Web3 gaming is a market that’s expected to have plenty of growth potential. According to Virtue Market Research, the current market has a $4.6 billion value. However, by 2030, this value should increase to $28.86 billion in 2030.
So, there’s plenty of reason to be a part of this market. Dragonz Lab is part of the Web3 gaming market. It recently raised $9 million to expand its Dragonz Land game. So, who is Dragonz Lab, and what is their Dragonz Land game?
Who Is Dragonz Lab?
Dragonz Lab is the team behind the Dragonz Land game. It’s a UK-based Web3 gaming studio. They recently announced a $9 million funding round. Syndicate Capital led this funding round. This is a venture fund specializing in Web3, blockchain, and AI investments.
With this fund, the team plans to further develop their Dragonz Land game. This is a utility-driven Play-2-Earn (P2E) game. As is usual with blockchain games, players can own the in-game assets. This is the big difference with current traditional gaming. It’s one of the reasons why many experts believe that Web3 gaming is the future of gaming. Dragonz Lab is looking to improve the games in various ways. For example:
- PvP tournaments.
- Strategic guild alliances.
- A customer loyalty program.
Dragonz Land already boasts a user base of over 5.3 million monthly active users.
Source: X
What Is Dragonz Land?
As already mentioned, Dragonz Land is a utility-driven Play-2-Earn (P2E) game. It calls the Venom blockchain home. Dragonz Land is a card game. It has no less than 16 different factions to choose from. You can play it on Telegram via your mobile phone or your PC.
It’s also a tap game. So, besides completing tasks, you can earn in-game tokens by tapping. There are also various ways to get NFT cards. For example, you can buy them, level up, or trade them. You can also gather or combine cards and increase their rarity, power, or worth.
The game will release its tokenomics in the coming months. The picture below shows one of their game cards.
Source: Dragonz Land Gitbook
Conclusion
The Dragonz Lab team secured a $9 million funding round led by Syndicate Capital. They will use this fund to improve the Dragonz Land NFT card game further. The Web3 gaming sector has great growth potential. Dragonz Land is part of this.
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