Elfin Kingdom receives a $ 5.25 million raise jointly led by Binance Labs and Alameda Research

Elfin Kingdom receives a $ 5.25 million raise jointly led by Binance Labs and Alameda Research.

Press release

The growth of the GameFi market in the crypto ecosystem has grown tremendously over the past year and shows all signs of a future upward trend. Because of this, Elfin Kingdom, one of the most promising projects in the game-for-money space, has reportedly successfully completed a strategic and private sales round, raising $ 5.25 million in the process.

A group of highly qualified investors as well as strategic contributions from key players such as Alameda Exploration and well-known associations such as Merit Circle, GGG and Bayz took part in this financing round, led by Binance Labs.

Elfin Kingdom is a unique game-for-money platform that seamlessly combines the best of decentralized finance (DeFi) and GameFi applications into one match metaverse.

In the Elfin Kingdom, the user has the opportunity to catch Elfin on heroic journeys. There are many types of elves with different traits and abilities, and players can raise, fight, and exploit them to change their form and abilities to advance to higher levels.

Bringing financial literacy to the masses

With a strong focus on Latin American and Southeast Asian economies, Elfin Kingdom aims to make financial education less intimidating and more understandable for the masses through a fun and engaging game model.

The platform is currently built on the Binance Smart Chain and there are plans to integrate a high throughput network with low transaction fees like Solana in the near future.

Juan Ibagon, CEO of Elfin, said, “We are at an exciting time in blockchain technology where P2E gaming is now a viable career option for millions of users worldwide. Our team is very confident that this round of investments will help us grow our platform quickly and accelerate our go-to-market plan while making a positive impact on the lives of people around the world. ”

Brad Lim, Chief Investment Officer of Binance Labs, said, “Elfin Kingdom is a GameFi project with huge potential. Elfin Kingdom introduces a new form of GameFi, combined with Ultimate DeFi, players can use DeFi project tokens from partners in the game for additional benefits. We believe Elfin Kingdom can offer this industry a “free” model. “

Introduction to the Kingdom of the Elves

Elfin Kingdom is a GameFi project that combines the cultivation of decentralized financial income and inedible tokens with elements of gambling in a game-for-money platform that enables users to collect, fight and farm to make more from their crypto .

In the Elfin Kingdom, players choose their own roles and how they use all the opportunities available. Thanks to the integrated banking system, each role can maximize their income with an intelligent strategy.

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Contacts

Marketing Manager

Maria Ignacia Finol
Elfin Kingdom
info@elfinkingdom.com

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.