African Crypto Gaming DAO MVM Closes $3.2 Million Seed Round with HashKey Capital Involved
African crypto gaming DAO Metaverse Magna (MVM) has closed a $3.2 million seed round with participation from HashKey Capital, Polygon Studios, LD Capital, IndiGG and others.
MVM was the second venture to be publicly announced by Nestcoin and was incubated in partnership with a multi-strategy blockchain investment fund, Old Fashion Research (OFR). MVM launched in December 2021, building its community of gamers as a gaming guild. With this model, MVM offered play-to-earn scholarships to over 1,000 gamers to play crypto games like Axie Infinity and Pegaxy. In addition, MVM is building a soon-to-launch social gaming app called Hyper.