Arcade raised $4 M in a new round of funding on 2024-01-22.

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ARC
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According to media reports, Arcade raised $4 M in a new round of funding on 2024-01-22. the investors in this funding round include Crypto.com Capital,Solana Ventures,Shima Capital,GSR,KuCoin Labs and others. Following this round, Arcade's total funding reached $23 M.
Arcade is the GameFi platform that gives its community the opportunity to earn meaningful rewards from various Play-and-Earn metaverse games, without direct gameplay or ownership of in-game NFTs. Anyone approved by Arcade can become a mission pool operator, including a gaming guild. Operators will be able to play games using NFTs owned by Arcade's treasury or lent to Arcade, which will then be used to generate rewards.Mission pool contributors, on the other hand, are Arcade token holders who can decide which operators and in-game activities they wish to support by depositing their xArcade tokens in a mission pool. The deposited xArcade tokens are locked in the mission pool and returned upon completion, along with a proportionate share of the rewards.

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ARC Fundraising History
RoundAmountValuationTimeInvestor(s)
--$4 M--2024-01-22Crypto.com Capital,Solana Ventures,Shima Capital,GSR,KuCoin Labs
Key Milestones
  • 2024-04-15
    $ARC was live for trading
  • 2024-01-23
    Arcade raised $ 4.8 M in funding round
  • 2022-10-19
    Arcade raised $ 3.2 M in funding round
  • 2021-12-22
    Arcade raised $ 15 M in Series A round
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