Crypto entertainment platform MyPrize completed two rounds of financing totaling US$13 million, led by Dragonfly and Boxcars Ventures respectively.

2024-03-26 19:30:57BlockBeats

According to BlockBeats news, on March 26, The Block reported that the encrypted entertainment platform MyPrize completed two rounds of financing totaling US$13 million, and its pre-launch valuation reached US$140 million. The first round of financing was US$5 million, which closed in October last year, and the second round of financing, which was US$8 million, closed this month. Both rounds of financing, structured as equity with token warrants, were led by Dragonfly and Boxcars Ventures respectively, with participation from a16z Scout, Mechanism Capital, Arrington Capital, Breed VC, JST Capital, 2 Punks Capital and others. Angel investors including Luca Netz of Pudgy Penguins, Peter Smith of Blockchain.com, Jeff Feng of Sei Labs, Steve Rosenthal and Spencer Noon of Jack Entertainment participated in this round of financing. MyPrize is a Web3 gaming startup that also supports streaming content. It recently launched a rewards program that provides early users with points called XP.

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Crypto entertainment platform MyPrize completed two rounds of financing totaling US$13 million, led by Dragonfly and Boxcars Ventures respectively.

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