Voyage Finance, a Singapore-based Web3 startup, announced that it has raised $1 million in pre-Seed funding led by Delphi Ventures and backed by BlockchainSpace, PathDAO, and a host of angel investors.
Voyage is the first Web3 protocol to allow guilds to leverage their game assets (NFTs) and efficiently scale their operations and capital.
The GameFi industry is one of the fastest growing pockets within the Web3 space, and Voyage will be at the forefront of the ecosystem supercharging games, guilds, and players alike, according to the announcement.
Founded in March by former Zilliqa executives Ian Tan, Ren Lulu, and Han Wen Chua, Voyage Finance helps play-to-earn guilds obtain a mortgage of up to 3x their treasury and scale gaming asset inventory.
It aims to enable guilds to focus on expanding their operations and recruiting gamers who can compete at the highest level.
Over the next few months, Voyage said it will aggressively work towards its mission to lower the barriers of entry in Web3 games.
Through Voyage’s offerings, guilds can obtain loans of up to 3x its treasury and better optimize their capital use — enabling them to focus expanding their operations and recruiting the best gamers to compete at the highest level.
The first game to partner up with Voyage is Crabada — a fully decentralized play-to-earn game on Avalanche.
Slated for Q3 2022 release, the maiden version of Voyage app and extension will enable Crabada guilds of all sizes to begin taking loans and power up their operations, with support for other popular games to be added subsequently.
Voyage strongly believes in empowering everyone and anyone who wants to start their own guild amongst their social circles, and be the platform-of-choice for users to attain the capital needed to kick start their Web3 journey.
“Voyage represents a 0 to 1 primitive in GameFi and play-to-earn games. We are excited to support them in building out a permissionless way for guilds to scale via debt financing, and for capital to get exposure to earning opportunities in these games,” said Ryan Foo, game economist at Delphi Digital. – AsiaTechDesk.com