Dragonz Lab Secures $9 Million Funding

Investing.com – Web3 gaming studio Dragonz Lab has secured $9 million in fresh funding from Syndicate Capital Limited Partnership Fund (LPF).

With over 5.3 million active users, the UK-based studio plans to enhance its game ecosystem. Dragonz Land aims to introduce new features, increase PvP tournaments, foster guild collaborations, and launch a loyalty program for players.

Dragonz Land focuses on combining dynamic gameplay with NFTs, allowing players to collect, trade, and level up unique NFT cards across 16 factions, while earning in-game tokens.

Andy Chen, Co-General Partner at Syndicate Capital and Board Member at Dragonz Lab, noted that partnering with Syndicate Capital LPF marks a significant advancement for the Dragonz ecosystem. As a leader in Web3, their expertise aligns with creating a sustainable and engaging gaming environment.

Available on both mobile and desktop through Telegram, Dragonz Land utilizes blockchain technology to guarantee secure transactions and true ownership of digital assets. Syndicate Capital, usually focused on Web2, is now entering Web3 with this Play-to-Earn project, aiming to engage players in a growing market of tap games.

Dr. Albert Yip, Chairman of Syndicate Capital, emphasized that Dragonz Land embodies the future of gaming and Web3, merging their success in customer loyalty programs with the thrill of GameFi, innovative blockchain technology, and a viable revenue model.

As a Web3 builder, they are excited to support this project, leveraging their expertise to enhance the Dragonz ecosystem and create synergy with their existing digital loyalty programs, such as Asia Top, a flagship company of Syndicate Capital LPF.

Dragonz Lab plans to launch several new game features and refine its tokenomics in the next few months, focusing on enhancing player engagement and community atmosphere.