Ajuna Network Raises 7m Amid Launch Of First NFT Collective Game - FinanceFeeds

Ajuna Network raises $7m amid launch of first NFT collective game.
Ajuna Network has announced it raised $7 million in a combination of seed and cryptocurrency private rounds of funding amid the launch of its first NFT collective game, Awesome Ajuna Avatars.
The Swiss-based decentralized gaming platform, which will use the funding to continue building out on Polkadot, Ethereum & Polygon, raised $5 million in a private round led by CMCC Global and the remaining $2 million in a seed round led by Fundamental Labs.
CMCC Global joins OKX Blockdream Ventures, Signum Capital, crypto wallet may make money as well as blockchain game publisher Animoca Brands who has invested in Ajuna’s parent company BloGa Tech AG.
"We will continue building out on Polkadot, Ethereum and Polygon"
Charlie Morris, Founding Partner of CMCC Global, said: "We are thrilled to be leading this funding round into Ajuna. The platform empowers studios to incorporate immutable digital assets into their games, resulting in powerful new experiences for gamers. We are excited about the upcoming releases on Ajuna and look forward to supporting the team as they take blockchain gaming mainstream".
Cedric Decoster, CEO of Ajuna Network, commented: "We are ecstatic by the support of our new investors led by CMCC Global, who not only share our drive to build out Ajuna Network but also our passion for the gaming space. With this strong support and growing community, we will continue building out on Polkadot, Ethereum & Polygon."
Eric Yang Chunfu from Fundamental Labs, stated: "We are proud to have led Ajuna’s seed funding round and to have seen the iteration of Ajuna’s product and the continued growth of the team. The successful closing of this round is further evidence of its value being recognized in the industry."
The $7 million pledged will be used to further the firm’s efforts in integrating its suite of tools with leading game engines, as well as developing off-chain game operators that utilize trusted execution environments (TEEs).
The use of blockchain technology and non-fungible tokens (NFTs) can enhance the gaming experience, the firm claims. The network will thus invest in community products in partnership with other organizations and support teams as they deploy their games and products on Ajuna Network.
Ajuna Network parachains Bajun and Ajuna Network were obtained on Kusama and Polkadot respectively. The first products will soon come to market with the imminent launch of games live on the network. Now, the team is looking to bring web3 gaming to a mass audience.