BlackPool, the first Decentralized Autonomous Organization (DAO) built exclusively for NFT gaming and commerce, recently announcement secure $ 6 million in funding led by DIGITAL.
DIGITAL was joined by Bitkraft, Delphi Digital, Play Ventures, Backed and Cherry Ventures, while existing contributor Fabric Ventures doubled its commitment to DAO.
Tackling the NFT Gaming World
A capital injection of $ 6 million will support the DAO in its mission to “democratize access to the most sophisticated and profitable assets and strategies in crypto”.
ð¨ NEWS We are excited to continue our series of announcements with massive news: BlackPool has secured a sweet contribution of $ 6M from all-star game VCs! ð¥ Join us and let’s build the future together! ??#NFT #playtoearn # Metaverse https://t.co/pd8pcGMH8k
– BlackPool (@BlackpoolHQ) December 9, 2021
DIGITAL, owners of Galadriel, one of only 3 existing Quadruple Mystical Axes, focuses on investing in the Metaverse.
âOver the next decade, there will be many yield-generating verticals within the NFT ecosystem. The most talented managers should be equipped with the capital and tools to be successful. Between our deep history as NFT collectors and understanding the best practices in the hedge fund world, contributing to BlackPool was a given, âaccording to DIGITAL.
Other investors on the list were among the early supporters of blockchain games, such as Axie Infinity, Sorare, and Gods Unchained.
âIt’s exciting to have these new partners on board with the vision of BlackPool. They bring diverse gaming and investing experiences and with this additional capital the DAO will be able to accelerate its growth to support more games, attract more top managers, and much moreâ¦ StakeDAO, Rekt and Curve .
Become the biggest economic player in the metaverse
BlackPool is the world’s first quantitative NFT hedge fund, which, just like traditional hedge funds allow a contribution in USD, allow a contribution in ETH.
Its governance token, BPT, can be wagered in exchange for xBPT, which represents participation in the shared community ownership of blue chip NFTs.
DAO is Sorare’s largest economic player – with $ 12 million in assets and one of Axie’s largest guilds – with 3,000 Axies and over 100 plots of land.
“BlackPool is the perfect partner to create value in the thousands of savings that will increase in the metaverse,” said Max Mersch, partner at Fabric Ventures.
Mersch believes that “it is no longer enough for funds to invest only in the capital of game companies, they must now also facilitate the deployment of financial and human capital in the virtual worlds they support”.
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