Dragonz Lab, a prominent Web3 gaming studio based in the UK, has secured a remarkable $9 million funding round, with Syndicate Capital Limited Partnership Fund (LPF) leading the investment. Syndicate Capital LPF specializes in Web3, Blockchain, and AI investments, serving as a key player in the development of the digital economy.
The primary objective of this strategic equity investment is to bolster the growth of Dragonz Lab’s flagship project, Dragonz Land. This innovative Play-2-Earn game is designed to promote digital property rights and contribute to the expansion of the Web3 ecosystem.
Thanks to the support from Syndicate Capital LPF, Dragonz Lab intends to utilize the capital infusion to enhance the ecosystem of Dragonz Land. The game already boasts a significant user base of over 5.3 million monthly active players and aims to introduce new features such as PvP tournaments, strategic guild collaborations, and a customer loyalty program.
Dragonz Land sets itself apart by leveraging unique NFT cards, engaging gameplay, and community participation. Players have the ability to acquire, level up, and trade cards across 16 distinct factions while earning in-game tokens by completing various tasks.
Andy Chen, the Representative of Co-General Partner of Syndicate Capital LPF and Board Member of Dragonz Lab, expressed excitement about the partnership, emphasizing the potential for growth and innovation within the Dragonz ecosystem. The collaboration is expected to enhance game development and provide users with novel digital assets and property rights, fostering increased user acquisition and retention in the Web3 realm.
The game, accessible on both mobile and desktop platforms via Telegram, incorporates blockchain technology to facilitate secure transactions and ensure true ownership of digital assets. Syndicate Capital LPF’s investment in Dragonz Land reflects a strategic move to capitalize on the burgeoning tap game market and solidify their position in the Web3 space.
This investment marks a significant shift for Syndicate Capital LPF from the traditional Web2 landscape to the emerging Web3 sector focused on Play-2-Earn games. Dragonz Land’s success lies in its engaging gameplay, innovative revenue model, and dedication to providing a rewarding experience for digital property owners.
Dr. Albert Yip, Chairman of Syndicate Capital Group, hailed Dragonz Land as a pioneering project that embodies the future of gaming and Web3. The game’s fusion of customer loyalty programs, GameFi excitement, blockchain technology, and revenue generation capabilities positions it as a trailblazer in the industry.
As a Web3 builder, Syndicate Capital Group is enthusiastic about supporting Dragonz Land and leveraging its expertise to enhance the project’s ecosystem. The synergy between Dragonz Land and Syndicate Capital LPF’s other digital loyalty programs, such as Asia Top, highlights the potential for collaboration and growth within the Web3 space.
In the coming months, Dragonz Land is set to unveil new tokenomics and features, underscoring its commitment to expanding its user base and fostering community engagement. The project remains dedicated to providing an immersive gaming experience while driving innovation in the Web3 gaming landscape.
With a focus on trading card mechanics, NFT integration, and tap-to-earn gameplay, Dragonz Land offers a unique gaming experience that combines elements of strategy and ownership. The game’s innovative approach to Web3 technology sets it apart in the competitive gaming market.
Syndicate Capital Group, known for its support of fintech and CBDC initiatives globally, serves as a key investor in the Web3 sector through Syndicate Capital LPF. The group’s commitment to fostering investments in the digital economy aligns with its mission to drive innovation and growth in the Web3 space. As an active participant in the Web3 Hub in Hong Kong, Syndicate Capital Group continues to champion projects that push the boundaries of technology and finance.
In conclusion, Dragonz Lab’s partnership with Syndicate Capital LPF marks a significant milestone in the development of Dragonz Land and showcases the increasing convergence of gaming, blockchain technology, and digital ecosystems. The investment underscores the potential for growth and innovation in the Web3 gaming sector, paving the way for future collaborations and advancements in the digital economy.