Chillchat Raised $8.69 Million In Seed Round To Develop Metaverse

Chillchat was funded by many big names in the industry with a $6.5 million seed round, led by FTX Ventures and Crypto.com Capital. This makes the total investments $8.69 million.

With the funds raised, Chillchat will continue to use it for the development of its social metaverse platform, where players can easily create artwork, characters, and play sets in the form of NFTs.

Contributing to the seed round also included funds from Griffin Gaming Partners, Animoca Brands, Spartan Capital, Diamond Hands Ventures, Morningstar Ventures, Avocado Guild, GuildFi, Ancient8, SNACKCLUB, UniX Gaming, SwordFish Guild, and MonkeVentures.

Brian Lee, Partner of FTX Ventures, said:

“FTX is always seeking to push the crypto ecosystem forward, so when we saw how Chillchat approaches user-generated content in a fun and easy way, we saw it as a perfect opportunity to onboard the next wave of social and casual gamers into crypto.“

Chillchat brings a light-hearted casual metaverse game, with the ambition to become the number one “entertainment center” of the metaverse world and compete directly with the big names in the industry.

Focusing on encouraging users to create in-game content through a user-friendly and easy-to-use interface design, Chillchat aims to support and empower game artists and developers, as well as game developers anyone who aspires to be an NFT content creator.

Currently, owning 1 of 1,500 Origin NFT characters is the only way to receive the daily CHILL (the only token in the game) reward. In the future, players can also earn CHILL by staking NFT. Chillchat will officially launch, implementing IDO on Raydium and IEO on another platform later this year.

James Au, Founder, and CEO of Chillchat, said:

“We are grateful to have so many knowledgeable partners in the crypto and gaming space to help us realize the vision of Chillchat. Being able to ping our partners and their networks for input on building team, product, onboarding, growth, and tokenomics has proven invaluable in our efforts to build a metaverse that enables our users to create and consume content at speed and scale. “

Chillchat Origin NFT is currently trading with a profit of about x9.5 on MagicEden (the whitelist minting event took place on January 21st with a starting price of 2 SOL, 1 NFT is currently hanging on the market with a price of 2 SOL), and cost 22 SOL (equivalent to $880). The current total sales of Chillchat Origins are 42,856 SOL (approximately $1.7 million).

The Origin Collection has a total of 1,500 NFTs, 400 of the NFTs will be auctioned during 2022 on Magic Eden, 900 NFTs for the lucky members who won the whitelist at the price of 2 SOL, and the remaining 100 NFTs will be open for public sale to the community, as giveaway gifts and catering for partnerships.

Chillchat is an NFT Metaverse game with Pixel graphics, where players can easily interact and create unique NFT characters. Chillchat’s goal is to become a simple “Lofi” competitor, competing with The SandBox or Decentraland in the same metaverse – User-Generated Content (UGC) genre, simply understood as games with content created by themselves user created.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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