September 9, 2021 – Tortola, British Virgin Islands
Gamified decentralized finance platform DeFi Land has completed its first round of investing valued at $4.1 million. Several dozen investors allocated capital to this project in recent weeks. The concept of gamifying investment action can make DeFi much more appealing and accessible.
DeFi Land is a multi-chain agriculture simulation web game designed to introduce the mainstream to decentralized finance. More importantly, it gamifies all aspects of traditional DeFi protocols, creating intuitive and educational solutions for those exploring alternative finance solutions. Making decentralized finance more accessible to a global audience is a crucial priority for the DeFi Land team.
Following the successful first round of investments, the team can look toward the future. The $4.1 million investment round brings forth financial support from over 40 investors, all of whom are well-known and respected names in the crypto and blockchain industry. Participants include but are not limited to Animoca Brands, Alameda, Jump Capital, NGC Ventures, Solana Foundation, Gate.io, MXC, Solar Eco Fund, Youbi Capital and others.
Brian Lee, VC at Alameda, said,
“DeFi Land is an incredible blend of the two most interesting things happening in crypto right now gaming and DeFi. We believe that DeFi Land can be a real game-changer in getting casual gamers and the crypto retails into DeFi.”
Such outspoken support from investors confirms the viability of what DeFi Land wants to achieve. Building a solution that aggregates across different protocols is crucial to bring DeFi to a mainstream audience. Moreover, the platform will support non-fungible tokens (NFTs) and introduce a play-to-earn model involving achievements, tasks, battles and other solutions to earn income.
When the team adds NFTs, they will provide benefits to the token holders. Every NFT in this ecosystem represents a unique game object, including trees, buildings, tractors and other farm-related items. These gamified items introduce new opportunities to borrow or lend money, provide liquidity, reward farming and more.
The creation of native NFTs is only one aspect of DeFi Land. Existing non-fungible tokens will gain a new ‘life’ through additional utility. Taking the Solana Monkey Business NFT as an example, it will generate monkeys running around in your DeFi Land game environment. Players can interact with these monkeys, adding an extra layer of interactivity and interoperability.
One intriguing aspect about DeFi Land is how the overall weather in this game reflects the current market conditions. Players can look forward to sunny days, although there will be bad weather days too.
Per the roadmap, the team is finalizing DeFi Land integration with Serum and Raydium. A beta version of the platform will go live in Q4 of 2021, as well as the NFT marketplace. In addition, more Solana protocols and other blockchains including Ethereum and Binance Smart Chain will occur in the coming months.
Furthermore, DeFi Land will focus on education through a dedicated ‘educational mode.’ It is a practice mode for retail users, allowing them to gain better insights as to what they can expect in this gamified environment. Later this year, the overall interface will be enhanced to make onboarding of non-crypto users to DeFi more straightforward and appealing.
About DeFi Land
DeFi Land is a multi-chain agriculture-simulation web game created to gamify decentralized finance. Our game will have all the features that traditional platforms have but it will be gathered all in one place. DeFi Land gamifies decentralized finance by turning investment activities into games.
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This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
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