League of Kingdoms Arena (LOKA) is pleased to announce a $ 3 million token round led by crypto venture capital (VC) firm Hashed. Andreessen Horowitz (a16z Crypto), Binance Labs, Sequoia Capital India, BlockTower Capital joined forces in this round, which aims to drive the expansion of the League of Kingdoms gaming brand with the launch of League of Kingdoms Arena (LOKA) tokens and strategic investors such as Sky Vision Capital, Yield Guild Games (YGG) and the Korean blockchain ecosystem builder DeSpread.

In addition to the investors, we would also like to thank our many good friends who have supported us on our journey so far and beyond, including Amy from Lightspeed VP, Gabby from YGG, Coin 98, Aleks & Jiho from Sky Mavis, Sebastien from The Sandbox Games, Jin & Edward from Hashed, Kit from GuildFi, Nathan from UNOPND, Daniel from NFTBank.io, Yohan from Sandbox Games Korea and many more.

The funds will be used to build the basic infrastructure for gamer-owned governance and to fuel the play-to-earned economy in the League of Kingdoms universe, while fueling the growth of our global community of over 200,000 active players.

Our partners bring the best of experience, diverse but not limited to DeFi, gaming, sharing, community, a law that is the perfect addition to the League of Kingdoms arena when they started this journey with our long term vision of exciting blockchain develop games for the masses.

Now with a strong team of partners who have invested their trust and resources in us, we are fully ready to advance our quest to develop a metaverse web3 game around League of Kingdoms in which players and communities own and can thrive.

Investor highlights

Hashed

The onboarding of Hashed, one of the most knowledgeable and influential investors in the Web 3 space, will add tremendous value to the League of Kingdoms Arena. Hashed is an early believer and investor in blockchain gaming pioneers such as Axie Infinity, The SandBox, and many others.

Additionally, Hashed’s new project in NFT and Metaverse through its startup studio UNOPND will be the ultimate headwind for the League of Kingdoms arena as we strive to build a decentralized gaming metaverse, long experience through exciting gaming experiences and game-for-monetization – To have economies, communities and NFTs.

Andreessen Horowitz

Andreessen Horowitz (a16z) advocates courageous entrepreneurs who act quickly, think big and are committed to building the next big technology brands. Founded by Marc Andreessen and Ben Horowitz, the company provides entrepreneurs with access to expertise and insights in the areas of innovation, technical and leadership talent, market intelligence, business development, and marketing and branding.

A16z Crypto manages more than $ 3 billion across three funds and invests in Web3 companies and protocols, from early seed projects to full development networks. The crypto team helps founders and projects tackle the complexities of web3 in a number of disciplines including policy, legal issues, recruitment and marketing.

Binance Labs

Binance Labs identifies, invests in, and empowers viable blockchain entrepreneurs, startups, and communities, and funds industrial projects that help grow the larger blockchain ecosystem. Binance Labs is committed to supporting agile teams that have a positive impact on the crypto space.

Binance Labs will bring the League of Kingdoms Arena LOKA, a set of valuable and supportive infrastructures, to help spread the decentralized game vision.

Block tower capital

BlockTower Capital is one of the largest digital asset investment firms in the world. The US-based fund will leverage its extensive network in verticals ranging from traditional finance to DeFi to NFTs to provide League of Kingdoms arena, powerful advice and deep insights into capital markets and digital assets.

Sequoia capital of India

Sequoia helps brave founders build legendary companies, from concept to IPO and beyond. Sequoia Capital India operates in Southeast Asia and India and actively works with founders from a wide variety of companies from different categories including BYJUs, Carousell, Druva, Gojek, OYO Rooms, Tokopedia, Truecaller, Zilingo, Zomato, etc.

Partnering with Sequoia and joining the community of founders and leaders, plus access to 49 years of their tribal knowledge, will greatly enhance League of Kingdom Arena’s expansion into the world’s fastest growing markets and make a meaningful difference.

Capital of Sky Vision

Sky Vision Capital is a venture capital fund founded with a mission to promote innovative decentralized technology. The SVC team is an early stage investor and strategic advisor to the League of Kingdoms Arena to revolutionize and fundamentally advance P2E game models. We look forward to working with SVC as they have provided us with strong legal advice and strategic partnerships to accelerate the LOKA project.

Endure guild games

Yield Guild Games (YGG) is a pioneering decentralized gaming guild focused on monetization games and a strategic partner of the League of Kingdoms (LOK). Since YGG owns several properties in their guild, YGG acts as an active scholarship network with a specific YGGLOK-SubDAO, a DAO specifically for LOK players that holds the LOK game asset governance of YGG.

YGG will continue to actively participate in the League of Kingdoms Arena, promoting new users, exchanging valuable feedback and working together as partners and stakeholders on exciting future initiatives.

DeSpread

DeSpread is a leading blockchain ecosystem accelerator for the Korean market, which is estimated to be the third largest cryptocurrency market in the world and the fourth largest in the game. With extensive expertise and a strong network in the market, DeSpread will provide the League of Kingdoms Arena with invaluable resources across the entire marketing strategy.

What’s next?

Pick up where we left off

In 2020 we launched League of Kingdoms as the world’s first blockchain MMO strategy game. Our unwavering commitment is to create “all-weather” blockchain games that appeal to everyone “first”. We then made a promise to adopt blockchain-based tokens as we reached mass adoption of the game. In such an emerging era where crypto kitties is the only precedent, it feels like a pipe dream.

Balancing a hardcore MMO strategy game with NFT features is a cruelly difficult task, a rabbit hole of endless grinding, optimizing and balancing. And to make it worse, the crypto winter and COVID 19 have hit us brutally. While we keep building, many of our good friends like Axie Infinity and The SandBox keep going through the winter.

When spring came, the play-to-earn revolution took off. In the second half of 2021, the number of daily active users of League of Kingdoms increased tenfold, from 5,000 to 50,000. Tens of thousands of people have come for fun and stayed because of crypto. Increasing crypto-literate players and accelerated growth have convinced us that the time is right to pick up where we left off.

With this round of funding, League of Kingdoms will develop into a game metaverse that offers a fun gaming experience including the introduction of PvP arenas, P2E expansion by the Drago x $ SOD economy, platform trading (e.g. NFT bazaar ), GameFi engines (e.g. staking portal, GameFi console), governance infrastructure (i.e. governance agora), token rewards for in-game competitions played as a CvC, social media functions, e- Sports tools, compatible assets, and many other exciting updates that enrich the player experience both inside and outside League of Kingdoms.

To accomplish this mission, League of Kingdoms Arena is trying to build a strong network of guilds and communities around the world to attract different groups of players while providing them with an immersive gaming experience. , attractive in-game assets, exciting campaigns and more to ensure the sustainable and healthy development of the gaming platform.

Drago NFT demo

Community is king!

Nowadays, less and less is done under the supervision of game studios and more is done outside of them. The hottest initiatives in GameFi today are owned and developed by communities.

In the next generation of games, we assume that this trend will only accelerate. The more power and value the game gives back to the community, the more successful the games will be.

With this vision in mind, we’re increasing our investment in the community significantly by incorporating community-driven initiatives like play-to-earn guilds.

Thanks to over 200,000 players worldwide and active contributors in our community channels. This would not have been possible without your continued support.

* LOKA tokens are provided through a partnership with the TPA Metaverse Foundation.

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