TIBCO, Samsung, Vodafone and Citibank
• Alumni from Berkeley, Stanford, Columbia, Harvard, MIT, Yale, Claremont McKenna Faculty, and UCLA
• Global reach (17 countries)

Further information can be found at: https://aag.ventures/

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