Pantera Capital exclusively leads InfiniGods’ $8 million Series A.

Venture firm Pantera Capital has exclusively invested in web3 gaming company InfiniGods’ $8 million Series A funding round.

“We are excited to lead the Series A round with the InfiniGods team, doubling our belief in the future of web3 in mobile gaming as they transform web3 mobile gaming into a more inclusive and accessible technology platform,” Pantera said. ,” Pantera said. Thursday’s announcement took to social media, adding, “Their team has pioneered a solution that integrates blockchain technology into mobile games to overcome the UX challenges associated with on-chain activities.”

InfiniGods released its first beta game, InfiniMerge, in January 2023. The game is an ancient Greece-themed merge game that evolves gameplay by requiring players to combine similar items or upgrade those items. InfiniGods is also developing other games, including mobile game King of Destiny and tower defense game Immortal Siege.

“This capital injection allows us to double down on our vision to lead the future of mobile gaming and provides us with the resources to scale our blockchain infrastructure to an even more global audience.” InfiniGods wrote On social media site

Pantera previously led InfiniGods’ $9 million seed round in May 2022, with additional support from Framework Ventures, Jefferson Capital, Animoca Brands, and Double Peak.

Pantera’s investment in InfiniGods follows Pantera’s announcement that it would raise $1 billion for a new cryptocurrency venture fund, The Block previously reported. Pantera Fund V invests in startup equity, early-stage tokens, liquid tokens, and other assets.

Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.